GM Frens! 💜 It's time to update Phaver app from App/Play Store to get latest updates. 🚀

The main feature of this update is the cap on the $SOCIAL average in the dashboard.

Phairdrop S2 focuses on $SOCIAL holders, and to prevent gaming the system, we’ve capped the 30-day average metric to be at most the current $SOCIAL holdings amount. 🛡 To receive the multipliers or the guaranteed $SOCIAL allocation in Season 2, the tokens must still be in user’s wallet at the time of the distribution. If you move the $SOCIAL out of the Phaver-connected wallet before then, you forfeit the multiplier and guaranteed allocation for the season. ⚠️

We've also rolled out various bug fixes and performance improvements! 🔥

Happy weekend and let’s keep Phavering! 🦄

GM Frens! 💜 It’s time to restart Phaver app to get the latest updates. 🚀

The Web3 Ads with Token Buybacks are now LIVE - Every time you click a new ad and explore the sponsor’s site to learn more, money for $SOCIAL buybacks is earned. 🔄🔥

As we are in a pilot test, all feedback from the community is very much appreciated as we adjust the frequency and add more advertisers into the program.

We’ve also added 10,000 new Moca IDs. The Phaver Perks portal, $SOCIAL on Solana, the gasless in-app wallet, and something HUGE is cooking next - stay tuned!

LKP! 🦄

Phaver and Spindl Launch Web3 Social Ads with Token Buybacks

As the first of many initiatives to boost $SOCIAL demand, we are soon rolling out Web3 ads tied to token buybacks. To start, 50% of all ad revenue is used to buy $SOCIAL back from the market to equally reward all holders.

This model boosts additional demand for the token and provides longevity for the reward economy, as the buyback tokens will either be burned to decrease token supply permanently when needed, or redistributed to users during periods of faster user growth to ensure the economy is balanced. We do not use any invasive tracking for the ads; they seamlessly blend into the feed and can also be opted out from with Points or $SOCIAL after the pilot.

The ads are powered by Spindl and only use public blockchain data to improve relevance.

Read Article: x.com/phaverapp/status/1846184441384710479

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