Introducing /Reach: A Solution to Crypto Community Woes
In a bid to address concerns over rampant bot activity and engagement issues on popular microblogging platform X, /Reach, a web3-centric social platform, officially launched on 18 December. Following a successful beta phase with 6,000 users onboarded, the platform sets out to redefine the crypto social space.
Redefining Social Engagement
In the realm of crypto, concerns about bot manipulation, fake profiles, and insufficient engagement levels on platforms like X (formerly Twitter) have plagued the community. /Reach aims to confront these issues head-on by introducing an innovative protocol that integrates Discord and X. This integration allows users to share content with a vetted audience while earning fair compensation.
Addressing Industry Frustrations
Co-founders L’anamour and 8an underscore the necessity of /Reach, highlighting the persistent issues with platforms like X/Twitter. The proliferation of fake profiles and the platform's algorithmic limitations have been sources of frustration for both individuals and businesses. They position /Reach as a tailored solution, explicitly designed to mitigate engagement problems and combat bot-related challenges.
Influential Support and Funding
Notably, /Reach has garnered support and investments from significant figures in the crypto space, including Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, and Mooncat2878. These investors boast prior involvement with platforms such as Blur, LooksRare, SuperRare, and NFTNow. Seedphrase, one of the investors and advisors, praises /Reach for fostering a conducive environment for creators and contributors.
The Reach Token: Driving Interaction
The Reach token, with a total supply of 100 million, currently trades at approximately $0.113241, with a trading volume of around $3 million, as per Coingecko data. Its value reached a peak of $0.136887 post-launch before settling at its current valuation.
Token Utility and Functionality
/Reach outlines various utilities for the token, ranging from boosting project engagement through missions to participating in the platform's revenue-sharing program. Additionally, the token holds significance within Discord for its holders, serving diverse purposes.
Transforming the Crypto Social Landscape
The launch of /Reach signifies a significant leap in addressing the long-standing issues prevalent in crypto-centric social platforms. By leveraging a unique integration and fostering a collaborative environment, this platform introduces a promising solution to enhance engagement and combat fraudulent activities, reshaping the landscape of crypto social media.