Thread by @dragonforge_nft

Why I decided to launch a cryptocurrency/social token called $DGN on the Solana Blockchain, and why many companies & creators will do it too in the future. 🧵 🧵 🧵 👇
#blockchain #cryptocurrencies #DGN #Tokenomics #Web3

The last 10 years saw the rise of social media. The next decade will see the rise of the social token, cryptos launched by creators and businesses that will give them more control in their ecosystems and better opportunities to create relationships with their communities.

$DGN is not a shit coin, or a meme coin. We call it a social token because it’s not DeFi either. It’s more like Web3 Patreon. You hold $DGN and you get more access to me and what I’m building. I have tiers of membership. And instead of paying monthly you only pay once.

You can swap $DGN for fiat currency, or for any other creator coin in the @GaryCoinOnSol exchange. We’re a network of entrepreneurs & creators pioneering an ecosystem that will become standard. Apple, Amazon, Google, Starbucks & other large companies will soon follow suit.

The clincher is Social Connector. It’s a live software being built by @GaryLHenderson & his team that lets creators reward their supporters for engaging on social media by dropping coin into their wallets. It bridges Web2 & Web3, and no one else is building anything like it.

A Twitter thread can’t handle all the amazing things this SaaS can do. But you’ll get to find out as I use it and the tech expands. Right now it’s compatible with Twitter (and spaces), CH, Discord, ETH & SOL Wallets. Instagram is next. You share my tweets, I send you $DGN

You come to my Twitter spaces, I send you $DGN. You participate in our discord, I send you $DGN. You own a Dragon, you get more $DGN than someone who doesn’t. It just feels better when you get a little thank you for supporting a creator.

We have Social Pay which lets us easily sell products in our own currency, & soon in fiat with And we will soon have flexible mailing list features that lets you customise your newsletter according to how much of your token is in people’s wallets = better marketing

When Gary says he will do something, he delivers. His community knows this by now because we’ve seen it happen over and over. And he has the experience to support us in the right ways. He also only wins at this if the creators on the exchange win. That’s a good business model.

NFTs are not the Holy Grail. They’re a tool. Alone, they will not solve the problems we seek to change. Creators need to build a sustainable ecosystem, and most NFT “projects” aren’t doing that and therefore won’t make it. There’s only so much you can squeeze out of royalties.

And expecting your NFT holders to eventually be exit liquidity for someone else so you can pump your floor is the opposite of sustainable. Floor price is not utility unless you want to be a security. I seek to bring real value to the people who support me.

And that’s why, in short, I’m launching a social token. I plan to be here in a decade.

I wasn’t asked to write this. I’m not being paid to write this.

Sign up to social connector here, and be sure to connect all your accounts. It doesn’t store your wallet, it only reads what’s in it. $DGN launches on Oct 26th

#DragonForge

app.socialconnector.io

I almost forgot to mention…$DGN is for Dragon. While we will release many stories in many formats in the coming years, DragonForge was the origin and the name of our coin pays homage to that 🐉 🔥

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