/Reach has onboarded some of the biggest names on Crypto twitter as advisors.
Their token ($REACH) is going to be all over your twitter timeline next week.
Here's what you need to know before the token launches on Monday…
/Reach is a software platform and protocol that allows content creators and brands to set monetary bounty rewards to incentivize users to engage with their social posts, boosting their reach in a few easy steps:
Creators (Advertisers):
1. Select a piece of content and create a mission.
2. Select a category for the content to target the correct audience.
3. Add an ETH bounty to the mission to increase engagement.
4. Track your content’s performance in the analytics dashboard.
Contributors (Users):
1. Complete missions by engaging with content (like, retweet, comment) and earn points.
2. Earn REACH tokens by climbing the points leaderboard.
3. Engage with premium missions to earn REACH tokens AND a chance to win the ETH mission bounty.
$REACH Holders:
1. Passively earn more REACH tokens from holding REACH. A portion of each premium mission goes towards buying REACH which is then distributed to holders.
Walking through an example will help us better understand how /Reach works and how the REACH token properly incentivizes quality engagement.
A creator wants to promote a post on X (twitter), so they create a premium mission with a 1 ETH bounty…
80%, or 0.8 ETH in this example, goes to the mission raffle reward where one lucky user who engages with the post will win the whole 0.8 ETH.
20%, or 0.2 ETH in this example will go to the /Reach Treasury which will then be used to market buy
$REACH tokens. These /Reach tokens are then distributed to users on the weekly leaderboard who have accumulated points by engaging with missions as well as existing
$REACH token holders...
/Reach has already successfully launched their platform and found early product market fit before launching their token....
Their user base is quickly growing with a large spike to over 1000 daily active users in the past few weeks...
We just put out a 14 page research report on /Reach. If you want to read it, head over to the link in our bio.
In it we cover:
- Tokenomics
- Token utility
- Team & Advisors
- Addressable Market
- Expansion/Marketing Strategy
- Concerns and Limitations
-
$REACH Investment Strategy
In the meantime, a like and RT is greatly appreciated 🤝