- CoinDesk declared that its social currency, DESK, may now be obtained by reading articles, viewing videos, and engaging in other activities.
- The functions include redeeming NFTs, accessing special networks, voting on SnapShot ideas, and so forth.
- The expanding social token product will serve as a way of directly transferring the value of interaction to the users who generate it.
Today signifies the start of the next session of DESK’s integration of the social token into their entire user experience. Every reader can now earn DESK by reading articles, viewing videos, and engaging in other activities on their websites.
According to the consensus released by the cryptocurrency-dedicated platform, CoinDesk first tested the engagement-rewards approach by piloting a beta version of DESK at Consensus 2021, a virtual-only experience. One year later, they took DESK out of testing and into the IRL Consensus experience in Austin, Texas.
CoinDesk is utilizing DESK to increase interaction with their contents prior to the next Consensus 2023, the most significant discourse in blockchain, crypto, and Web3, which will take place April 26–28 in Austin.
CoinDesk announced that its social token DESK now allows users to obtain it by reading articles, watching videos and other interactions. Its functions include redeeming NFTs, accessing special channels, participating in voting on SnapShot proposals, etc. https://t.co/X4Rz3Jfckv— Wu Blockchain (@WuBlockchain) December 7, 2022
Claimable DESK prizes can be found in Consensus Magazine articles, Carpe Consensus podcast episodes, and Consensus-related CDTV shows. They simply need to register an account on the website to claim DESK rewards.
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Claimed DESK rewards will be credited to each reader’s CoinDesk balance, which can be accessed in the DESK Hub. Readers can transfer their coins after linking their Web3 wallet when they are willing to use them.
According to the report, Desk is not thinking of getting monetized. DESK is not a profitable investment, and attempts to commercialize the token will almost certainly result in a net loss. The blockchain enables strangers to contribute to a group effort, establishing the groundwork for a new sort of organization: the tokenized community.
Moreover, DESK is intended to emphasize this non-financial use by tokenizing the value of audience interaction and redistributing that value to community members through access, influence, and utility.