What is Releap Protocol (REAP)? The SocialFi application aggregation protocol puts management in the hands of consumers

Releap Protocol is a social graphing protocol that consists of several SocialFi applications that give consumers total management above their material. The task is an modern remedy for tasks and consumers that aims to revolutionize material ownership in the Web3 sector. Let’s understand about the Releap protocol with Coinlive by the write-up beneath!

What is Releap Protocol (REAP)? The SocialFi application aggregation protocol puts management in the hands of consumers

What is the Releap Protocol?

Releap Protocol is a social graphing protocol that consists of several SocialFi applications that give consumers total management above their material. Users can use the protocol to produce decentralized social networks or quickly include social attributes to current applications.

What is the Releap Protocol?

Releap Protocol’s core item is the Releap app, deemed the “Twitter of Web3” with further attributes that make it possible for tasks to develop, engage and reward their communities. Here, consumers can edit their profile, publish material and run campaigns with no getting managed by the platform.

Releap Protocol is an modern remedy for tasks and consumers that aims to revolutionize material ownership in the Web3 room. Partnering strategically with Sui and zkSync, Releap Protocol offers a platform for Web3 tasks in these two ecosystems to develop applications, shop information on-chain, and be compensated for consumers in the project’s neighborhood.

Main parts of the Releap protocol

Profile

The user’s profile or profile in the Releap protocol will seem as an NFT and grants management above the user’s material. NFT profiles are owned by personal addresses, and an deal with can have a number of NFT profiles. What sets Releap Protocol’s NFT profile apart from other on-chain IDs is its material publishing abilities. Stores all posts, reposts, remarks and other consumer-designed material.

No, shit

Content is the heart of just about every creator platform. With Releap Protocol, material can be converted into NFTs as quickly as publishing it. Each piece of material is linked with a profile which can be a distinctive NFT linked with the creator and these NFTs will be completely stored on the Sui network. From right here, Content NFT will open up far more possibilities for creators to monetize their will work or reward consumers.

Comment

Comments make a publish particular and give a distinctive truly feel to sharing material. With Releap Protocol, these remarks can act as distinctive NFTs linked to the publish they had been designed on. Comments can also be customized or constrained to reward consumers or enhance the expertise. For illustration, only consumers who have followed a profile for far more than six months can comment on that material creator’s posts.

Applications on the Releap protocol

Relaunch the app

This is an app that will work like Twitter Web3 with further attributes that make it possible for tasks to develop, engage, and reward their communities. Users can edit their profile, comply with their favored creators, publish articles or blog posts, run campaigns, and so on. Additionally, Releap app consumers can also get benefit of Sponsored Transactions (Sponsored Transactions) to decrease fuel costs and expertise superior web3 social networking.

To make a profile on the Releap app, consumers require to connect Sui Wallet (if they want to use the Releap app on Sui) or MetaMask (if they want to use the Releap app on zkSync). After building a profile, consumers can expertise the application in the following techniques:

• Users can publish articles or blog posts or like or repost material posted by material creators in the Home interface (related to Twitter’s News Feed webpage) and Discover (wherever other material creators are recommended).

Home interface on the Releap app

Check out the interface on the Releap app

• Users can participate in campaigns designed by tasks in the Sui and zkSync ecosystem. Upon finishing a campaign, consumers will acquire badges, factors that make it possible for tasks to reward consumers in the neighborhood and improve engagement employing on-chain credential types.

Campaign interface on the Releap app

• Users can transfer tokens in between Sui and BNB Chain by the Bridge part in the Releap app. Supported assets for connecting two chains involve BNB, SUI, and REAP.

Bridge interface on the Releap app

• Users can also stake REAP tokens to participate in governance voting, material management and acquire rewards in the kind of REAP tokens. Users will go to their profile, pick “Staking”, enter the token variety with the time and pick “Stake $REAP”.

REAP token staking interface

OnTube

This is a new video sharing platform produced on Releap Protocol. Unlike YouTube channels, SuiTube lets consumers to make, deal with channels, and earn dollars as channel engagement increases. Additionally, SuiTube lets material creators to escape restrictive algorithms and develop a neighborhood all around frequent material interests.

OnTube

Discreetly

Quibbly is a query and solution platform wherever consumers collect and share expertise by suggestions from other folks. Here you can request about coding, daily life selections, globe occasions, and so on. To uncover large-high-quality discussions, particular query and solution subjects will be extra. Co-voted periodically and each the questioner and the particular person with the most effective solution are rewarded. Additionally, Releap Protocol’s hint function lets questioners to be rewarded for insightful solutions.

Discreetly

Highlights of the Releap Protocol

Give consumers management: Releap Protocol was produced with the target of breaking the centralized Web2 model wherever organizations like Meta and Twitter often deal with consumer material. From right here, consumers have complete management above their material with no getting managed by Releap Protocol.

Earn dollars right from published material: Unlike classic promoting versions, Releap Protocol lets consumers to right monetize their material. This guarantees that income goes right to material creators with no protocol intervention.

Content properties: Through the NFT profile, the Releap protocol guarantees that material creators have unique ownership of their material. They can promote ownership by transferring the NFT to somebody else for complete management of that material.

Sponsored Transaction (Sponsored Transaction): Releap App can subsidize in-app interaction routines this kind of as likes, reposts and remarks. This is deemed a aggressive benefit above other SocialFi protocols this kind of as Lens Protocol or Cyberconnect.

Content is stored centrally: Releap protocol contents are securely stored on the Sui blockchain, producing them significantly less vulnerable to arbitrary censorship. This offers material creators far more management and ownership above their material.

Basic info about tokens

REAP token allocation charge and routine

• Ecosystem Development Fund: twenty% is spread evenly above four many years with five% launched just about every six months.
  

• Community treasure: twenty% will be locked for one 12 months and distributed equally above the subsequent four many years.
  

• Wagering Rewards: twenty% with five% unlocked at TGE and distributed evenly above four many years.
  

• Development Team: twenty% will be locked for one 12 months and distributed equally above the subsequent four many years.
  

• Public sale: ten% is distributed equally above one 12 months, with twenty% unlocked at TGE and twenty% distributed equally each and every quarter.
  

• Strategic flip: five% is distributed equally above one 12 months, with twenty% unlocked at TGE and twenty% distributed equally each and every quarter.
  

• Round seed: five% is distributed equally above two many years, with 15% unlocked at TGE and 15% distributed equally each and every quarter.

REAP token allocation charge

REAP Token Allocation Program

What is the REAP token for?

REAP is the native token of the Releap protocol and is applied in the following circumstances:

• Users can bet on REAP to participate in material management on the platform and acquire REAP rewards.

• Users holding REAP tokens have the correct to participate in voting on platform governance selections.

Where can traders trade REAP tokens?

Currently, traders can trade REAP tokens on two CEX exchanges: MEXC and BitMart.

In which wallets can traders shop REAP tokens?

Investors can shop REAP tokens on Metamask, Sui wallet AND Backpack. For ease of transactions, traders can also shop REAP on wallets of exchanges that record this token.

Roadmap for improvement

Second Quarter 2023 (Completed)

Q3/2023

• IDO sale opened (Completed).

• Social Graph API launched.

• Launched the performance of displaying fascinating material for consumers.

• Collect the kind (Completed).

• Launch of on-chain voting perform (Completed).

• Tipping perform started out (Completed).

• DAO improvement.

Q4/2023

Development group

Prominent members of the Releap Protocol improvement group involve:

• Aaron P.: He is the lead contributor to the Releap Protocol.

• Kenny Tai: He is accountable for the technique of the Releap protocol.

• Will Huang: He is the marketing and advertising manager of the Releap protocol.

Investors

Releap Protocol has effectively raised $two.one million from investment money this kind of as GBV Capital, Big Brain Holdings, Shima Capital, Sui Foundation,…

Releap Protocol Investors

Company

Currently, Releap Protocol is collaborating with tasks inside the Sui ecosystem and…