SocialFi on Solana and Bulb's Angle in All of It

SocialFi as we know it, blends social media (SM) and decentralized finance (DeFi), in an attempt to render users custody and ownership of their content in a decentralized world.

This is a thriving trendsetter on the Solana Blockchain due to its high throughput, minimal transaction fees, and scalable infrastructure.

Solana has been known to process thousands of transactions per second at costs well below $0.0025, making it ideal for SocialFi apps needing frequent microtransactions, such as tokenizing social interactions or rewarding user engagement.

It is this unique feature of Solana that enables platforms to monetize content creation and user activity while maintaining speed and affordability, unlike slower or costlier blockchains like Ethereum.

This is where the Bulb app draws it's strength to build as a Solana-based SocialFi platform with its "Write-to-Earn" & "Read-to-Earn" model
Rewarding users for creating and consuming content, something they do regularly on other apps for absolutely free.

Built solely on Solana’s efficient infrastructure, Bulb app ensures seamless, low-cost transactions, fostering an engaging creator economy.

Unlike competitors like Friend.tech, which struggled with creator retention, Bulb incentivizes sustained participation through its token-based rewards system and community-driven governance.

The Bulb app's focus on user empowerment and equitable monetization, combined with Solana’s performance, positions Bulb as a leading SocialFi platform.

Another thing worthy of note is the Bulb app incorporates a token burn mechanism of their $BULB token inorder to reduce supply and enhance value.

This regular burns is scheduled to remove $BULB tokens from circulation, often tied to platform activity like content creation or transaction fees.

This deflationary strategy aims to increase the token scarcity, potentially boosting token value and rewarding long-term holders.

The burns are transparent, recorded on-chain, and align with Bulb’s community-driven model, fostering trust and engagement within the community.

With this discovery, I see the Bulb app strategically positioning for the long-term SocialFi growth and they're are doing it on the Solana Blockchain.