What is phaver? Overview about SocialFi Web3 Phaver (great publish)

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7 Jan 2024

Phaver is a project within the realm of SocialFi Web3, offering a fresh user experience by connecting communities to the decentralized financial market.

What is a phaver?

Phaver is a Web3 social application designed for the permissionless and censorship-resistant ecosystem of the next-generation internet. Supported by Lens Protocol and CyberConnect, among other on-chain assets.

Phaver allows users to post and share content in the form of text, images, or videos with an interface similar to the popular X/Twitter platform. Users can link their login to the project using Web2 accounts such as Gmail, Facebook, Apple, etc., without requiring a crypto wallet. This aims to encourage users to transition gradually from the Web2 space to Web3. Additionally, investors can also log in and register using Lens Protocol IDs.

Phaver was launched in May 2022 and held a public sale event on Coinlist on May 18, 2023. According to the official announcement, as of September 2023, the app has reached over 250,000 downloads and dominates the majority of posts on the Lens Protocol platform. On January 5th, the project collaborated with Weirdo Ghost Gang to organize an event tripling the Phaver Cred rewards.

Features of Phaver

Once users create an account on the app, they can:

Publish and share posts on blockchain-based social pages like Lens Protocol. This increases the accessibility and interaction of people with the content.

Control their entire profile by creating and linking on-chain profile files to safeguard user data.

Display owns NFTs, enabling investors to access various potential trading opportunities.

Utilize multiple on-chain assets to prove the authenticity and credibility of participants.

Create community groups based on specific cryptographic assets and rules.

Facilitate direct transactions between wallets through XMTP.

Operating Mechanism

Integrating Lens Protocol

Phaver stands as the first mobile application pivotal on the Lens Protocol, enabling users to link their Phaver accounts with their personal Lens. Lens Protocol utilizes NFTs to establish online connections between users' profiles, followers, and posts. In other words, investors can leverage the available data on Phaver to interact with any application within the Lens ecosystem.

Users retain full autonomy over deciding whether to share content on the Lens Protocol or solely publish it on Phaver. Posts on the Lens Protocol are immutable, whereas on Phaver, they can be deleted or edited. Both methods enable participants to earn corresponding rewards based on real-time interaction levels.

Content Sharing and Management

The project aims to create a data supply suitable for everyone. This can be realized by granting access rights to personal data and other social platforms while rewarding users who create, manage, and curate content.

Content Type: Phaver supports original content and links to other posts on the internet.

Audience: Users can choose the audience for their posts, whether exclusively for followers or for everyone on Lens.

Premium Themes: The platform creates a mechanism for premium themes to enhance the quality of posted content.

Posting Mechanism: The project supports iOS and Android operating systems with a simple interface and user experience similar to many existing market applications.

Posting Rewards: Level 2 users receive 5 points, usable across 5 favorite user posts per day. Level 3 and 4 users receive 10 and 20 points, respectively. Staking token investors will have prioritized post visibility on the feed.

Mirroring: Mirroring allows sharing others' posts on personal profiles, similar to the retweet feature on X/Twitter.

Boosted Post Display: After the official launch of the token, investors can use the PHAVER token to stake, increasing the visibility rate of specific posts.

Earning in Phaver

Users can earn points by sharing content, voting on articles, or inviting friends to join. The project is planning to implement a point accumulation mechanism on posts to exchange for PHAVER tokens. This will tighten verification criteria to minimize fraudulent activities and artificial interactions. Additionally, Phaver Cred determines user levels within the app to unlock various premium privileges or monthly token conversion limits.