Project Name: SoulMeta
Project Track: Web3
Team Name: SoulMeta Team
Team Member(s): 18
DevPost URL: SOULMETA | Devpost
Project Goal: SoulMeta aims to build a true Web3 SocialFi platform through blockchain technology, enabling users to earn money by socializing. The platform currently does not directly provide a chat function, but provides users with an opportunity to establish social relationships with strangers by combining the NFT blind box function.
Project Info:SoulMeta_Whitepaper_EN.pdf (3.5 MB)
Project Repo/Website: SoulMeta Repo/SoulMeta Website
Project Details: [Details of your project. Feel free to add any photo or video reference]
According to statistics from Statista, the global online stranger social market has increased year by year since 2017, reaching US$6.6 billion in 2020. Among them, North America and Europe are the main markets, accounting for 23% and 22% of the global online stranger social service market in 2020, respectively. According to Statista data, the global online stranger social market will reach about $10 billion in 2025.
According to the “Survey Report on Social Concepts and Social Relationships of the Post-95s”, over 80% of the surveyed users regard social software as an important way to expand their personal circles.According to data from the Mob Research Institute, among the born groups from 1995 to 2010, 56.4% of users prefer socializing with strangers compared to the masked and utilitarian social circle of acquaintances. The needs and pain points do exist.
Since a large number of celebrities and sports athletes have issued personal NFTs in the second half of 2021 and sold them in Opensea, more and more ordinary people hope to obtain possible benefits through trendy encrypted works such as NFTs, especially in the global epidemic environment. As Japanese actresses, industry celebrities, models, sports and entertainment stars have begun to participate in the minting and sales of NFTs, this market is gradually moving towards a wider group of ordinary people. However, the current market threshold for blockchain NFT minting and marketing is a certain threshold for ordinary people. SoulMeta tries to help ordinary users to join the NFT nuggets trend with the least cost and the lowest threshold through the simplest humanized interaction operation.
What it does
SoulMeta is a stranger social relationship platform created on the BNB Chain with blockchain technology. The platform itself does not provide a chat function, but provides opportunities for social relationship building. Users can mint a large number of NFTs at low cost with their own photos and contact information and put them in the smart contract pool as a blind box. Other users can obtain photos and contact information of strangers by purchasing blindboxes,thereby forming a social relationship between strangers.
What problem we are trying to solve
In the face of the great potential of the stranger social market in Web3, SoulMeta will focus on the establishment of stranger social relations, the biggest pain point of current social interaction. At present, most SocialFi blockchain projects focus on how to enrich the functions of decentralized social networking through blockchain technology, in an attempt to attract users through its functionality. However, the lack of social networking in today’s society has never been a tool, and the social software developed based on the current level of development of blockchain technology, whether in terms of performance or richness of functions, it is far from being comparable to centralized social software.
The main participants of the SoulMeta platform are blind box minters, blind box buyers, and referrers. Blind box minters can pay 4USDT to mint their contact details and photos into 100 blind box NFTs and inject them into the smart contract pool. If a user obtains the minter’s contact information by purchasing a blind box, the minter will receive a 25% commission reward, which is 1USDT. If the minted 100 NFT blind boxes are all opened by other users, the mint will get a total of 100 USDT. Blind box buyers can purchase a blind box by paying 4USDT. After opening, the purchaser can randomly obtain a minter’s contact information, and can gain 1 SOUL token through SoulMeta’s transaction mining mechanism at the same time. The platform referrer can recommend other users to participate in the social networking of the platform through the invitation code. Whenever the referred user mints or opens the blind box, the referrer can get a 25% commission reward.
SoulMeta does not require users to complete KYC authentication, it will be a truly decentralized SocialFi application. Users can earn USDT income by minting their own NFT blind box on the platform, and can also earn Token income by opening the blind box.
For each blind box sale, 25% of the revenue will enter the public reserve contract pool. When the SOUL Tokens are destroyed to 100 million, the USDT in the contract pool will be released to the users who hold SOULs.
As long as you mint your own social NFT blind box, you can get an exclusive referral address, recommend others to participate in minting, and get a 12.5% sales commission for each minting and purchase.
All SOULs are mainly generated by purchasing blind boxes, and each blind box sale will generate 1 SOUL to the buyer. Neither the development team nor the organization has SOULs, and 15 million SOULs are locked in the contract. Only when the team assists in completing the destruction of SOULs to 100 million will this part of the reward be released. This will ensure that the team can continue to focus on the platform and benefit with all Token holders.
CryptoD.Frog NFT(Backed by real value)
CryptoD.Frog NFT is a kind of equity NFT with actual value support initiated by SoulMeta stranger social platform. This kind of NFT not only has the characteristics and artistic value of the common avatar NFT, but also represents the dividend right of the income generated by the SoulMeta platform. The total amount of CryptoD.Frog NFT issued is 10,000, each of which will hold 1/10,000 of the equity of the SoulMeta platform. At the same time, since SoulMeta is expected to launch its mirror version on 9 NFT-enabled blockchains, this NFT holder will enjoy the benefits of mirror versions on other blockchains as well.
SoulMeta has established a reserve pool in a decentralized way. Every time the blind box is minted or opened, 25% of the revenue will go into the public reserve contract pool for reserve. The algorithm destruction mechanism refers to the fact that blind box minters can increase the probability of their own NFT blind boxes being opened by burning SOUL tokens during minting. The total issuance of SOUL token is 1 billion. When the SOUL token is burned and destroyed to only 100 million, the USDT in the reserve contract pool will be released to users who hold SOUL token. Each CryptoD.Frog NFT can receive 1,500 SOUL tokens locked in advance through the smart contract when the SOUL destruction target is reached. According to the official destruction mechanism, the floor price of each SOUL token will be greater than $9 at that time.
According to SoulMeta’s official document description, each time the NFT blind box is opened or minted, 0.8USDT or 1.2USDT will be injected into the dividend pool of the CryptoD.Frog DAO respectively. Each CryptoD.Frog NFT holder can receive the SoulMeta platform’s blind box sales dividends from the CryptoD.Frog DAO in real time through the number of NFTs they hold.
Accomplishments that we’re proud of
Ranking TOP 2 at Top Minted Collections On BNBCHAIN(June)
More than 5,000 users have participated in the SoulMeta public beta.
An average of 2,000 Unique Active Wallets (UAW) connected to SoulMeta minted or opened blind boxes more than 25 times in May. More and more people are building social connections through SoulMeta.
Official website: http://soulmeta.io/
SoulMeta Public Dividend Pool is open! Twitter Announcement
SoulMeta Character customization is online! Twitter Announcement