CEX Daily Combo 14 December 2024

14. Dec 2024 Posted by Adeoye O. on Daily Combo

 

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"Social Media Meets Blockchain: Understanding SocialFi"
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1. What does SocialFi combine?
✅ Social media and decentralized finance

2. Why is SocialFi appealing to content creators?
✅ It allows them to earn directly without relying on ads

3. What is the main takeaway about SocialFi?
✅ It's where social media meets finance, letting users earn rewards

4. What technology powers SocialFi platforms?
✅ Blockchain

5. What makes SocialFi platforms different from traditional social media?
✅ Users earn rewards for their engagement

6. What is a major benefit of SocialFi?
✅ It lets users earn from their social media activity

7. What is one risk of SocialFi platforms?
✅ Token values can drop, reducing earnings

8. How can users earn in SocialFi platforms?
✅ By engaging with content, creating posts, or holding tokens

9. What is one way creators can monetize their content in SocialFi?
✅ Minting their posts as NFTs

10. What's a common challenge for SocialFi platforms?
✅ Earnings depend on the value of

11. What's an example of earning rewards on SocialFi?
✅ Posting content and receiving tokens as reward.

12. What does decentralization in SocialFi mean?
✅ No single company owns or controls the platform.

13. What does decentralization in SocialFi mean?
✅ No single company owns or controls the platform.

 

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