The Echoke Social Token cryptocurrency is created by Nigerian-American Afropop singer and philanthropist Davido that will be used to provide value to entertainment and hospitality consumers.
What is ECHOKE Social Token?
$ ECHOKE Social Token is a Binance Smart Chain-based cryptocurrency (BSC BEP-20). Giveaways, NFTs, festivals, special goods, and other entertainment, media, and hospitality incentives are all available.
Why was $ECHOKE Social Token developed?
To transform spectators into influencers and stakeholders in the entertainment and media industries.
Read Also : Echoke Social Token Launched by Davido
Year after year, the worldwide entertainment market expands. Entertainment and media, on the other hand, are multibillion-dollar industry controlled and owned by a small group of people at the top. Why is the $ECHOKE Social Token being developed? On the other hand, because of the current incentives, fans who develop or promote material for these companies do not gain. The majority of the money goes to corporations and a select few, while fans are treated as mere spectators. We want to turn millions of music and entertainment lovers from spectators to influencers and decision-makers by using $ECHOKE tokens to power our ecosystem.
The idea embraces bitcoin and blockchain technology as a powerful tool for empowering active fans and transforming them from passive observers to active promoters of the music and entertainment industries.
$ECHOKE Social Token opportunity
For the most part, the present entertainment industry offers a transactional relationship with fans. Fans pay to listen to music, attend concerts/shows, and purchase items with no expectation of receiving anything in return. While attempts to promote direct fan participation have been made, the results have been largely disappointing. Cryptocurrencies have made it possible for fans to own the value created by their communities. Early investors and hodlers can acquire tokens and profit from early access to become big players as the ecosystem expands when communities are established from the ground up with tokens. $ECHOKE is based on a similar philosophy and is intended to reward early investors and hodlers.
The $ECHOKE tokens Innovation
$ECHOKE collaborates with musicians, festivals, streaming apps, fintechs, parties, hotels, clubs, and other businesses to provide freebies and discounts on their products and services. $ECHOKE tokens are supplied to these partners in exchange for gifts and unique discounts on services. High-level stakeholders in the entertainment business will have $ECHOKE tokens. They could be die-hard admirers of a musician, regulars at a party series, heavy users of a streaming program, or a combination of the two. These consumers will receive more benefits for less money thanks to the discounts and giveaways offered to them.
This entire process is made feasible by the use of a scalable, blockchain-based token with purchasing and utilities infrastructure implemented via a secure, trustless smart contract on the Binance Smart Chain (BSC) network. The amount of $ECHOKE tokens that will be distributed is limited, and as holders become more rewarded, we expect more people to desire to buy them. Holders of the token will be more likely to use the services of their partners, which will drive the use-cases.
Who created $ECHOKE Social Token?
Omegoat launched the $ECHOKE token and collaborated with African pop superstar Davido as our first partner. We wanted our first partner to be a well-known media and entertainment brand with a loyal following of young Africans and a thorough understanding of the entertainment sector.
How to Buy ECHOKE Social Token?
You can use your trustwallet to purchase ECHOKE Social Token on Binance Smart Chain.
On the Binance Smart Chain, $ECHOKE Social Tokens are BEP-20 tokens. They can be kept in any BEP-20-compliant cryptocurrency wallet. We’ll show you how crypto beginners can keep their $ECHOKE tokens safely for later usage in this article.
Echoke Social Token Contract Address: https://bscscan.com/address/0xd8c60067154bc4d5499c31c48883710d88c141b2
- Download Trust Wallet. It’s a simple mobile wallet that supports a variety of crypto networks, including the BEP-20 network that we will be using here.
Download for Android: click here
Download for iOS: click here
If you’re totally new to crypto, watch this video to learn how to install the app, create a wallet and keep your coins safe away from hackers: click here
- $ECHOKE tokens are shared in a series of giveaways on the Omegoat website. So you need a wallet to receive your tokens on. On the app’s main page, press the ‘receive’ button to find the address you will be receiving your $ECHOKE tokens on.
- You’ll be taken to a search box where you can search and choose from a long list of network addresses to send crypto coins to. Like I said at the beginning of this post, $ECHOKE is a BEP-20 Binance Smart Chain token. Search the page for ‘Smart Chain’. You’ll be given a result like the one in the picture below. Click it.
- You’ll be taken to the wallet address page where you will see your BSC BEP-20 address and a corresponding QR of the address. This is the address you must provide to our website when claiming your tokens in the giveaway. BSC addresses begin with ‘0x’.
- Any $ECHOKE tokens (or any BSC BEP-20 tokens) you send to this address are stored there permanently until you transfer it to another address.
- Because $ECHOKE is a very new token, it might take up to an hour after receiving your coins for them to appear on Trust Wallet. Nerds can always search their wallet addresses on https://bscscan.com/ to instantly verify that their tokens came through.
- To make your tokens appear immediately after sending it to Trust Wallet, you can manually add the $ECHOKE token to Trust Wallet’s list. On the app’s main page, click the ‘receive’ button and search for ‘Echoke Social Token’. Of course nothing will come up. So click the ‘Add custom token’ button.
- You’ll be sent to a form where you can enter the details of the ‘Echoke Social Token’ to add it to your Trust Wallet list. Select your network as ‘Smart Chain’.
- Copy and paste our contract address in the ‘Contract Address’ box. Ours is…
When you paste it in the contract address, the form will automatically fill up all the other details for you. Now ‘Save’ the form.
- You will now be able to see the $ECHOKE tokens immediately when you send them to your wallet.
- Because you own the $ECHOKE tokens on your Trust Wallet, you can also transfer them out of your wallet at anytime. All you need is a little bit of BNB as gas money. Luckily for you, we send a small amount of BNB with every single $ECHOKE giveaway reward.