Last updated on October 23rd, 2022 at 12:37 pm
Davido EChoke social token ($Echoke) is the first attempt by an African artist to ride the trend of crypto as a way to benefit fans rather than just the traditional transactional relationship.
The new Davido $EChoke crypto-asset came after the success of his 250 million Naira social media trend.
I will link to the details of that trend below but for now, let’s discover some of Davido EChoke’s social token benefits for you the fans.
Or just maybe you decided to google search phrases like what are the benefits of Davido social token EChoke? Here they are:
- Access to free giveaways
- Access to NFTs
- Possible job opportunities
- Backstage passes
- Hospitality benefits (friendship
- Exclusive merchandise
Assuming you now know Davido EChoke token benefits, come let’s cover the details.
Yesterday Davido announced on his verified Twitter handle that he partnered with Bitsika Africa crypto platform to launch $EChoke cryptocurrency token.
According to the singer, he said that the idea behind the launch is to help fans around the world.
Davido who is one of the most popular musicians in Africa said that fans’ relationships with musicians are mostly transactional.
And that he wishes to change this and give the power back to fans in the form of this new $EChoke social token.
This way, fans can get easy access to giveaways, NFTs, backstage passes, new exclusive merchandise as well as making fans influencers.
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He further said that the goal is also to promote these influencers so that they can get the notice they deserve from executives in a boardroom meeting.
As a matter of fact, here is exactly how he carefully worded his sentences.
Happy to finally announce this thing we’ve been working on for a while. It’s the ‘Echoke Social Token’.
“Use the hashtag #EchokeForHere. Every day, millions of fans create value that is captured by a few execs in a boardroom. Not any more. We’re giving the power back to the fans.
I built this with Bitsika Africa‘s new crypto company Omegoat on the Binance Smart Chain (BEP-20).
“Make sure to follow them. The tokens will give you free access to giveaways, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media, and hospitality benefits.
In the spirit of democracy, we will not be selling the tokens to the public. We will release the tokens to the fans through periodic giveaways throughout the next 12 months. First giveaway on NOV 28th.”
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The slang Echoke came about in 2020 prior to the release of his album A Better Time.
It further gained popularity among celebs with some including the slang in their lyrics in a bid to up on the trend.
The slang means something that’s successful and drives your haters mad.
What Is Davido $EChoke Social Token?
Davido social token EChoke is a crypto asset that is backed by Davido’s brand. This means that it has authenticity, trust since the singer is a very popular public figure.
In the world of branding, social tokens are mostly crypto assets that are backed by brands’ reputability.
As such Davido who is currently one of the top richest stars in Africa is the first Nigerian superstar with such crypto asset which is looking to give back to fans.
The in-depth analysis of the official statement reveals that there will be only 2.5 billion $EChoke social tokens.
What this means is that no other $EChoke token can be created after this once it goes live just as in the case of bitcoin.
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Here is a distribution of the percentage of the crypto asset allocation.
- Public sale – 12.5%
- Private sale – 5%
- Team ownership – 35%
- EChoke Foundation – 10%
- Product & marketing – 5%
- Partnerships – 15%
- Giveaways / Faucets – 7.5%
- Community Treasury – 10%
Another important piece of information from the official statement is that this is a cryptocurrency built on the Binance Smart Chain.
Another factor that highlights its trustworthiness and the ease of access to Davido’s fans 30BGs all over the globe.
Davido’s partnership with Bitsika Africa is turning out to be one that’s profitable.
Sometimes last year, the singer said f**k endorsement, own part of the company which is more profitable long term.
The new EChoke social token will help give fans access to hospitality and several other benefits.
It’s over to you now!
Do you believe that the new Davido EChoke social token built on the Binance Smart Chain will truly give fans what it promises?
Leave a comment below with your thoughts and I will be sure to follow up with you.
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