Platforms Supporting Social Tokens
Social tokens, often categorized as altcoins, are predominantly built on blockchain technology and can be found across various platforms. Here are some primary platforms that support social tokens:
- Ethereum: The leading platform for creating social tokens utilizing ERC-20 and ERC-721 standards. Most social tokens, such as $RLY and $ALEX, are based here.
- Binance Smart Chain (BSC): Offers lower transaction fees and faster confirmations, making it a popular choice for new social tokens to launch.
- Polygon: A Layer 2 solution on Ethereum that enhances scalability and reduces costs, some social tokens are emerging on this platform to provide better user experiences.
- Solana: Known for its high throughput and low transaction costs, Solana is gaining traction for social tokens as developers look for alternatives to Ethereum.
- Tezos: Encourages a more energy-efficient approach to blockchain creation, with some social tokens developing their ecosystems here.
These platforms enable creators and communities to issue and trade social tokens, empowering greater engagement and monetization within various digital environments.