Bitcoin has had an absolutely phenomenal week increasing more than 15%. But, unlike the previous moves seen throughout the rise and fall from $63,000, Bitcoin isn’t bringing anyone else significant along for the ride right now. Ethereum hasn’t moved much all week, and aside from DOGE meme coins and something literally called “Magic Internet Money”, everything has broken their previous Bitcoin correlation in this week’s rally. It’ll be interesting to see how long this will hold for and where profits will be moved if Bitcoin crosses over $63,000 and begins moving to $70,000. Getting into this week’s review, we’ll be looking at a social networking platform, designed to help develop and monetize a creator’s value called Rally.
Introduction
The Rally Network enables creators, artists, celebrities, communities, and brands to launch their own social tokens and NFTs. Rally leverages blockchain technology to offer creator communities a new form of support that removes the need for any third parties. With Rally, creators will be able to issue their own fully customizable, branded cryptocurrency called Creator Coins that represents their unique digital brand to provide value and utility to their fans. Creators will then have access to an easy-to-use blockchain toolkit powered by Creator Coins enabling them to create scarce collectibles, content, and loyalty programs within a healthy tokenized economy. Rally works great as both a fundraising tool for community driver projects to raise capital as well as those who wish to tokenize and monetize their existing community to incentivize moderators, editors and publishers. With no crypto knowledge required to create a Coin, anyone can buy Creator Coins within minutes using just a credit card. With Rallys ability for coins to be integrated into apps across the web, Rally hopes to create endless use possibilities within the creator ecosystem.
Starting out on Rally is extremely easy for anyone. Like most websites, all that’s required to get started is an email address. Users can also choose to sign up using their existing Twitch accounts and streamline the process even further. Rally works just like you might expect it to with the ability to buy Creator Coins in support of your favorite influencers. Just for reference, say, you’d like to support Buffy the Vampire Slayer and Writer of The Guild Actress Felicia Day and her GEEX token. Rally allows you to buy GEEX through your Coinbase Commerce account or a Debit/Credit card. Users can send and receive Creator Coins from each other on the platform as well as convert them into the foundational RLY token. Community Activity Rewards are an incentive designed to reward Creator communities who actively take part in the Rally Network. Communities earn rewards based on activity involving their Creator Coin. When rewards are earned by a community, RLY will be rewarded to the community. For each community that earns rewards, each participant in a community will receive a share of RLY proportional to their holdings of that community’s coin. A system where the creator, as well as fans, directly benefit. When more Creator Coin exists for a specific community when compared to previous amounts, that community will earn a part of those Community Activity Rewards. Simply by owning and holding a community’s Creator Coin, fans can help earn rewards…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
