🎙 SocialFi Project: FreeCity Launches 1 Million Token Airdrop 🪙

7 min readSep 3, 2022

SocialFi track is winding up. Have you seen the SocialFi project that is about to have a million airdrop?

The decentralized SocialFi applications which combined Social and Finance from the beginning are more in line with the Web3 core than the Web2 applications that deliberately cater to trends and are not thoroughly reformed. With social platforms such as Twitter, Facebook, Reddit and others frequently stepping into the field, this track has gained unprecedented attention and more and more users are trying out and stopping by SocialFi applications, a phenomenon that is on full display with FreeCity.

FreeCity is the world’s first social interaction application with the theme of Web3 virtual city. It will launched on the Ethereum Network with Socialfi and NFTs as the core

products, and it creates a social platform based on Web3 voice social rooms and personalized 3D virtual character image display for global users. The vision of FreeCity is to transform the all social interactions from crowd-based to Web3 token based city.

Players will engage in the virtual audio chat platform with various ways:

● Use 3D avatars to be identified in FreeCity

● Use microphones to earn tokens

● Use land plots to interact on the platform

“Chat-to-Earn” mode

FreeCity has the only voice chat platform in the Web3 world that implements the concept of “Chat-to-Earn” around the basic daily activity of most people — social voice chat. Users equip themselves with NFTs in the form of a microphone, and by joining the diverse voice room chats in the city building. They can earn tokens $FCR, which can be earned, used and cashed in for profit throughout the game, such as buying gift NFTs (anchor gift NFTs). The more attributes the NFT has, the more the player can gain and the higher his status in FreeCity.

For the sustainability of the project, FreeCity closes the economic loop through a simple tokenomics design that maintains the payback cycle for players at 3–6 months. It maximizes the value of all token holders, and creates a steady stream of new scenarios for global users.

FreeCity wants to treat players in a fair manner. Players who perform actively will earn the right to manage governance tokens for the platform, which can be used to govern and shape the entire city. Importantly, the huge volume of Web2 users will also have free access to the game without a threshold and will not need a wallet to use the product.

FreeCity has the nature of a social network and a revenue generating platform. Unlike traditional social interaction platforms, FreeCity combines an ecosystem of social interactions with blockchain technology to operate a city-wide asset and economic system that ensures the security and decentralized governance of player assets. Users can “Chat2Earn” while enjoying the benefits of the platform and allowing them to interact and earn rewards in the city. It represents real market value because it has one goal — — to become a better version of yourself in the virtual world.

Governance Token-$FCC

FCC is FreeCity’s Ethereum Network governance token, minted in a total of 10,000,000,000 pieces. FCC holders can pledge their tokens, play games and participate in related governance polls, where they will be rewarded. Players can earn FCC by playing a variety of games and completing various tasks in FreeCity.

FreeCity is like a city built on a chain. It organizes “on-chain citizens” in the form of a DAO and builds a city with SocialFi as a “pillar industry” based on a mechanism similar to the city’s legal convention. The city will be able to provide security for the “citizens on the chain” who join. Holding FCC is like owning a limited amount of “land”, and the revenue from the development of SocialFi industry in the city will be continuously returned to the “land”.

Create self-social value in the Web3 era

In this free city, socialization is at its core, while 3D avatars, financial lands, financial microphones and NFT marketplace are the tools for players to show their social value. Players create consensus, content and value in the city, rather than just having a simple experience. The vision of FreeCity is to see the social value of players as the “power” of the platform. Players who demonstrate their social value will produce governance tokens for the platform, which will be used for governance, customization, and minting of the entire city.

FreeCity is dedicated to building a consensus universe based on 3D virtual image and virtual city as a platform. It is dedicated to replacing real social with digital social and shifting social influence from crowd-based to financial and tokenized future cities. It innovates the social model of Web3, promotes the gradual transformation of Web2.0, and completes the transfer of social players from Web2.0 to the world of Web3.0.

Latest project developments

1. FreeCity has recently completed the VS NFT campaign. Violent Squirrel is the personification of fierceness, and VS is a collection of 5000 Violent Squirrel NFTs, with more than 100 forms, stored in Solana. With this VS NFT campaign, we are more confident to become the Yalla of the Web3 world. (link: https://www.free-city.io/mint).

2. NFT passcard with Web2.0 giant company Facebook will come soon. In the web2.0 world, we need to do all kinds of membership cards, which are the symbol of identity. Web3.0 world is hidden for the real identity. How to prove your identity? NFT becomes a good medium. FreeCity NFT passcard users will enjoy the top benefits and quality information brought by the community.

3. FreeCity APP has entered the final stage of optimization. The internal test quota recruitment will be opened soon, please continue to pay attention to the official Twitter and community information.

4. FreeCity and Ethereum Network have been working very well together and are expected to reach a deep strategic partnership.

The future is here

With increased awareness and the advent of the Web 3.0 era, SocialFi is well positioned to build more imaginative protocols. As social networks evolve from Web 2.0 to Web 3.0, social needs to be combined with blockchain and social participants need to truly own the data and benefit from it. SocialFi becomes one of the gateways to the Web 3.0 world.

FreeCity operates with content, social and DeFi as the core economic system and a decentralized organizational structure as the pillar. A complete ecosystem is being built and is showing unique trends. FreeCity was born with the intention that “humans will always find the most efficient way to maximize social capital”.