Description

Overview:

Phaver is a Web3 social app purpose-built for the permissionless and non-custodial ecosystem of the next-gen internet. Phaver app allows cross-posting and combining reach & reactions from Lens protocol and Farcaster, with potential to onboard any newly emerged platforms. It's upcoming native $SOCIAL token works as an integral part of its ecosystem.

To date, Phaver’s app has received more than +460k downloads and accounts for a majority share of Lens protocol posts and is the largest external app as well on Farcaster. Also, +250k wallets with a total value exceeding $200 million have been connected to Phaver Cred.

Raised funds are going to be used mainly to pay for the CEX listing fees, that is to be finalised in the next couple of days. Other investors include Dao5, Polygon Ventures, Symbolic Capital, Nomad Capital, Swissborg, ..

Additional data: https://phaver.gitbook.io/whitepaper-phaver

Positives:

• 380k monthly active users / 119k daily active users
• Decentralised social media might be the way to onboard more users to web3 and Phaver with already onboarded community might be the app that will benefit from it
• There is already many infrastructural projects being built in web3, but applications are lacking, Phaver might be fine example of usefull app
• Focus is on identifying high value users, based on their wallet history, holdings, NFTs etc. - DeFi protocols, NFT projects could target those users via paid promotions
• Plan to buyback and burn of the tokens from generated revenue, dual token model, gamification of leveling up and gaining the points, see details
• Extensive team (31 person), focus on expansion, promotions and marketing - 13 people
• In final discussions with TIER AAA exchange to be listed
• Strong backing and cooperations

Negatives:

• Lot of the activity on Phaver might be associated with airdrop hunting
• HIgh burn rate of the team - 200k USD/month
• Long vesting schedule of the tokens
• It is extremely difficult to onboard users to new platforms and accomplish retention, there is risk of a fail

Disclaimer

• • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
• • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
• • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
• • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
• • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
• • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.