Solcial is a permissionless social network on the Solana blockchain. Solcial allows anyone to share content in an open way, and rewards users and content creators in a fair manner. On Solcial, there are 3 subscription levels: Users can follow someone for free (Tier 1) to access their public content (similar to Twitter or Instagram), and to access their private content (what is called Tier 2 and 3 subscriptions) users need to own their token, to be an investor in them.
User Token
On Solcial everyone has their own token, with their own price, and market cap. Every user begins with a token price of $1, but this changes as market demand either increases or reduces your price.
Solcial also introduced the "invest to subscribe" model: when you buy the token of someone, you not only invest in them, but you also subscribe to their private posts, only visible to their token holders. These subscribers are tiered based on the amount of tokens you hold.
$SLCL
The SLCL token is the utility token of the Solcial with three functions:
1. As a governance token, to vote on the DAO for future decisions about the platform
2. To have a discount on trading fees
3. Users will need SLCL to buy the token of anyone. Even if the platform displays every user token's price in USD, the quote currency is always SLCL.