Web3 adoption grows daily with innovations that open users to real-world interaction. Users with the right information are connected to more opportunities that increase their daily rewards in the web3 space, however, #SocialMining information is still a discussion that needs clarity so that more people can benefit from the great opportunity that is locked up in that ecosystem.
Social Mining, Open Source For Crypto Rewards
Social media mining is not just about gathering and collecting information, it's about the use of information gathered to make informed decisions and drive actions. This process is a game-changer for various sectors of a business and users connecting and interacting on this radar are highly rewarded.
TON Network as Case Study
TON, a decentralized and open internet created by the community using technology designed by Telegram sealed up a partnership with #DaoLabs which birthed TON Hubs, a Social Mining platform dedicated to TON ecosystem growth and community building. The hub rewards every registered user's work with TON points which is then converted to $TON. The concept of Social mining with DaoLabs started with the top-ranked blockchain in the industry but until 2022 (when the document was released with the DAOVERSE), social mining understanding looked complex for many Web2 users.
How Does This Work?
The TON Hub is based on the Twitter (X) program. This is an automated social media marketing tool that allows eligible social mining users to earn just by promoting every TON announcement through the user's X(Twitter) account. To enjoy the rewards of promoting for TON as a freelancer, there is a need to register and connect your Twitter account to TON Hub.
Key Note: Impression on your content, right mention and approved hashtags re the incentive mechanisms.
The mining reward is not complicated due to the arrangement in place. Social miners in DaoLabs are +20,000 and daily they promote different projects that connect with DaoLabs collectively, this increases the visibility of such projects (TON a case study) and gets points in return.
Social Mining Advantage
The advantage of social mining is in two forms.
1. To Business Using It:
This helps businesses understand the sentiments of customers better.
It provides real-time insights into public opinions and increases brand awareness.
To Individual
Job creation and employment opportunities are the number one advantage.
Social Mining Challenge
It looks like everything is perfect with Social mining however, some factors affect the growth of this idea:
Single Data Source: The majority of projects use Twitter to collect data due to user engagement right there, but gathering data from multiple sources offers unique insights and a combined view that can provide a more comprehensive understanding. We have seen DAOLabs using Reddit.
Spammers: Due to the open-source system that the majority of social mining platforms engage in, there is a lack of control over their users. DAOLabs from time to time, double-check their user's activities and sanction anyone that goes against their terms and conditions.
Starting your journey with Social Mining is open to anyone interested and you can unlock great opportunities from there through the project you promote. Study more about social mining and drop your questions if there are any.
