Sanctum’s Creator Coins: Monetizing creativity with LST’s

Tired of pump-and-dump schemes and volatile creator tokens? Sanctum’s Creator Coins are here to revolutionize the way we interact with our favorite creators.

Sanctum’s creator coins offer a stable, sustainable and permissionless platform that enables creators to easily monetize their content and stay connected to their community. Unlike the chaotic and unreliable platform Friend Tech , Sanctum offers a reliable income stream where coins are backed 1:1 with SOL and operated as LSTs that yield value as supporters and dedicated fans hold coins.

Imagine a world where your favorite influencers, artists, and thought leaders can earn a consistent income from their dedicated fans without relying on volatile token prices or monthly subscriptions. These coins will make this a reality.
Creator Coins seem much more like it’s for artists and influencers only, but with sanctum’s definition of creators it also includes anyone who creates value in the world.

The system is designed to be inclusive, allowing not just traditional content creators or influencers, but anyone who delivers value in any form to benefit. This includes artists, entrepreneurs, community leaders, or even individuals working on physical products or services.

But it’s not just about the money. These coins can foster deeper connections between creators and their communities. By holding a creator’s coin, you’re not just investing; you’re becoming a part of their journey.

Sanctum wants to change how people think about cryptocurrency. Instead of seeing it as just a way to make quick money, they want to show how it can be used to create real-life utility. The company aims to move beyond the perception that crypto is just about trading “shit coins” and instead focusing on ways to spend, save, and create tangible value. This approach, I believe will let people see cryptocurrency as more than just a risky gamble.

Think about the possibilities:

Exclusive content: Creators can offer behind-the-scenes glimpses, early access to new work, or even personalized experiences to their coin holders.

Community perks may include joining exclusive Discord channels, getting discounts on merchandise, or even voting on future projects.

Also there’s a chance for real-world impact where creators can use their coin to fund charitable causes like the case of Bengshark who used creator coins to fund free medical tests and medication in Surabaya, With healthSOL he’ll be able to give people free blood tests and medications to catch diseases early. By holding healthSOL you can help grow a global network of clinics, saving lives around the world.

Think about a system where Instead of giving one-time grants, the foundation could invest in creators or community members who contribute to the ecosystem. These investments could be made through staking, which allows the foundation to earn rewards while supporting the community. If a creator’s contributions stops or they are becoming net negative then you simply stake the assets elsewhere.

A platform like Twitch could use these coins as a subscription model where rather than subscribing, you simply just hold 1 creator coin that is just an LST for an underlying asset the user already holds. This could even be a re-staked USDC token for example and could offer benefits like ad-free content or exclusive perks. Similarly, newsletters could offer gated content to holders of a specific creator coin.

Sanctum’s creator coins will basically allow creators to monetize their work without relying on pump-and-dump schemes or giving users expectation of profit. It focuses on attracting genuine fans who appreciate the content, rather than those solely interested in financial gains. This aligns with the PPP (Player Pump Player) vision.

The real users you want if you’re trying to grow a brand are probably not the ones there to make money. It’s the ones who are there because they enjoy your content.

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Creator coins sounds bullish to me

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Yeah agree with this point, it can extend further to subscriptions for any form of media, newspapers/video subscriptions, heck even movie subscriptions! The possibilities are infinite!

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I strongly agree with the point of view of the article, which is why this project is so attractive to our community.
If there can be a more stable and credible mechanism that can help us maintain community operations, it will be easier for us to promote our product content.
It can effectively avoid the high-risk problem of community token investment when new users join.
When we address these risks, communities become more harmonious and everyone wins

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I am so excited to see what people do with Creator Coins.

I can envision a way more sustainable Friend Tech based model being built on top of Sanctum. The problem with a lot of historic “celebrity” or “influencer” coins is that the earning takes place entirely upfront and there is no incentive to keep building or delivering.

The same was true for NFTs.

I think Creator Coins can buck this trend as they reward consistent delivery over a prolonged period of time.

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