Web3 social platform /Reach aims to ‘fix Crypto Twitter’ Web3 social platform /Reach aims to ‘fix Crypto Twitter’
The new platform is designed to authenticate users and repel the countless bots and scams that circulate on X, formerly Twitter.
2 min read
Updated: Dec. 19, 2023 at 7:06 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
/Reach, a web3-focused social platform designed to “fix Crypto Twitter” and powered by the Reach token, went live on Dec. 18 after the completion of a beta phase that onboarded around 6,000 users, according to a statement shared with CryptoSlate.
/Reach platform
In recent years, the crypto community has expressed growing concerns regarding the abundance of bot accounts on the microblogging platform X (formerly Twitter). These bots have adversely affected projects and have been linked to financial losses due to their orchestrating phishing campaigns. Community members have also highlighted other key challenges on X, including fake followers and subpar engagement levels within the social media platform.
/Reach is attempting to tackle these challenges by introducing a protocol enabling a unique integration between Discord and X. This integration empowers Reach users to promote their content to a vetted user base while receiving due compensation.
Co-founders L’anamour and 8an emphasized the necessity for /Reach, explaining that X/Twitter is the global hub for the crypto community. However, its platform, algorithm, and the proliferation of millions of fake profiles remain a persistent source of frustration for individuals and businesses.
According to the founders, their new platform is “a fit-for-purpose protocol” built to solve the engagement issues and bot problems associated with the platform.
Interestingly, the platform attracted funding from influential crypto personalities such as Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, and Mooncat2878. These investors had previously been involved with platforms like Blur, LooksRare, SuperRare, and NFTNow.
Seedphrase, an investor and advisor to /Reach, lauded the new platform’s ability to foster a collaborative environment beneficial to creators and contributors.
Reach token
The Reach token, boasting a total supply of 100 million, currently exchanges hands for $$0.113241, with a trading volume of around $3 million, per Coingecko data. Since its launch, the token has peaked at $0.136887 before retracing to its current value.
/Reach outlined multiple uses for the token. It can be used to create missions to boost project engagement, participate in the platform’s revenue-sharing program, and serve various purposes on Discord for token holders.
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Posted In: Technology
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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X (formerly Twitter) is an American social media company based in San Francisco, California, that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year.
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