introducing squads
what is squads?
Squads is a web3 platform that allows fans to connect with their favorite creators by purchasing coins that entitle them to exclusive, personal experiences like 1:1 chats, merch, and behind-the-scenes content.
As a creator’s fan base grows, so too does the value of their coins, further rewarding their fans.
we are building a future where artists get paid for building genuine fan communities and fans get rewarded for supporting artists
our founding creators
creator platforms should be creator governed and creator owned. Here are some of our owners:
how do we profit?
We take 10% of proceeds from newly minted coins and 2.5% of proceeds from trades. All coins in the Squads app are owned by individual users and majority of earnings in app are made by creators and fans.
artist proceeds
Creators make 90% of the transaction value when fans buy their newly minted coins and 5% when fans trade their coins. They also get an opportunity to connect and give back to their super-fans.
coins are minted based on a bonding curve to supply the right amount based on a creator's popularity. see proposed smart contract here.
art as a patronage model
creators make more money in a more appealing way by connecting directly with super fans instead of running ads
real-life experiences
fans don't just get additional content, they get to chat directly with creators, meet them in person and have once in a lifetime experiences
accessible for all
non-crypto natives can buy coins using Apple's in-app payments and then discover the importance of decentralization and community ownership over time
our mission: revolutionize the way artists are paid to reward them and their fans for creating and supporting art