8. Economic Model

The Wealth Message economic model involves two different NFTs: Wealth NFT and Fortune NFT. The number of Wealth NFT is very scarce, only 108, and it is designed to help create personal IP on the platform. The number of Fortune NFT is relatively large, with a total of 10800. NFT holders can enjoy some special treatment in Wealth Message, such as NFT holders can post once for free, Wealth NFT likes once for free per year, and Fortune NFT likes one time a day. Posts will be ranked according to the number of likes. Users who like at the same time will have the opportunity to get a red envelope from the creator. In addition, 40% of the platform income will be distributed to Wealth NFT holders, 40% will be distributed to Fortune NFT holders, and the platform will earn 20% . The economic model is mainly divided into four parts, creators post, supporters like, creators red envelopes and platform dividends.

Creator posted:

Creators are the main creators and content providers on the platform. Every ordinary user needs a certain fee when posting, while users who own NFT can post once for free. At the same time, the platform will rank all creators according to the number of likes, and recommend high-ranking creators to users to increase their exposure. This is very valuable for users who want to build their personal brands.

Supporters like:

Supporters are likers and contributors on the platform who can support creators by liking posts. Every like needs to consume a certain amount of USDT. Users with Fortune NFT has one free like per day, while users with Wealth NFT have one chance to like each year, and there is no free likes per day. However, users who hold Wealth NFT have a higher degree of identification on the platform. This is because the scarcity of Wealth NFT enables users who own it to have a special identity authentication and social status, and this special identity authentication will also give them higher IP influence. When a Wealth NFT holder likes or publishes content on the platform, his likes and content will be automatically recognized as a personal IP with high influence, and will gain more exposure and promotion on the platform. Such exposure and promotion can not only help users better build their personal brands, increase their influence and appeal, but also gain more benefits and resources on the platform.

Creator red envelope:

Supporters have the opportunity to receive red envelopes from creators. The amount of these red envelopes is random, which can bring more suspense and surprises to platform interactions. At the same time, this can also motivate more users to actively participate in likes and interactions. This interactive mode can not only bring more fun and vitality, but also help creators build better social relationships, increase fans and loyal readers. In addition, through creator red envelopes, the platform can better attract more high-quality creators and users, thereby continuously improving the quality and reputation of the platform.

Platform dividends:

Platform dividends are an important part of this economic model. According to the like income, the platform distributes 40% of its total income to Wealth NFT holders, and 40% to Fortune NFT holders, so that users who hold more scarce Wealth NFT can get higher Dividend income, and users who hold a larger number of Fortune NFT can also obtain stable income. The remaining 20% is used as platform revenue. The platform can use these funds to improve user experience, strengthen technology research and development, and promote the growth of the platform. This is a very beneficial reward mechanism as it encourages individual IP holders to actively participate in platform activities while bringing them real financial returns. At the same time, the platform can also attract more users to hold NFT through the dividend mechanism, thereby increasing the influence of the platform and the number of users, and further promoting the development of the platform. In addition, the platform will continue to improve and upgrade the economic model to better meet user needs and increase the value of the platform.

The economic model is based on NFT technology, providing creators and users of social networking platforms with better income opportunities and a better social experience. By holding different types of NFT, users can enjoy different benefits and income distribution, thereby encouraging more users to participate in the ecosystem of the platform. In addition, the interaction and communication between creators and users will also promote the development and growth of social networks.

We believe that with the support of Wealth NFT and Fortune NFT, the platform will become a prosperous community, allowing more users to realize their self-worth by sharing their creativity and thoughts.

To sum up, the economic model of the Wealth Message platform aims to achieve freedom of speech, anti-censorship, user ownership, revenue sharing, and enables more interaction between users. Through NFT technology, content creators can get more benefits, and supporters can also get benefits, realizing real shared benefits.