Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’ – Altcoins Editorials 24

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Niger­ian artist Davi­do has launched a fan token, the Echoke Social Token, that he says gives “pow­er” to his mil­lions of fans. 

Eliminating the Middlemen

A Niger­ian pop artist and celebri­ty, Davi­do, recent­ly announced the launch of his fan token, the Echoke Social Token, via his Insta­gram account.

Accord­ing to Davido’s Insta­gram post, this token not only elim­i­nates unnec­es­sary third par­ties, but also allows him to direct­ly con­nect with fans. Davi­do explained:

Hap­py to final­ly announce this thing we’ve been work­ing on for a while. It’s the ‘Echoke Social Token’. Every­day, mil­lions of fans cre­ate val­ue that is cap­tured by a few execs in a board­room. Not any more. We’re giv­ing the pow­er back to the fans.

He added that hold­ers of the token will get free access to give­aways, NFTs, back­stage pass­es, jobs, fes­ti­vals, exclu­sive mer­chan­dise, media, and hos­pi­tal­i­ty benefits.

Partnership With Crypto Company

For the launch of this token, Davi­do — who pre­vi­ous­ly expressed a desire to start to bit­coin trad­ing com­pa­ny — revealed he has part­nered with Bit­si­ka Africa’s new cryp­to com­pa­ny, Omegoat.

Mean­while, a report by Cryp­to­plustv states the Echoke Social Token is not going to be sold to fans but will be air­dropped or giv­en away to fans over a peri­od of twelve months. The same report also said the first of such give­aways has been set for Novem­ber 28.

What do you think about Davido’s launch of a fan token? Let us know in the com­ments sec­tion below. 

Image Cred­its: Shut­ter­stock, Pix­abay, Wiki Commons

Dis­claimer: This arti­cle is for infor­ma­tion­al pur­pos­es only. It is not a direct offer or solic­i­ta­tion of an offer to buy or sell, or a rec­om­men­da­tion or endorse­ment of any prod­ucts, ser­vices, or com­pa­nies. Editorials24.com does not pro­vide invest­ment, tax, legal, or account­ing advice. Nei­ther the com­pa­ny nor the author is respon­si­ble, direct­ly or indi­rect­ly, for any dam­age or loss caused or alleged to be caused by or in con­nec­tion with the use of or reliance on any con­tent, goods or ser­vices men­tioned in this article.



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