Today we’re excited to announce a $350,000 grant fund for organizations and creators to launch social tokens that advance social and environmental action. This kicks off our ‘Summer Of Action’. Applications for up to $50k grants are now live with an August 31st submission deadline. As the first grant fund ever established for social tokens, the fund will provide purpose-driven organizations and creators with monetary and in-kind support.
Socialstack worked with the Starboard team to craft a social token that increased sales and digital engagement with their merchandise and clothing brand, SOMWR, while incentivizing customer actions that incentivized their ESG and corporate impact goals.
Social tokens have emerged as an exciting community engagement tool that can bridge the best of point-based programs and tiered systems with dynamic potentials for shared ownership of a brand community.
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