KuCoin AMA With Soul Society (HON) — A Web3 Social Service That Utilizes SBTs

Dear KuCoin Users,

Time: January 24, 2024, 11:00 AM- 12:04 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the CEO and Co-Founder of the Soul Society, Daehee Kim, in the KuCoin Exchange Group.

Official Website:

Whitepaper:

Follow Soul Society on Twitter, Telegram and Discord

Daehee: Soul Society is a leader in creating Web3.0 Social ID and Social Fi, transforming daily activities with Growth-Type SBTs (Soul Bound Tokens) as on-chain data. Utilizing these Growth-Type SBTs, Soul Society reshapes daily lives and offers a unique blockchain-based social identity, integrating it seamlessly into a dynamic Web3 Social ID and Social Fi ecosystem.

Our service features quests that are creatively designed, reshaping everyday activities into engaging in-game challenges. By completing these quests, users acquire Growth-Type SBTs, which are an exclusive feature of our service. The uniqueness of these SBTs lies in the ability for users to actively enhance them, adding a personalized and interactive aspect to the Soul Society experience.

Additionally, these SBTs can be acquired through special event quests and hidden challenges. This offers our users diverse engagement opportunities, further enriching their experience with our service. It's this unique approach to daily activities, combined with the user's ability to enhance their Growth-Type SBTs, that sets Soul Society apart in the Web3.0 space.

Q: Given the exciting enhancements you've shared about the HON tokens and new SocialFi features, could you give us more insight on what users can expect in the near future?

Daehee: Absolutely, I'd be happy to elaborate on Growth-Type SBTs (Soul Bound Tokens), a key element of our service.

These tokens are unique Web3.0 IDs that users earn by completing various quests and challenges within Soul Society. In line with the soul-bound principle, these tokens are non-transferable, ensuring a secure and individualized identity for each user. What distinguishes Growth-Type SBTs from traditional tokens is their capability for active enhancement by the user.

Each Growth-Type SBT directly represents the user's activities and preferences, transforming them from standard SBTs into personalized and evolving Web3.0 IDs. Growth-Type SBTs enable users to precisely express their preferences and interests as they are based on users' actions. To level up, users must complete quests that align with certain conditions and invest some of their rewards in enhancing these tokens. The choices made by users in this process, governed by limited resources, ensure that Growth-Type SBTs are more informative and reflective of their genuine interests compared to standard SBTs.

In the context of Soul Society, Growth-Type SBTs act as tangible representations of a user's identity and achievements within our Web3.0 Social ID and Social Fi platform. They play an instrumental role in fostering a sense of community and achievement among our users.

Ultimately, Growth-Type SBTs are more than just Web3.0 IDs; they represent new Web3.0 IDs that reflect users' growth, engagement, and identity in the dynamic and ever-evolving world of Web3.0.

Q: Can you tell us about the HON token and its utility within the Soul Society's ecosystem?

Daehee: As we expand the features within Soul Society, the role of HON tokens is set to become increasingly central.

An example of this is our upcoming Farm feature, a unique addition to our ecosystem. This feature is specifically designed to reward users based on their combination of staked assets, which include NFTs, HON tokens, and various levels of SBTs. It aims to diversify the staking experience and deepen user engagement with our service.

In addition to the Farm feature, HON tokens will soon play a more significant role in social interactions within Soul Society. They will become pivotal in various social functions that will leverage Growth-Type SBTs, such as forming guilds, organizing parties, and participating in a freelancer market.

Furthermore, HON tokens will be used to access our unique marketing service. This service, which gamifies traditional advertising functions will offer a fresh and engaging approach to user interaction and advertising within our service.

In summary, HON tokens are essential tool that enhances our social features and overall user experience within Soul Society.

Q: Given the exciting enhancements you've shared about HON and new SocialFi features, could you give us more insight on what users can expect in the near future?

Daehee: We are looking forward to several significant collaborations and initiatives underway.

Currently, we're in advanced talks with top-tier global Web2 companies and Web3 projects. We are in discussions with a global top-tier company and are eager to announce this partnership very soon. Our experienced team is steering these collaborations, and we're confident they will significantly enrich our service. We're working diligently to finalize these partnerships and look forward to sharing this exciting news with our community promptly.

In terms of upcoming features, aside from the previously mentioned farming feature, we're also gearing up to introduce Soul Society NFTs. These NFTs are collectible through various activities within our ecosystem, will each have unique characteristics, and provide a diverse range of benefits to users. Moreover, they will play a crucial role in our upcoming social functions, enhancing experiences in activities like matching and social group creation.

These developments, along with the farming feature, are integral to our commitment to continuously evolve and expand the Soul Society experience. We are actively working to launch these advanced features soon, since we are confident that their introduction will significantly enhance user engagement and add substantial value to our community.

Q: Could you tell us more about your team's background and how their expertise is shaping the future of the project?

Daehee: The Soul Society team brings a wealth of experience from both the Web 2.0 and Web 3.0 spaces, uniquely positioning us to drive our project forward with expertise and insight.

Web 2.0 Experience: Our team members have substantial backgrounds with major companies such as Naver, Kakao, and Yahoo!, holding key positions like CEO, CTO, and CSO. This experience in the Web 2.0 arena has equipped us with a robust foundation in technology and business strategy.

Web 3.0 Experience: In the Web 3.0 realm, our team members have been involved with entities like ICON, Carry Protocol, OnBuff, and GDAC (CEX). As core contributors, they have been pivotal in navigating the complexities of the blockchain and cryptocurrency industry.

Our Co-CEOs have achieved impressive successes with a previous project, securing listings on top-tier exchanges such as Binance, OKX, and Upbit. Now, we have also successfully listed our project on KuCoin and Bybit, which showcases our team’s abilities and expertise in expanding our project and enhancing its global presence.

This blend of Web 2.0 and Web 3.0 expertise significantly shapes the future of Soul Society. We are leveraging this extensive experience to ensure that our project not only meets but exceeds the expectations of our community and partners.

Q: What sets Soul Society apart from other social-related projects in the blockchain and Web3.0 space?

Daehee: Our project differentiates in several ways, making it a unique presence in the blockchain and Web3.0 space.

Growth-Type SBTs: As previously discussed, a cornerstone of our uniqueness is the Growth-Type Soul Bound Tokens (SBTs). These tokens go beyond being mere digital assets; they represent a user's evolving journey and achievements within our ecosystem, fostering personalized and engaging social interactions as they reflect each user's activities and growth

Innovative Staking Approach: We are utilizing a staking function that essentially requires active engagement. Our mechanism ensures that active participation is crucial and rewards those who contribute vigorously to our ecosystem. This creates an incentive for the relationship of ecosystem and users to become a community that can create a virtuous cycle, rather than just a profit motive.

Diverse Farming Feature: Our farming feature, offering rewards for a variety of staked assets including NFTs, HON tokens, and different levels of SBTs, sets us apart. This not only diversifies the staking experience but also deepens user engagement with our service, embodying our innovative approach in the blockchain space.

User-Centric Approach: Community-Centric Approach: The core of Soul Society is our strong commitment to our users. We place a high value on community member empowerment and participation in our community management. In line with this thinking, we manage our Discord by appointing active users as moderators, rather than relying solely on professional moderators. This approach lets us understand and engage with our community from their perspective, fostering a more connected and representative ecosystem.

In essence, Soul Society is redefining the landscape of social-related blockchain projects with its innovative integration of Web3.0 technologies and a user-driven model.

Q: Can you tell us more about the Soul Society Dapp? We're eager to learn about its features, functionalities, and how it integrates with the overall Soul Society ecosystem.

Daehee: Absolutely! The Soul Society Dapp is the cornerstone of our user experience. Here, users engage in quests and earn rewards. Let me outline some key features:

User Engagement: Our Dapp serves as the initial interaction point for our service. By adapting elements of the game, we designed it to be familiar for Web2 users and easily downloadable. While creating and using a wallet can still be challenging, we’ve approached it as part of the gaming experience, aiming to minimize user resistance and burden.

Diverse Quests: In Soul Society, each Soul is associated with a Quest, allowing users to earn specific SBTs as they complete these tasks. The Quests in Soul Society are reshaped versions of daily life. Quests serve as a basic way for users to earn rewards and act as a bridge between reality and Soul Society.

Soul: The ultimate goal for users within our dapp is to become a Soul owner. Soul is the highest concept in our dapp, representing a unique classification of daily life aspects. A Soul can include anything that's part of our daily life, and it is composed of Quests and SBTs that represent its unique characteristic. By becoming a Soul owner, a user can gain special rights and benefits within Soul Society.

Unique Reward System: Users can receive Hon Boxes, and SBTs by successfully completing quests. Additionally, by enhancing Hon Boxes and SBTs, users gain eligibility to participate in Soul bidding to win 'SOUL', which grants special rights and benefits within Soul Society. This unique system prioritizes active participation and engagement over mere financial contributions and it ensures the ownership of Souls goes to those genuinely invested in our ecosystem.

In essence, the Soul Society Dapp is an immersive gateway into our ecosystem, fostering a vibrant and interactive community. Our approach to user engagement, coupled with the unique Soul ownership concept makes our Dapp an essential and distinct part of the Soul Society experience.

Q: What benefits do HON token holders get from keeping their tokens for a long time?

Daehee: Our roadmap includes exciting developments that will continually add value to HON tokens. These include new partnerships, enhanced functionalities within our platform, and unique opportunities that will be exclusive to HON token holders. By holding onto your HON tokens, you're investing in a project that is constantly pushing the boundaries of what's possible in the Web3.0 space.

Moreover, we're committed to creating a token economy that rewards long-term holders. This means you'll have access to exclusive content, special events, and opportunities to participate in key decision-making processes as we evolve.

Q: When will HON tokens be available on more major exchanges? Are there specific exchanges you're planning to list on soon?

Daehee: Being already listed on a top-tier exchange like KuCoin is a sign of where we're headed. We're putting in the work behind the scenes, and while I can't give away any specifics right now, keep an ear to the ground. You might hear some exciting developments in the near future that align with our goals and your expectations. Stay tuned!

Q: What can you tell us about your marketing strategies and plans?

Daehee: Our marketing strategy focuses on integrating our users' daily activities themselves to become our marketing activities. What this means is that we want our offline activity quests to be engaging so that people naturally use our DApp in their everyday lives and spark interest among those around them. It's about creating a buzz through real and organic experiences.

On top of that, we've got a bunch of marketing activities lined up, but here's the key: we're making sure these activities are closely tied to what our users are doing. It's not just about putting the word out; it's about integrating marketing with the user experience in a way that feels seamless and exciting. So, stay tuned for some innovative campaigns that connect directly with your journey in Soul Society.

Q: Is your platform suitable for Crypto Beginners or is it only limited for professional users?

Daehee: Soul Society is designed to be highly approachable for everyone, particularly for those who are familiar with gaming. As we've mentioned earlier, our platform is tailored to ensure ease of use and intuitive navigation, making it accessible even for those new to crypto.

The aspect that may be somewhat new to users is managing a 'wallet' in the crypto context. However, we're constantly working to make this smoother and more user-friendly. We're committed to ongoing improvements to ensure that even those new to crypto feel comfortable and can fully enjoy their experience in Soul Society.

Q: What is your strongest advantage that you think will make your team leading the market?

Daehee: The unique feature of the Soul Society app lies in its ability to plan any marketing or event by blending everyday activities with surprising and exciting events. Imagine a user engaging in a simple daily activity like walking or jogging through the app, and suddenly, an unexpected event unfolds - the discovery of a 'Legendary Ancient Treasure.' This brings a thrilling twist to ordinary tasks, transforming them into captivating adventures exclusive to our users. We are exploring ways to implement this through collaborations with partners or clients.

This is just a glimpse of our broader vision. It demonstrates how we uniquely combine the offline world with blockchain technology. We are confident that Soul Society stands unparalleled in offering limitless and imaginative experiences. Our aim is not just to create a quest, but to integrate it into daily life and turning every moment into an adventure.

🎁 Participate in the Soul Society AMA quiz now for a chance to win $10 in HON!

The form will remain open for five days from publishing this AMA recap.

KuCoin and Soul Society have prepared a total of $2,000 in HON to give away to AMA participants.

1. Pre-AMA activity: $800 in HON

2. Free-ask section: $50 in HON

3. Flash mini-game: $400 in HON

4. Post-AMA quiz: $750 in HON

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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