Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’

Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’

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.

Related Posts

Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan – Exchanges Bitcoin News

Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full…

BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022

BNB Chain, a blockchain network created by crypto exchange Binance, and Latin America-focused education platform Platzi announced that they will be launching a Web3 development course for…

Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market

Despite the ongoing cryptocurrency market decline and associated forced layoffs in major crypto firms, a career in crypto doesn’t turn less attractive to many traditional finance executives….

Aave calls on members to commit to Ethereum PoS chain

Aave token holders have been asked to take part in an Aave Request for Comment (ARC) that would require them to “commit” to Ethereum’s proof-of-stake (PoS) consensus….

Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Major resistance levels enter for U.S. equities, bringing with them fresh headwinds for crypto as Bitcoin and Ether lose $24,000 and $2,000, respectively. Major resistance levels enter…

USDT market cap up by $2 billion following Tornado Cash debacle

Crypto Currency Why startups are willing to start a crypto exchange like… benlouie Aug 16, 2022 0 30 Knowing the stunning factors of the poloniex clone script,…