#CreatorPad Binance the largest cryptocurrency exchange by volume and user base globally, has revealed its completely new monetization tool on its social platform, Binance Square, CreatorPad. Through this new program, crypto creators can now have the option to earn rewards when they create effective crypto content and furthermore, on Binance Square, blockchain projects can now engage directly with the 35 million people that visit the site on a monthly basis.
CreatorPad follows a task-based campaign strategy under which the creators may fulfill the tasks including posting appropriate messages, use of the specific hashtag, and interacting with the targeted projects. This involves activities in real-time tracking and are ranked in the Mindshare Leaderboard which shines a light on creators that are attractive based on awareness generated through the considerations of the thoughtfulness of the content, the relevance and the frequency of the content.
In contrast to the engagement models, in which volume is praised over content, CreatorPad encourages the value of content. This platform discourages spam and repetitive posting by encouraging valuable and true postings. The initial release is in line with Binance initiatives to promote innovation and building a community by developing tools that can be of benefit to developers and Web3 projects.
CreatorPad can also be used by blockchain projects to create bespoke campaigns, discover the best performing creators and stimulate growth via creator-led engagement with readers vetted by CreatorPad. Original CreatorPad campaigns have been already realized, and more opportunities are about to be launched in the near future.
Binance Square offers an active hub in which active communities can be built around blockchain projects and creators can pinpoint their resources and gain an audience of more than 30 languages. The trackthrough technology and Fair Ranking System of CreatorPad delivers fair and frictionless experience to all participants.
