The world population today if we consider the use of social media platforms increases daily and businesses are not joking with this tool because of its importance to their business in creating awareness which grows their userbase and community.
Now, Let's dive into what Social Mining really is.
According to #DaoLabs , Social Mining is a multi-chain community building and governance ecosystem that consists of different areas and entities: Social Mining SaaS, DAO Labs, DAOVERSE, and Social Mining Governance.
This article will simplify all the key points above but before then, to simplify what Social Mining is, we can say it deals with the process of mining social data. Majorly, it involves three things which are:
Collection of Data
Processing of Data
Analysis of Data
These three line items are obtained from social media platforms like Twitter, Instagram, Telegram, and Facebook to mention but a few, to reveal meaningful patterns and draw conclusions that become actionable information.
As we know, data represents, connections, products, people's attitudes, and services, what is important is the functionality of the social media platform.
Now back to the baseline of the key points mentioned earlier, DAO Labs is the proprietor of the Social Mining SaaS.
Social Mining SaaS is the core product of DAO Labs' software suite, DAO Governance Solution for Digital Business, natively compatible with multiple blockchain infrastructures, including Ethereum, BSC, Polygon, NEM, and Symbol.
Additionally, Social Mining SaaS functions as a governance layer to incentivize decentralized developments and collaborations, maximizing the potential and outputs of any organization's networks and communities.
Now we can now say Social Mining is a DAO governance solution that incentivizes fair governance and quality content curation from communities and networks of any organization.
How It Works
The working of Social Mining can be well understood using the Twitter Program of #DaoLabs as an illustration.
What is DaoLabs Twitter Program?
DaoLabs Twitter Program is an automated social media marketing tool that allows eligible Social Mining users to earn by promoting the project via their Twitter accounts. This simply means there is a need to become a Social Miner before you can start Social Mining.
DaoLabs as an ecosystem has Five Social Mining platforms which are DAOVERSE, AVALANCHE HUB, POLYGON HUB, KAVA HUB, and WAX HUB. This simply means, Top blockchains in the industry are using Social Mining SaaS as their marketing tool which users can take benefit of through free registration.
Furthermore, DaoLabs' Twitter Program features"the following for its operation:
Twitter API connection
Engagement & impression-based incentive mechanism, featured tweets, and auto-adding hashtags & mentions
Hence, Social Miners get rewarded through the above-mentioned.
How To Use It
Following DaoLabs' Twitter Program, prospects (newbies to social mining) need to have a Twitter account and connect it to any of the social mining platforms mentioned earlier (DYOR on DAOVERSE). The baseline of your followers on Twitter should be at least 50.
You can mine your reward daily through your activity like Tweets, Retweet, and completing special tasks announced by the team.
Call To Action
Social Mining is increasing and businesses, especially Top blockchains in the industry are interacting with this suite to decentralize their reward system for their supporters which gives fair rewards based on the activities carried out. Take a moment to do more research on DaoLabs and Social Mining.
Disclaimer: I am not a financial advisor, see this article as a piece of information that can help you in your personal research.
