Nigerian artist Davido has launched a fan token, Echoke Social Token, which he said provides “power” to his millions of fans.

Eliminate the middleman

Nigerian pop artist and celebrity Davido recently announced the launch of his fan token Echoke Social Token through his Instagram account.

According to Davido’s Instagram post, this token not only eliminates unnecessary third parties, but also allows him to connect directly with fans. David explained:

I am very happy to finally announce what we have been working on. It is the “Echoke Social Token”. Every day, the value created by millions of fans is captured by a few executives on the board. no longer. We are returning power to the fans.

He added that token holders will be able to get free gifts, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media and entertainment benefits.

Working with crypto companies

In order to launch this token, Davido, who had previously expressed his desire to start a Bitcoin trading company, revealed that he has cooperated with Bitsika Africa’s crypto company Omegoat.

At the same time, a report by Cryptoplustv pointed out that Echoke Social Token will not be sold to fans, but will be airdropped or given to fans within 12 months. The same report also stated that the first such gift is scheduled for November 28th.

What do you think of the fan token launched by Davido? Please let us know in the comments section below.

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