Blockchain

SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks

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    Hong Kong, Hong Kong, July 21st, 2024, Chainwire

     

    SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing social app in the Web3 space.

    SoMon, short for Social Monster, allows users to monetize and create communities (Tribes) around their favorite topics, passions, creators, and fandoms. It is the first app built on OpenSocial Protocol, a composable infrastructure layer for building social applications, and also the first Web3 social app that is truly gasless, allowing it to lower the barrier of entry and onboard users beyond the crypto community.

    Having launched its mobile app on 19 June 2024, around a month ago, it has garnered over 30,000 on-chain registrations in just two weeks. Today, the community is growing rapidly, with over 2 million social engagements among 300+ different Tribes (communities) and its 80,000+ users.

    “Crypto is all about community, but instead of creating communities for users, we want communities to be built by users. SoMon is a user-curated space where people are able to connect with one another while taking charge and reaping the benefits of their own social achievements at the same time,” said Sean Tao, CEO & Co-Founder of SoMon.

    SoMon users started minting their own Tribes using various tools and fragmented ownership powered by NFT technology after the new feature was released on 17 July 2024. Users create content, and the platform is monetized through a tool called ‘Megaphone’, allowing users to pay for promotional visibility, with the revenue being redistributed to Tribe owners and stakeholders.

    SoMon is currently in its first season, ending on 31 July 2024. In this season, users compete to gain points through interactions and earn badges by climbing to different leagues. At the end of the season, SoMon will officially launch its community token, $OwO, which will be airdropped to the community at the end of the first season, with the first airdrop releasing 3% of its total supply this 1 August 2024, and 1% of its total supply for the subsequent seasons.

    During upcoming seasons, SoMon is focused on activating the community economy via Tribe Summer campaign for users to create and engage with their bot-free community.

    About SoMon

    Social Monster (SoMon) is an open topic-based Web3 social app forum powered by OpenSocial Protocol. It serves as a space where users can create vibrant and engaging communities (Tribes) centered around their passions and fandoms. SoMon ensures that Tribes, content, and social connections are wholly owned by users.

     

    Contact

    Public Relations Manager
    Kelvin Yeo Jun Hao
    Everest Ventures Group
    [email protected]

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    The Awareness Group (TAG) Launches TAG Capital to Drive Renewable Energy Financing

    2024-10-01T11:00:00Z

    Will Provide Fund Management Services for TAG’s Innovative PPAs and Service and Monetize TAG Loan Portfolios and Investment Tax Credits

    SCOTTSDALE, Ariz., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Awareness Group (OTC: FHLD) (“TAG”), a rising leader in the alternative energy industry, is excited to announce the launch of TAG Capital—a dynamic new division under TAG Financial, aiming to disrupt the future of renewable energy project financing. TAG Capital will act as the financial backbone of the organization, helping to power the growth of the TAG GRID—an innovative, integrated network of contractors, project developers and sales teams within the alternative energy space.

    Pablo Diaz, CEO and Founder of TAG, commented, "TAG Capital represents a bold step forward in our mission to provide seamless proprietary financing solutions that accelerate the growth of clean energy projects. Through TAG Capital, we’ll fund TAG’s unique lending products, specifically tailored for the sales organization and EPC (Engineering, Procurement, and Construction) members within the TAG GRID. But that's not all—TAG Capital will drive revenue by servicing and monetizing both Investment Tax Credits (ITC) and TAG-owned loan portfolios, ensuring that TAG stays ahead in the fast-moving renewable sector."

    TAG Capital will also pave the way for cutting-edge financial products, including a soon-to-be-announced one-of-a-kind Commercial PPA designed to cater to larger-scale renewable energy initiatives.

    Highlights of TAG Capital:

    • Revolutionary Financing Options:
      • Residential PPAs Beyond Credit Scores: Through its sister division, TAG Financial Services (TFS), TAG Capital will offer unique financing options for residential projects. Unlike traditional models, these solutions don’t hinge on credit scores alone, making green energy accessible to a broader range of homeowners and businesses.
      • Commercial PPAs: Innovative agreements tailored for larger-scale commercial projects, providing flexible financing structures for renewable energy installations.
    • Strategic Loan Portfolio Management: TAG Capital will expertly securitize or manage TAG’s own renewable energy loan portfolios, unlocking new revenue streams, enhancing liquidity and ensuring top-tier risk management for its investors.
    • Monetizing Tax Incentives: TAG Capital will maximize the value of available tax incentives for renewable energy developers and financiers, ensuring every credit is leveraged to its full potential.

    About TAG
    Innovation is at the heart of The Awareness Group (TAG). We are building the TAG GRID, a comprehensive national platform for alternative energy services and solutions targeting commercial and residential projects. With a unique growth model, TAG has acquired five companies across the alternative energy space, ranging from fintech for national residential and commercial project funding solutions, solar lead generation, sales and installation services to blockchain and a digital carbon and renewable energy credits marketplace. TAG is structured for organic growth, complemented by a highly synergistic corporate development strategy focused on expanding current business lines and adding innovative technologies. The Company aims to quickly build a profitable, multi-$100 million company over the next few years and create significant value for customers, employees, partners and current and prospective investors.

    For more information, please visit us at https://www.awarenessgroup.llc/

    Follow us on X: @AwarenessGroup1

    Follow us on LinkedIn: Awareness Group on LinkedIn

    Forward-Looking Statements 
    In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

    TAG Investor Relations and Media Contact:
    Brian Siegel, IRC®, M.B.A.
    Senior Managing Director
    Hayden IR
    (346) 396-8696
    [email protected]


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