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About SIMP

SO-COL is a community management platform that helps creators and brands engage with their audience through NFT gated communities. Our platform is for all community leaders, including influencers, musicians, artists, instructors and interest groups.SO-COL also provides white label services for brands who want to provide NFTs and new offerings to their customers. SO-COL works with partners in consumer tech, F&B, entertainment and more.

SO-COL (SIMP) is a cryptocurrency launched in 2023. SIMP has a current supply of 135.50M with 0 in circulation. The last known price of SIMP is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://socol.xyz.

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SIMP Price Statistics
SIMP’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#8678
SIMP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$249,790.44
SIMP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SIMP Supply
Circulating Supply
0
Total Supply
135.50M
Max Supply
1.00Bn
Updated Dec 26, 2024 9:30 am
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SIMP
SO-COL
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Ethereum-Based Simplify Token Plummets 80% After Initial Surge
Ethereum-Based Simplify Token Plummets 80% After Initial Surge
According to PANews, the Simplify token (SIMP) experienced a significant drop in value, falling 80% from its peak of $53.36 to $9.56 at the time of writing. The Ethereum-based ERC-314 standard project Simplify gained attention on social media after being promoted by several key opinion leaders (KOLs). The project's transactions are straightforward, allowing users to buy and sell $Simp tokens by transferring ETH directly to an address, bypassing all trading infrastructure on the Ethereum network, including decentralized exchanges (DEX). KOL paulwei used the analogy of an 'empty soapbox' to help community members understand Simplify's innovative mechanism. However, after the token's price soared to $53.36, some community members pointed out potential flaws in Simplify's code. This led to panic within the community, and Simplify's official social media accounts acknowledged the project as a social experiment, causing the token's price to plummet to around $9. A few hours later, a community member from Peking University, @yicunhui2, stated that there were no issues with the project's code. Several scientists verified this claim, and the community's sentiment began to improve, with the token's price experiencing a slight recovery. Nevertheless, as Simplify itself has stated, the project is still a social experiment with potential risks, and its popularity has decreased compared to the previous day, with the token's price hovering around $9. In conclusion, while it is essential for the community to pay attention to innovation, it is also crucial to be cautious about potential risks, as many projects lose momentum and fade away in this rapidly evolving market.
Mar 22, 2024 10:04 pm

Frequently Asked Questions

  • Is SO-COL (SIMP) a Good Investment?

    Here’s why you could consider investing in SIMP coin: SO-COL’s Versatility SO-COL offers a range of features, including NFT collections, membership pass NFTs, and more. The utility of the platform and its adoption within the crypto community can contribute to its value.Staking and Earning Mechanisms SO-COL provides opportunities for users to earn through staking, saving, and interest lending. These mechanisms can offer additional income to investors.Accessibility SIMP is listed on several leading crypto exchanges, including KuCoin. This makes the token more accessible for investors, increasing its appeal and supporting the SO-COL value. Tailor-made Services SO-COL offers tailor-made services for brands and celebrities, which can enhance its adoption and value.

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  • What is SO-COL Price Prediction?

    While the volatile nature of the crypto market makes it impossible to provide a reliable SIMP price prediction, the following factors could help you better understand price trends in the SO-COL cryptocurrency: Level of Adoption of SO-COL The utility and adoption of SIMP tokens within the SO-COL platform can significantly impact their price. If more users and creators use SIMP for transactions or staking, it can drive demand.Market Outlook Toward Web3A favorable investor attitude toward web3 and other key sectors of the crypto market, such as NFTs, could also benefit the price of SO-COL. The SIMP to USD price could strengthen as the demand for such tokens rises, increasing investor interest in trading and holding them. Crypto Market Trends The broader trends in the cryptocurrency market, including Bitcoin's performance and market sentiment, can influence the price of SIMP tokens. Cryptocurrencies often move in tandem.

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  • How to Use SIMP Token

    SIMP token is used within the SO-COL platform for various purposes, primarily related to its role in the creator and community ecosystem:Utility NFTs SO-COL enables creators to manage and interact with their communities through utility NFTs. These NFTs, referred to as “collectibles” on the platform, likely use SIMP tokens for transactions and interactions within the community. These utility NFTs could have diverse functions, such as access to exclusive content or features.Community Engagement SIMP tokens can incentivize and reward community engagement. Creators and community members might receive SIMP tokens for participating in platform discussions, events, or activities.Transactions and Payments SIMP tokens can be used for various transactions on the platform, including payments for services, collaborations, or digital goods within the SO-COL ecosystem.Staking Users can stake their SIMP tokens within the platform, earning rewards or additional privileges.Trading SIMP Trade SO-COL token on KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell SIMP or hold the token long-term if you believe in the future potential of the SO-COL project. Remember to DYOR before making any new trading decision in the crypto market.

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  • How to Stake SIMP on SO-COL

    Here’s how you can stake $SIMP on SO-COL to earn rewards and grow your crypto portfolio: 1. Fund your wallet by buying SIMP on KuCoin or other supported platforms and transferring your tokens to your wallet. 2 Visit the SO-COL app and connect your wallet to it. 3. Click the Staking tab on the left section of the app’s homepage. 4. Click Stake Now and then the Stake button on the new page that opens up. 5. Enter the number of SIMP tokens you want to stake, and click Stake Now. 6. Approve the transaction from your wallet. 7. Sit back, earn staking rewards, and earn passive income from staking SIMP on SO-COL.

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  • Who Are SO-COL’s Partners and Investors?

    SO-COL has forged partnerships with leading businesses, such as Nothing, Habitué, and Amber Lounge. SO-COL’s investors include Animoca Brands, Blockchain Capital, DWF Labs, Genblock Capital, Kronos, and DeFiance Capital.

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  • What is the all-time high price of SO-COL (SIMP)?

    The all-time high of SIMP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SO-COL (SIMP) is 0. The current price of SIMP is down 0% from its all-time high.

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  • How much SO-COL (SIMP) is there in circulation?

    As of , there is currently 0 SIMP in circulation. SIMP has a maximum supply of 1.00Bn.

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  • What is the market cap of SO-COL (SIMP)?

    The current market cap of SIMP is 0. It is calculated by multiplying the current supply of SIMP by its real-time market price of 0.

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  • What is the all-time low price of SO-COL (SIMP)?

    The all-time low of SIMP was 0 , from which the coin is now up 0%. The all-time low price of SO-COL (SIMP) is 0. The current price of SIMP is up 0% from its all-time low.

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  • Is SO-COL (SIMP) a good investment?

    SO-COL (SIMP) has a market capitalization of $0 and is ranked #8678 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SO-COL (SIMP) price trends and patterns to find the best time to purchase SIMP.

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