SingSing Summary

Official SingSing Whitepaper (last updated February 2024)

SingSing is an innovative socialFi platform that combines singsing, social games and trading contest. Users can trade crypto assets in unique socialised and group-based manner.

Our team, backed by ViaBTC, Tomo Chain, Kyber Ventures, Hub Global, Funverse, Web3Port, CLS Global and other prominent investors, leverages over 20 years of experience from Web2&3 veterans to deliver sustained growth across multiple products with millions of users.

The primary value of the Singsing project is its ability to onboard millions of Web2 users into the Web3 ecosystem. This is a critical challenge that many blockchain projects have struggled with - transitioning mainstream users who are accustomed to traditional web and mobile applications into decentralized, blockchain-based environments.

Singsing achieves this through its singing, social games and trading contests. These gamified experiences lower the barrier to entry for new users, providing an accessible on-ramp into Web3 that does not require deep technical knowledge or a steep learning curve.

By attracting these Web2 users through engaging, fun experiences, Singsing is able to drive meaningful transactions and activity onto its platform. Importantly, it can then leverage this user base and activity to drive transactions onto a wider network of decentralized applications (dApps) through affiliate partnerships and integrations.

This affiliate model allows Singsing to act as a gateway, funneling new users into the broader Web3 space. As users participate in Singsing's activities and become more comfortable with blockchain-based interactions, they are more likely to explore and utilize other dApps, helping to expand the overall adoption and utilization of the decentralized ecosystem.

In summary, the key value of the Singsing project lies in its ability to onboard massive numbers of mainstream, Web2 users into Web3 through innovative, gamified experiences. This user acquisition and activity generation then has a multiplier effect, driving broader adoption and utilization of the decentralized finance (DeFi) and dApp landscape.