Nigerian singer and songwriter David Adeleke, popularly known as Davido, has built his own cryptocurrency called Echoke Social Token.
The Afrobeat singer took to his official Instagram account to announce the launch of the new token, which he said, would empower his fans.
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According to the “Aza” crooner, the tokens would give fans free access to giveaways, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media, and hospitality benefits.
Here's what he wrote in part;
“Happy to finally announce this thing we've been working on for a while. It's the 'Echoke Social Token'. Use the hashtag #EchokeForHere. Everyday, millions of fans create value that is captured by a few execs in a boardroom. Not any more. We're giving the power back to the fans.
“The tokens will give you free access to giveaways, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media, and hospitality benefits.
“In the spirit of democracy, we will not be selling the tokens to the public. We will release the tokens to the fans through periodic giveaways throughout the next 12 months. First giveaway on NOV 28th.”
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