Celebrated Nigerian Afro pop artist, Davido has announced the launch of his fan token, the Echoke Social Token, via his Instagram account. According to Davido’s Instagram post, this token not only eliminates unnecessary third parties, but also allows him to directly connect with fans. Davido explained:

Happy to finally announce this thing we’ve been working on for a while. It’s the ‘Echoke Social Token’. Every day, millions of fans create value that is captured by a few execs in a boardroom. Not anymore. We’re giving the power back to the fans.

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He added that holders of the token will get free access to giveaways, NFTs, backstage passes, jobs, festivals, exclusive merchandise, media, and hospitality benefits. For the launch of this token, Davido — who previously expressed a desire to start a bitcoin trading company — revealed he has partnered with Bitsika Africa’s new crypto company, Omegoat.

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Meanwhile, a report by Cryptoplustv states the Echoke Social Token is not going to be sold to fans but will be airdropped or given away to fans over a period of twelve months. The same report also said the first of such giveaways has been set for November 28.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry