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![](https://gimg2.gateimg.com/image/article/1674033990Fe8k6CmXkAE1vQF.jpeg)
**<font size=4>Time: October 14th, 2022, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Hugo Renaudin, Co-Founder and CEO of P00LS in the Gate.io Exchange Community.
Official Website: https://p00ls.io/ 
Twitter: https://twitter.com/p00ls_ 
Follow on P00ls on Twitter</font>**

**Guest**
![](https://gimg2.gateimg.com/image/article/1674034799111.png)
**Hugo Renaudin — Co-Founder and CEO of P00LS**

## Q&A from Gate.io
### Q1: What is P00LS?
**Hugo**: P00LS is a social token platform for artists, brands, creators and celebrities.
So just like Chilliz does fan tokens for soccer clubs like FC Barcelona, we do the same thing for people and celebrities.
What this means is that we work with the most influential people in the world to create their own token that they can distribute to their communities.
Fans can use their tokens to access exclusivities from their favorite creators - like free tickets, merch etc.
Each social token that we create is an ERC20 on Ethereum - and we list them on the P00LS DEX as well as on partner exchanges just like Gate.io.
![](https://gimg2.gateimg.com/image/article/1674034226image_2023_01_18T09_00_22_827Z.png)
You can try the platform now and earn free coins for Ronaldinho!!
https://launchpad.p00ls.io/ron

### Q2: What are social tokens?
**Hugo**: Social Tokens are like fan tokens - think about it as like Michael Jordan’s own [Bitcoin](https://www.gate.io/trade/BTC_USDT), or BTS’s own cryptocurrency. They’re not NFTs: social tokens are fungible and can be traded.
We build social tokens with important principles:
Fans can always earn social tokens for free - this happens on https://launchpad.p00ls.io/ (you can actually go and try the platform now)
Fans can use their coin to access amazing utility and experiences from all artists on the platform.
![](https://gimg2.gateimg.com/image/article/1674034203image_2023_01_18T09_00_33_793Z.png)
People can buy and sell social tokens on our DEX and other exchanges.

### Q3: What is 00 and what can you do with it?
**Hugo**: 00 my favorite coin. The 00 token is the official token for P00LS. Just like GT for Gate. You can do a lot of things with 00. 
1. You have premium access to P00LS and can access more social tokens and more utility.
2.You can control a reserve made of 10% of each coin created on P00LS.
3.You can vote on the governance of the 00 protocol.
It’s a utility token, a platform token, a governance token, a DeFi token and a social token all at the same time. That's 00!

### Q4: What is the vision for P00LS and 00?
**Hugo**: Well, first we're building the future of crypto. We believe that every artist and creator in the world will have a social token. 

That’s 50m people today and growing fast. We want all of these creators to build their own social token on P00LS - said otherwise, we want to build 50m coins for the 50m creators on the planet.

When that happens, the 00 token is the central currency for all these exchanges and new economies and controls a treasury made of 10% of all the social tokens built on P00LS.

And we want that to happen for all our 00 token holders!! That's what we're working for.

### Q5: How to participate in P00LS?
**Hugo**: It’s very simple. Start earning for free your first social token here: https://launchpad.p00ls.io/ron. Then you can start interacting with different creator communities, and earn more and more coins! You don't need a wallet or to pay gas fees - it’s made simple for the everyday user. Come join the community!

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Gate.io AMA with P00LS-Money Is Not The Only Currency