> For the complete documentation index, see [llms.txt](https://wemet.gitbook.io/wemet/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wemet.gitbook.io/wemet/wemet-overview.md).

# WeMet Overview

**Introduction to** WeMet 

WeMet stands at the forefront of the social dApp sphere, offering a unique blend of socializing and earning opportunities in the Web3 realm. We're pioneering a new era in social media monetization, introducing tailor-made pay-per-group communities and a novel decentralized donation system. This approach not only empowers content creators with direct financial rewards but also enriches the creator economy's holistic cycle.

**Innovative Pricing Strategy** 

Drawing inspiration from the decentralized pricing approach of friend.tech, Friend3 presents its groundbreaking Decentralized Pricing Formula. This formula dynamically determines the entry fee for premium groups, formulated as:

                                       P=S^2/K

{% hint style="info" %}
**Variables Explained:**

* **P**: Represents the price of the admission ticket.
* **S**: Indicates the current group size, or the number of tickets currently held.
* **K**: Defines the steepness of the price curve, dictating how quickly the ticket price rises or falls based on the group size.
  {% endhint %}

The essence of this formula is its fluidity. It allows the ticket price to fluctuate based on the existing group size and a pre-set steepness variable. WeMet 's pricing model is thus highly responsive to market conditions, fostering better user engagement and encouraging the expansion of the community.