What is the meaning of the term "social token"?

Raihan: A social token is basically a derivative of Ethereum, if you will. Without getting too DeFi heavy, you can establish a pool of Ethereum and create another token based on that. As more people buy, sell, or trade this token, or the value of any underlying asset goes up in that pool, the value of the token itself goes up. When we first started, one FWB was maybe a dollar. At some point last week, we crested around $200 for one token.