In addition, they are built according to the technical specifications and standards of the native token of the blockchain the project is built upon. supply of 500,000,000 LIKE coins. Uses of non-native tokens and benefits they provide are seen in DeFi and DAO projects, where they provide reduced transaction fees and act as governance tokens. Required fields are marked *. It's technically called as the NFT-powered decentralized social platform that is constructed on Solana chain. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. This website uses cookies to improve your experience. Dont worry! The funding was completed in late June, Litecoin, one of the oldest digital assets in the industry, has recently undergone a major resurgence. The team is here for the long run so we made sure the interests are aligned. Create-to-Earn - The more quality content you create, the higher rewards you will get, Superfan-NFT sale and royalties from subsequent sales, Unlockable Content NFT sale, unlock fee and royalties from subsequent sales, Staking Pool Rewards - The more active across socials and quality content you create, the higher APY of your creator staking pool; attracting more users to stake $LIKE in your pool (higher TVL), hence higher rewards from having a y% split of the pool every day. In 2022, Belarusian President Alexander Lukashenko signed a decree allowing the free circulation of Bitcoin and other cryptocurrencies in the country. This can be done on cryptocurrency exchanges that have these types of tokens listed. Answer: 1, 1% Q5) What factors affect the APY of a creator staking pool? What problem(s) is Only1 trying to solve? Gas fees on the Ethereum blockchain refer to the fees paid for transactions to be completed. You have to delist in order to pass the telegram/Discord bot to verify holdings. Bearish MACD crossover makes Sandbox token vulnerable to $1.0, Solana Launches Physical Retail Store in Upmarket New York, The Universal backlot: The tools of the metaverse | Jon Peddie, This Week in Fintech: TFT Bi-Weekly News Roundup 04/07, After years of relative obscurity, Litecoin is finally having a moment in the sun, Belarus planning to ban P2P crypto transactions, Chibi Finance team executes $1M rug pull, CHIB plummets 98%, OKX Named Official Sleeve Partner Of Manchester City In Expansion Of Partnership, Chancer to usher a new era of betting as Mastercard eyes a multi-token network. Topics, Editors LIKE's total supply: 500,000,000 That is, no one or party can control the platform or its behavior. As a decentralized social media platform, Only1 stands out among social media platforms in that it is fair in rewarding content providers and fans. Genesis NFT owner and creator will get a small share of reward from staking pools! Only1 is the first NFT-powered social media built on Solana. Only1 is the first NFT-powered social platform built on the Solana blockchain. How Many Only1 (LIKE) Tokens Are in Circulation? Users on the platform can stake $LIKE tokens on individual creators with APY that adjusts according to the creators engagement with the fan base. Content creators on Youtube are under constant pressure of censorship and demonetisation, while creators on platforms like Instagram and TikTok often have to rely on third parties (affiliate links, merchandise sale, paid shoutouts etc) to generate income. Fungible tokens have been around for a long time, and this concept has been made more and more popular with DeFi and Ethereum setting the token standards. Social media users want to feel more connected with the creators on the platform. LIKE's totally supply is limited to 500,000,000. . This is a mix of different letters that represent an asset. It is a well known issue that traditional centralized social media platforms such as Facebook, Instagram, or YouTube profit heavily off their users creator and audience alike. The platform offers an on-chain creator economy via the NFT marketplace and creator staking pools so that creators and viewers are rewarded fairly. What factors affect the APY of a creator staking pool? After the process is completed they will have to pay a platform fee if they want to create a staking pool. We help creators monetize and allow fans to connect with the creators they love in a unique way, similar to a decentralized Patreon read more on Create-to-Earn (C2E) here. All members have an equal voice. The platform must also provide value to users more than just reward token incentives. Save my name, email, and website in this browser for the next time I comment. There will be token burning mechanisms of transaction fees in the market. Only1 is the first NFT-powered decentralised social platform built on Solana. What features do Only1 offer? They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. PYMNTS DeFi Series: What Is a Smart Contract? Its up to you how much you want to attach with your message. The owner will earn ( ) of the creator's staking pool TVL. Users can earn by being a creator and by staking LIKE tokens or NFTs. Only1's current price is $ 0.00336, it has dropped-5.25 % over the past 24 hours.. Only1's All Time High (ATH) of $ 1.18 was reached on 7 Sep 2021, and is currently -99.7 % down.. $ LIKE is a native token on the Only1 platform and is the primary mode for paying for NFT transactions and rewarding both fans and content creators. We had our IDO on Raydium.io 3 Aug 2021. DAO makes Only1 fully decentralized. The live Only1 price today is $0.002815 USD with a 24-hour trading volume of $369,703 USD. An example is Chainlink, which depends on the blockchain Ethereum. $0.04 reward pool is $200,000 worth of Only1 tokens successful users will receive $5 of Only1 token ($LIKE) as a reward and 50 Diamonds additionally! Frequently Asked Questions - learn.only1.app A: We already have liquidity pool and farms on Raydium. Mixing social media, NFTs, DeFi and the native token LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement. A decentralized autonomous organisation (DAO) that regulates community guideline and platform development balancing safety of the community on the platform, and freedom of expression. Learn about the Only1 & Take a Short Quiz to Earn $LIKE If you would like to know where to buy Only1 at the current rate, the top cryptocurrency exchanges for trading in Only1 stock are currently Huobi, KuCoin, Gate.io, MEXC, and AscendEX (BitMax). Ans: LIKE can be purchased on Raydium.io, AscendEX, KuCoin, Gate.io, MEXC Global and many more exchanges. On traditional social media platforms such as Twitter, Facebook, and Instagram, creators monetize their content primarily through third parties in the form of merchandising, screaming, advertising, and sponsorship. Native tokens are a blockchains foundational digital currency. Registering on our platform is similar to registering on any other web3 platforms, you only need your Solana address. Payments, Grocery Amanda Jackson has expertise in personal finance, investing, and social services. *A : All of the above. Ans: No. By using the Only1 platform, fans will have the ability to invest, access and monetize limited edition content created by the world's biggest . Our innovation through NFT aim to cut out the need for these middle-man, and we do this through two novel mechanisms. Q: Are you going to launch trading for nfts on the marketplace for projects that already exist and dont had an INO on only1? Earn free $5 of Only1 token | CoinMarketCap Learn & Earn - Publish0x Initial NFT Offering (INO) is a new cryptocurrency crowdfunding innovation pioneered by Only1. The only one you might run across is ERC-721, the standard for NFT tokens. By far, the most common is ERC-20 (or ERC20), which is basically a white-labeled standard ether token. Index, Data Your email address will not be published. How to Lose Your Crypto Without Being Hacked. Only1 is the first NFT-powered social platform built on the Solana blockchain. Valid for 3 months). What is a SPL Wallet and how to open one - Only1 Learn Other functionalities, eg. Smart Contracts Get Weather-Savvy With AccuWeather on the Blockchain, PYMNTS Intelligence: FinTechs Have an Opportunity to Improve Consumers Credit Capabilities, PYMNTS Intelligence: Partnerships a nd BaaS Are Powering a Digital Transformation, Crypto Firms Are Reportedly Banking Through Intermediaries, PYMNTS Intelligence: Protecting Members Is at the Heart of Open Banking Compliance. These include white papers, government data, original reporting, and interviews with industry experts. The minimum expected value of the price of Only1 at the end of the current year should be $0.695. If you have not taken the lessons yet, please make sure to learn about the Only1 to complete the quiz! The future of social is community-governed. In addition to being a derivative, non-natives tokens are developed for specific uses, either as the only source of payment within their ecosystem, particularly with dApps, or for governing a right on decentralized autonomous organization (DAO) projects. r/CryptoMarkets - CoinMarketCap (Only1) LIKE Token Quiz Answers - Reddit LIKE is the native governance and currency of Only1. Every independent blockchain has its own native crypto that is used to reward miners and validators adding blocks to the blockchain and as a payment method, including for transaction fees. What is Only1 coin (LIKE) token, social platform, NFT and Solana? These NFTs hold unique perks including an Airdrop of 500 $ LIKE tokens and more. This added benefit lets the holder of AAVE govern through voting how the protocol works, changes that should be implemented, and more. The new world of decentralized social media is here, and it's being built on Solana. Some examples of non-native tokens include the Chainlink platforms LINK; WBTC, a tokenized wrapped bitcoin that runs on the Ethereum blockchain; USD Coin (USDC), a digital currency that is fully backed by U.S. dollar assets; AAVE, the native token of the decentralized Aave platform; and DAO Makers governance token, MKR. Partner. They will receive different proportions of the sale outlined in Fee structure table in the Cryptocurrency they list with. How to Buy Only1 in Pakistan - Bitget.com Twitter / Medium / Whitepaper / Website / Telegram / Discord, How we strive to become the future of web3 social media, What role does $LIKE play in the decentralized creator economy, Initial NFT Offering The Ones, lottery enter begins 18 Oct. While non-native tokens can be used for almost everything in a DApp, the transaction fees called gas fees in Ethereum have to be paid in ETH (denominated in wei). Provides a platform that allows you to interact directly with. *A : How activate the creator is across social platforms. But with Only1, a decentralized social media platform, users can get direct rewards to get their attention. A: Yes, in the future, were not planning to restrict any NFTs to be listed on our marketplace. So if you own 100 the ONEs, your have 100 votes. Intelligence, Connected We help creators monetize without third parties via creator staking pools. Optimized for users Unlike traditional social media platforms, ads are optimized for users, not platforms. Our native token and NFTs grant holders unique access to the creators, ability to govern the platform and rewarded for doing so. In Only1, social media content creators run the Know Your Customer (KYC) process. Furthermore, LIKE can reach a maximum price level of $0.767. Only1, What is Only1? | CoinMarketCap Proof-of-Stake (PoS) is a cryptocurrency consensus mechanism used to confirm transactions and create new blocks through randomly selected validators. What factors affect the APY of a creator staking pool? They also have a 6 months no-vest period so they cant sell just yet even if they want. A: We can provide the technology required to launch NFTs including the generation script, minting program, lottery system, and distribution. While a number of different cryptocurrencies can be used in lending pools and as collateral, using AAVE brings benefits. Being a decentralized platform sets it apart from traditional centralized social media platforms such as Twitter, Facebook and Instagram. Bitcoins Million-Dollar Penny. *A : All of the above. Fans can use $LIKE, or native platform token, to compete for NFTs Star on Only1 Marketplace, Fans will be able to bet $LIKE on their favorite influencers profile, The Genesis NFT owner as well as the creator will earn a share of the wagering rewards, Creators have the ability to post unique content in the form of an NFT, Fans bid on the Only1 marketplace for NFT using LIKE Token, When an NFT is purchased, a part of the LIKE tokens is burned, Other fans unlock content with LIKE, get lottery tickets (weekly draw). For example, certain cartoons are banned in China because it resembles a political figure. Jon Peddie recently hosted a talk at the GamesBeat Summit 2023 event about Universal Backlots (a, welcome to Fintech Times Biweekly news roundup for Tuesday, July 4, 2023. Financing and investment digital bank Tandem raised 20 million of Tier 2 capital from Quiram capital. 1. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. Validators are decentralized computers or nodes that approve and confirm transactions. The fees are denominated in Gwei (1 ETH is equal to 1 billion Gwei). Before making a final decision, this review reviews how Only1 works, its key features, strengths and weaknesses. Some of the initial uses of the token include: The price of Only1 is expected to reach a maximum level of $0.3245 throughout 2022. Only1 is the first NFT-powered social media built on Solana - the most scalable blockchain to date. The technical storage or access that is used exclusively for anonymous statistical purposes. There are several native tokens with their respective blockchains. USDC is a cryptocurrency referred to as a stablecoin, meaning that its pegged to the U.S. dollar on a 1:1 ratio; that is, 1 USDC equals $1. Lets start with ether, as it is the standard for cryptocurrency tokens, given that far more DApps are built on Ethereum than any other blockchain. You can learn more about the standards we follow in producing accurate, unbiased content in our. Native tokens are used to pay via blockchains and for transaction fees and as collateral by the blockchain validators using consensus mechanisms such as. *This field is required.A: The creator, Content-NFT owner and Only1 platform. KuCoin AMA With Only 1 The First NFT-Powered Web3 Decentralized How to Buy Only1 in Nepal - Bitget.com What is the name of our native token? It will be paid monthly after 1,000 the Ones has been bought back and burnt. Likewise . The cookie is used to store the user consent for the cookies in the category "Analytics". The Only1 market will consist of a number of different features that will set it apart from other NFT markets. As early as 2023 according to our crypto price prediction index, Only1 (LIKE) can reach a maximum level of $0.625, with the average trading price of $0.4645. Latest news about bitcoin, ethereum, crypto news Brasil, XRP, Dogecoin, Shiba Inu, Cardano, blockchain, NFT, DeFi, mining, cryptocurrency prices and much more. Once in effect, Copyright All rights reserved 2023 | PBird Media. Many decentralized finance (DeFi) projects are funded and many developers and investors paid with a portion of the non-native tokens created for that DApp project. The new world of decentralized social media is here, and its being built on Solana. Missed the excitement of the GamesBeat Summit? Mixing social media, NFTs, DeFi and the native token LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement. Native tokens are the foundational tokens of a cryptocurrency blockchain designed to function directly with the blockchain. How long will it take for the whole max supply of 500 million to be released, as that might have a value lowering effect on the token price if done too fast? What Is Mining, and Why Doesnt the Business of Bitcoin Work. And in conventional social media, creators have to go through middle-man to sell merchandise, paid advertisements, shout-outs, or any form of partnerships. Just as Ethereums Ether becomes valuable in this way, other blockchains, such as Solana and Algorand, have native tokens that enable smart contracts. By combining social media, NFTs, DeFi and the native LIKE token, Only1 offers a Web 3.0 solution for creator savings and fan engagement. The creator CryptoRUs for example have much views on YouTube but looking at his lasts videos I didnt found anything at least related to him using only1 platform and having a pool there. What problem(s) is Only1 trying to solve? A: We have a team of KOLs on not just crypto twitter and Youtube, but also in mainstream markets. Non-native tokens come in different categories, such as governance tokens, wrapped tokens, stablecoins, and oracle tokens. Then theres USD Coin, or USDC, the stablecoin issued by Circle. These cookies will be stored in your browser only with your consent. The transaction fees are in the appropriate blockchains native token ETH and SOL in this example. The key to creating a sustainable economy is to both generate revenue, keep token rewards under control, and prevent inflation. mentor the Genesis-NFT owner how to trade). Read more from PYMNTS Crypto Basics Series: Whats a Blockchain and How Does It Work? Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. For example, The Ones will have royalties that Only1 will use to buy floor price NFTs (to burn) until 1,000 have been bought, and the royalties after will be split with the NFT holders. For any transaction to be written onto the Ethereum blockchain, a fee is required, with higher fees bringing higher priority. What is the end state vision for how platform users engage the content creators ? Our native token and NFTs grant holders unique access to the creators, ability to govern the platform and rewarded for doing so., A DeFi (or SocialFi) structure that pays content creators for simply being active on social media providing value to the audience.. Complete list can be found here. The Ethereum blockchain transitioned to proof-of-stake in September 2022. What factors affect the APY of a creator staking pool? They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. Add to watchlist Market Market stats Market cap Not enough data Volume (24h) Not enough data Circulating supply Not enough data All time high Not enough data Price change (1h) +100% Price change (24h) +100% Q: Does you have any sort of agreements with those creators thats already listed on the platform? Non-native tokens are tokens whose blockchains are derivatives of another blockchain with a native token. The higher the engagement, the more APY will change depending on the engagement of the creator. In other cases, the native token carries the same name as the blockchain: Two notable ones are the Bitcoin blockchain with its native token, bitcoin, and the Stellar blockchain with stellar as its native token. The owner of the Genesis NFT, and the creator will both receive a small split of the staking pools reward! A: Utilities of the token are the main motives to hold it long-term. This cookie is set by GDPR Cookie Consent plugin. What is Only1's native token? (Short Question)*A : LIKE. On Only1, each creator will have ( ) Genesis-NFT where they can associate perks with these NFTs. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. A native token is the base token of a blockchain, and is often needed for transaction fees. Something due to the fact that the social media market is not fully prepared to accommodate the widespread adoption of decentralized applications. Make sure to take the lessons above first. Additionally, each unlock will give the viewer a lottery ticket that will be used every week for an airdrop draw. The value of any digital assets is closely tied to its supply and demand, simply put when there are more demand than supply, price appreciates. Ans: No. Only1 review: redefining social media experience using NFTs We are screening 24/7 for members that can be added to the list. Then Genesis NFTs are created for them. But to be launching on our official INO launchpad, there will be a vetting procedure to ensure all projects launching there are high quality (i.e. decentralized autonomous organization (DAO), Whitepaper: ChainLink, A Decentralized Oracle Network. When users say they are in it for the decentralisation, or be part of a revolutionary paradigm shift, what they really mean is they want to 2x their bags. In the near future we will be shipping social features such as Paid DM and others. But opting out of some of these cookies may affect your browsing experience. An example of a non-native token on another blockchain is the USD Coin (USDC) token, found on the Solana, Stellar, and Algorand chains. Q: What will be the royalties on market place? ERC20 is an Ethereum token standard, widely used for the purpose of token issuance on various platforms. OnlyFrens are community members who are advocates for Only1 and spread positivity around the server. Users can earn by being a creator and by staking LIKE tokens or NFTs. Find out how Cardano works and how to earn rewards. Only1 price today, LIKE to USD live price, marketcap and chart Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedback, and other third-party features. If the project takes off and the tokens value rises, the backers get a big payoff.

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