$ 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. Will the royalties on marketplace be the same for every nft? Car, Buy 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. Learn about the Only1 & Take a Short Quiz to Earn $LIKE Ans: Only 1. The cookie is used to store the user consent for the cookies in the category "Analytics". This website uses cookies to improve your experience. We are screening 24/7 for members that can be added to the list. These cookies help provide information on metrics on the number of visitors, bounce rate, traffic source, etc. We help creators monetize without third parties via creator staking pools. This reflects their identity and can be associated with perks and rewards. The royalties are the fees for the collectibles creators. To determine whether the person won or lost, the blockchain needs a reliable source of information; oracle tokens such as Chainlinks are practical for this use. These platforms reward users by minting native utility tokens to distribute to active users. Superfan-NFT owners can choose to re-sell their Superfan-NFTs in $SOL or LIKE on Only1's marketplace, they can benefit from a 1% discount platform fee if the sale is in LIKE. Now He aims to simplify the complex concepts of blockchain and cryptocurrencies for the masses. Also called a "native token," "protocol token," "intrinsic token" or "built-in token." In the case of Bitcoin, its only purpose is a cryptocurrency, and . With Only1, users are rewarded for interacting and can create NFTs and share exclusive content with members. 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. How Many Only1 (LIKE) Tokens Are in Circulation? More APY. On Only1, each creator will have ( ) Genesis-NFT where they can associate perks with these NFTs. Only1 price today, LIKE to USD live price, marketcap and chart You also have the option to opt-out of these cookies. What features do Only1 offer? There will be token burn mechanisms from the transaction fees in the marketplace. Whats a Permissioned Blockchain and How Does Centralized Decentralization Work? What is a SPL Wallet and how to open one - Only1 Learn & Pharmacy, Healthcare In other cases, the first letter of the blockchain name is capitalized and that of the native token is lowercased to distinguish the two. These NFTs hold unique perks including an Airdrop of 500 $ LIKE tokens and more. Q: Would it be fine for you to share the team wallet so people could have conviction that team is here for the long run and didnt sell their tokens? Our native token and NFTs grant holders unique access to the creators, ability to govern the platform and rewarded for doing so. Only1 is the first NFT-powered decentralised social platform built on Solana. Ans: As many as possible, each piece of exclusive content will have its designated key-NFT. Q: Are you going to launch trading for nfts on the marketplace for projects that already exist and dont had an INO on only1? Buy any cryptocurrency without fees (100 fee credit. Unlocking fee will be in LIKE only. Mixing social media, NFTs, DeFi and the native token LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement. Ans: Initial Sale will be in $SOL. Fair Creator Economy Only1 pays users (content creators and fans) instead of the traditional advertising platform payment channels. An NFT genesis is coined when a breeder passes through KYC. How Only1 (LIKE) Works. 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. Ans: No. And in conventional social media, creators have to go through middle-man to sell merchandise, paid advertisements, shout-outs, or any form of partnerships. This added benefit lets the holder of AAVE govern through voting how the protocol works, changes that should be implemented, and more. In fact, Aave has a second non-native token, called aToken, which is given to lenders who lock tokens into borrowing pools as a reward above and beyond fees and interest. The owner will earn ( ) of the creator's staking pool TVL. Answer: How active the creator is across social platforms Q6) What is the name of our native token? Only1 is a social media protocol that uses NFT built on Solana. Native tokens are a blockchains foundational digital currency. Q4) On Only1, each creator will have ( ) Genesis-NFT where they can associate perks with these NFTs. 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. Similar blockchain-based economic model where users earn by engaging on the platform usually take the form of P2E (Play to Earn). Does there are any sort of fees besides royalties for the nft team on the platform? This compensation may impact how and where listings appear. Only1, What is Only1? | CoinMarketCap To understand the importance of a native token, lets review how the Ethereum blockchain functions and the role of Ether, its native currency. LIKE is Only1's native token that fuels the creator economy within the network. 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). Tobi is a freelance crypto writer at Investopedia. Q: Since in the nft space everyone is launching minting on their own website and then getting marketplaces after, how exactly do you plan to make people come and launch it on INO launchpad on Only1? The only one you might run across is ERC-721, the standard for NFT tokens. In addition, content creators on traditional social media platforms face constant censorship and monetization pressure from third parties. Prior becoming a creator on the platform they will have to pass KYC. Only1 also offers an NFT Marketplace and an NFT Launchpad. Furthermore, LIKE can reach a maximum price level of $0.767. Learn about Only1 & earn $5 LIKE - CoinMarketCap Earn - Publish0x Secondly. We help creators monetize without third parties via creator staking pools. An on-chain transaction costs just a fraction of a cent (average $0,00025 per transaction). A: Please see above tokenomics, $LIKE has a lengthy vesting schedule. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. Follow us to learn more. Creator economy is the incentivisation structure for user-generated content. We update our LIKE to USD price in real-time. This website uses cookies to improve your experience while navigating through the website. *A : 1,1%. What NFTs can users sell on Only1 Marketplace? * A : 1,1%. Only1 allows content creators to monetize directly by simply being active and engaging across various social platforms, what do we call this? Native tokens are a blockchains inherent digital currency. Picks, CE100 When an author creates a content NFT and a fan purchases an NFT using $ LIKE, some of the $ LIKE tokens used in the purchase will be burned and the supply will be reduced. Only1 has a Decentralized Autonomous Organization (DAO), which is responsible for regulating community guidelines and platform development while balancing the security of the community on the platform with freedom of expression. Genesis NFTs can also be traded on the NFT Marketplace. The most prominent example of this is the Ethereum blockchain, which houses several decentralized applications with their own tokens. 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. Required fields are marked *. Something due to the fact that the social media market is not fully prepared to accommodate the widespread adoption of decentralized applications. An example is Chainlink, which depends on the blockchain Ethereum. Ans: Currently, you hold one vote for every the Ones you own. Read more about us here. Ans: Only1 is the first web 3.0 social platform built on Solana. Your email address will not be published. We had our IDO on Raydium.io 3 Aug 2021. How to Buy Only1 in Peru - Bitget.com Whats a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars? How to Buy Only1 in Nepal - Bitget.com Only 1 Token (O1T) Price, Charts, and News - Coinbase LIKE's total supply: 500,000,000 Missed the excitement of the GamesBeat Summit? Investopedia requires writers to use primary sources to support their work. 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. Social media users want to feel more connected with the creators on the platform. A: Be more transparent and specific with the community regarding each small detail. Ans: No. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. Only1s INO: The ONES offered ( ) unique mints at the price of ( )A : 10,00, 1 SOL. For example, certain cartoons are banned in China because it resembles a political figure. This is a mix of different letters that represent an asset. Only1 (LIKE) - All information about Only1 ICO (Token Sale) - ICO Drops Price $NaN Keep an eye on Only 1 Token Get instant alerts for major price changes. How to Buy Only1 in Taiwan - Bitget.com Fungible tokens have a wide variety of use cases, but most have similar and identical properties as a set of tokens. Read below for more information. Some of these features include: Only1 is built on the Solana blockchain for several reasons, including: Solana truly achieves the three desirable qualities of any blockchain: scalability, security, and decentralization. Firstly, Creator Genesis-NFT (and Creator Staking) each integration creator will receive a Genesis-nft that they can associate perks with (e.g., guide the Genesis-NFT owner on how to trade). Only1 review: redefining social media experience using NFTs You can learn more about the standards we follow in producing accurate, unbiased content in our. On Only1, each creator will have ( ) Genesis-NFT where they can associate perks with these NFTs. Optimized for users Unlike traditional social media platforms, ads are optimized for users, not platforms. The cookie is used to store the user consent for the cookies in the category "Other. By combining social media, NFTs, DeFi and the native LIKE token, Only1 offers a Web 3.0 solution for creator savings and fan engagement. Valid for 3 months). Security company reveals that half of stolen NFTs are sold in 160 minutes, Artificial intelligence (AI) cryptocurrencies. Native tokens are often used to represent the value of a crypto ecosystem. What problem(s) is Only1 trying to solve? It is, effectively, a white-labeled cryptocurrency. The client sends the user credentials to the server and the server verifies them, generates the digital signature, and sends it back to the client. Token-based authentication is a protocol which allows users to verify their identity, and in return receive a unique access token. So if social media content creators want to increase their revenue stream and get bigger slices of pie, its a platform worth considering. Native tokens are used to pay via blockchains and for transaction fees and as collateral by the blockchain validators using consensus mechanisms such as. Payments, More A : All of the above. Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of since the industry exploded into the mainstream public consciousness over the last year-and-a-half. In short, it will be enough to understand what people are talking about and decide if you want to learn more. Only1 Price Today. The team is here for the long run so we made sure the interests are aligned. Chainlink. Details IDO (Raydium Launchpad): Aug 02, 2021 - Aug 02, 2021 IDO (Convergence Launchpad): Sep 07, 2021 - Sep 07, 2021 IEO (Gate Launchpad): Aug 03, 2021 - Aug 03, 2021 Token supply: 500,000,000 LIKE Total tokens for sale: 1,666,666.67 LIKE Legal Blockchain Platform: Solana Firstly, Creator Genesis-NFT (and Creator Staking) - each onboarding creator will be minted a Genesis-nft which they can associate perks with (e.g. .. Pay Later, Cross-Border How Many Only1 (LIKE) Tokens Are in Circulation? Such a trend has helped crypto penetrate mainstream market now more than ever., When choosing the blockchain to build on, Solana was the simple choice due to scalability. In other words, the inflow of native token via buybacks using platform revenue must be larger than the outflow of the native token to reward users. In addition to being a decentralized platform, Only1 uses non-fungible tokens (NFTs) to allow content authors to interact directly with their fans without the need for a third party. The owner will earn ( ) of the creators staking pool TVL. Amanda Jackson What Are Native Tokens? 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. The current CoinMarketCap ranking is #1510, with a live market cap of $769,416 USD. * A : How activate the creator is across social platforms. Imagine a world where both consumers and creators earn on the social platform they use. How Only1 (LIKE) Works. 2. *This field is required.A: The creator, Content-NFT owner and Only1 platform. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. 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. We also reference original research from other reputable publishers where appropriate. 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. You dont need to build a blockchain to make your own, which has marketing benefits on top of everything else. A: We can provide the technology required to launch NFTs including the generation script, minting program, lottery system, and distribution. Only1 is the first NFT-powered social media built on Solana - the most scalable blockchain to date. Our native token and NFTs grant holders unique access to the creators, ability to govern the platform and rewarded for doing so. Web token: The authentication via web token is a fully digital process. Besides LINK, other non-native tokens in this category are Band Protocol (BAND) and NEST protocol (NEST). They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. What factors affect the APY of a creator staking pool? *A : 1,1%. An example of a non-native token on another blockchain is the USD Coin (USDC) token, found on the Solana, Stellar, and Algorand chains. Any non-native token built on Ethereum is built to standards set by Ethereums developers that let the token work in the smart contracts run on the blockchain. To the team who launched the nft? We also use third-party cookies that help us analyze and understand how you use this website. LIKE's total supply: 500,000,000 Social media users want to feel more connected with the platform's creators. *A : All of the above. CFX Drops 6% After Conflux Network Says DWF Labs Bought $18M of Its Tokens With Only1, users are rewarded for interacting and can create NFTs and share exclusive content with members. A: The platform revenue streams includes marketplace platform fee, content-NFT unlocking fees, and others. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Some examples are the Ethereum blockchains native token, called Ether (ETH); the Binance Smart Chain, which has a native token called Binance Coin (BNB); and Cardanos native token, ADA. Fair Creator Economy Amanda Jackson has expertise in personal finance, investing, and social services. OnlyFrens are community members who are advocates for Only1 and spread positivity around the server. They can chat, tip and receive tips in LIKE tokens on the Web3 Messenger as well. Change the wallet network in the MetaMask Application to add this contract. A native token is meant to represent the value of the crypto networks ecosystem. What is the name of our native token? These types of tokens are also known as base tokens or intrinsic tokens because a blockchains design lets a particular token function with it. $LIKE is the Only1 platforms utility SPL-token with various use cases listed below: Q: Do you plan to build in the platform any sort of burn mechanics or buy backs mechanics(not talking about the buy backs from THE ONES)?? For any transaction to be written onto the Ethereum blockchain, a fee is required, with higher fees bringing higher priority. , the native token of the Only1 platform. $ 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. They are usually either the only token accepted for payment within the DApp, or come with some sort of benefits, as well see below. What is the end state vision for how platform users engage the content creators ? KuCoin AMA With Only 1 The First NFT-Powered Web3 Decentralized Newbie Only1's Token Burning Mechanism and Revenue Model (LIKE) July 8, 2022 400 total views 2022-07-08 11:51:43 Read more Top 50 Coins in the Market - Did you know it all? And were aware that we need to implement efficient mechanisms to prevent fake collections from being listed on our marketplace. Only one user and creator will earn tokens by participating in social activities on the platform and share the passive revenue generated from NFT transactions, as in the Play-to-Earn model. 1. A decentralized autonomous organisation (DAO) that regulates community guideline and platform development balancing safety of the community on the platform, and freedom of expression. Other categories of non-native tokens include storage tokens, privacy coins, and sports tokens. Q: How are you planning to do the marketplace more competitive for people to use it compared to others marketplaces? PYMNTS Crypto Basics Series: What's a Native Token, Non-Native Token For example, Ether symbolizes the value of the Ethereum ecosystem. Only1 is the first NFT-powered social platform built on the Solana blockchain. Registering on our platform is similar to registering on any other web3 platforms, you only need your Solana address. In addition, fans can bet $ LIKE tokens on the creator's staking pool (representing the creator's profile) and earn according to the pool's APY. Only1's Token Burning Mechanism and Revenue Model (LIKE) This is simpler as you dont have to manage a cryptocurrency, but you also cant mint your own. 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). Payments, Small & Initial NFT Offering (INO) is a new cryptocurrency crowdfunding innovation pioneered by Only1. And in conventional social media, creators have to go through middle-man to sell merchandise, paid advertisements, shout-outs, or any form of partnerships. 3. 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? This is not the case for Only1 as there are no third parties involved. Users can earn by being a creator and by staking LIKE tokens or NFTs. Secondly, Content-NFT farming the creator can post exclusive content in the form of NFT to be sold on our marketplace, the user who bought it will be able to see their content, but for others who don't prefer to pay dearly, they can pay the unlock (which can be as low as 1 LIKE depending on the creator) to view the content, part of the unlock fee will go to the creator and the other part to the content owner-NFT. It does not store any personal data. What is Only1 coin (LIKE) token, social platform, NFT and Solana? Only1 LIKE Price Today, USD converter, Live Chart, Market Cap Ans: 3bRTivrVsitbmCTGtqwp7hxXPsybkjn4XLNtPsHqa3zR. A ticker symbol is used when identifying a token with a name similar to its blockchain. This cookie is set by GDPR Cookie Consent plugin. Only1 Token (LIKE) is now available on ONUS - goonus.io This cookie is set by GDPR Cookie Consent plugin. Likewise, Superfan-NFT owners should only sell these NFTs at Only1's Marketplace to ensure correct rewards distribution. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. This cookie is set by GDPR Cookie Consent plugin. Where creators choose to upload content and where users gather to consume it plays an important role. Lets do a deepdive into the tokenomics of. We plan to expand our marketing network to other countries soon as well including India, Middle-East, and more. Q: Do you have any plans to do initiatives with raydium or others exchanges to boost the liquidity for like? Commerce, Real-Time What factors affect the APY of a creator staking pool? Only1 is the first NFT-powered social platform built on the Solana blockchain. NFTs have created a paradigm shift within the crypto industry, but more and more innovative products like Only 1 are emerging to solve the problem of centralization. During the life of the token, users then access the website or app that the token has been issued for, rather than having to re-enter credentials each time they go back to the same webpage, app, or any . All members have an equal voice. Well, for one thing, you may need both a native and a non-native token to make a transaction on a blockchain decentralized application, or DApp. They are all pegged to the dollar by the same reserve fund of U.S. dollars, but Ethereum USDC is usable on Ethereum only, while Solana USDC is for transactions with projects on that blockchain. Platforms, Subscription Proof-of-Stake (PoS) is a cryptocurrency consensus mechanism used to confirm transactions and create new blocks through randomly selected validators. More detail on fee structure can be found here. 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