only1 logo download PNG or SVG

Information about only1

Only1 is a groundbreaking social media platform that utilizes NFT technology and operates on the Solana blockchain, known for its scalability. In traditional social media settings, users strive for closer connections with creators, who often have to rely on intermediaries to monetize their content through merchandise sales, advertisements, partnerships, or shout-outs. However, Only1 eliminates the need for these intermediaries through two innovative mechanisms.

The first mechanism, called Creator Genesis-NFT (and Creator Staking), involves minting a Genesis-NFT for each new creator who joins the platform. These creators can associate special advantages with their Genesis-NFTs, such as mentoring the owner on trading. Platform users can stake $LIKE tokens on individual creators, and the APY (annual percentage yield) adjusts based on the level of engagement the creator has with their fanbase. Both the Genesis NFT owner and the creator will receive a portion of the staking pools' rewards, creating a mutually beneficial ecosystem.

The second mechanism revolves around Content-NFT farming. Creators can share exclusive content as NFTs, which can be sold on the Only1 marketplace. Users who purchase these NFTs gain access to the associated content. However, for those who are unwilling to pay the higher prices, they have the option to pay a lower unlocking fee (e.g., 1 $LIKE, depending on the creator) to view the content. A portion of the unlocking fee goes to the creator, while the remainder benefits the owner of the Content-NFT. Transaction fees in the marketplace also trigger token burn mechanisms. Moreover, each unlock grants the viewer a lottery ticket, which they can use in weekly lucky draws for airdrops.

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