Disclaimer: The textual content beneath is a press launch that was not written by Cryptonews.com.
, a world digital asset buying and selling platform with a complete product suite, is thrilled to announce the itemizing of the Only1 token (LIKE) underneath the pair on Sept 2 at 1 p.m. UTC. In celebration of the LIKE itemizing, AscendEX and the Only1 staff will collectively launch 4 limited-time promotional occasions, happening between Sept 2, 1:00 a.m. and Sept 9, 12 a.m. UTC, providing pooled rewards price as much as 90,000 USDT!
is the primary NFT-powered social media platform constructed on Solana. They intention to focus on social media customers who wish to really feel extra linked with content material creators and creators who wish to monetize their content material extra straight. Only1 has created options for these person varieties by two modern NFT functions, Genesis-NFT and Content-NFT, each of which offer customers the flexibility to earn rewards for holding them. Only1 encourages social engagement by offering alternatives for asset holders to earn earnings whereas creators share content material and followers have interaction with it.
Each onboarded creator can mint one Genesis-NFT. Each content material creator may have their very own staking pool that produces LIKE tokens which might be distributed to staking customers, the creator, and the Genesis-NFT proprietor. Users can stake tokens in creator staking swimming pools with APYs that correlate to the creator’s platform exercise. The APY calculation algorithm is frequently up to date to optimize for max social engagement and honest rewards distribution for all customers. When calculating the APY, the algorithm considers metrics reminiscent of day by day logins, frequency of posting content material, DM responses, fan engagement, and NFT minting exercise.
Creators can publish unique content material within the type of NFTs (Content-NFTs) that customers can commerce on the Only1 market. Content-NFTs can be found for buy and are unlockable, which means a person should purchase the Content-NFT to personal the content material, and different customers pays a small unlocking charge to view the content material. The unlock charges are then distributed to the creator and the Content-NFT proprietor.
LIKE tokens are the native token of the Only1 platform and can be utilized for staking in creator staking swimming pools, minting NFTs, and buying and selling NFTs on Only1’s market, unlocking content material, and as a governance token for the protocol. It can also be the token used to reward staking customers and NFT holders. Additionally, there’s a token burn mechanism constructed into each transaction that contributes to the general value of the LIKE token.
AscendEX is dedicated to and supportive of the NFT neighborhood and has listed 11 NFT initiatives up to now together with. By offering a platform to listing NFT-based tokens, AscendEX has empowered its neighborhood to get extra actively concerned with NFT initiatives like Only1.
About AscendEX
AscendEX is a world cryptocurrency monetary platform with a complete product suite together with , , and futures buying and selling, pockets companies, and assist for over 150 blockchain initiatives reminiscent of bitcoin, ether, and ripple. Launched in 2018, AscendEX companies over 1 million retail and institutional purchasers globally with a extremely liquid buying and selling platform and safe custody options. AscendEX has emerged as a number one platform by ROI on its “preliminary trade choices” by supporting a number of the trade’s most modern initiatives from the DeFi ecosystem reminiscent of Thorchain, xDai Stake, and Serum. AscendEX customers obtain unique entry to token airdrops and the flexibility to buy tokens on the earliest potential stage. To be taught extra about how AscendEX is leveraging finest practices from each Wall Street and the cryptocurrency ecosystem to deliver the most effective altcoins to its customers, please go to www.AscendEX.com.
For extra info and updates, please go to:
Website: https://ascendex.com
Twitter: https://twitter.com/AscendEX_Global
Telegram: https://t.me/AscendEXEnglish
Medium: https://medium.com/ascendex
About Only1
Only1 is the primary NFT-powered social media platform constructed on Solana that connects creators and customers whereas offering yield for token holders by way of two novel NFT functions – Genesis NFT and Content-NFT.
For extra info and updates, please go to:
Website: https://only1.io/
Twitter: https://twitter.com/only1nft
Telegram: https://t.me/only1nft
Medium: https://only1nft.medium.com/
