AscendEX, a worldwide digital asset buying and selling platform with a complete product suite, is thrilled to announce the itemizing of the Only1 token (LIKE) beneath the pair USDT/LIKE on Sept 2 at 1 p.m. UTC. In celebration of the LIKE itemizing, AscendEX and the Only1 group will collectively launch 4 limited-time promotional occasions, going down between Sept 2, 1:00 a.m. and Sept 9, 12 a.m. UTC, providing pooled rewards price as much as 90,000 USDT!
Only1 is the primary NFT-powered social media platform constructed on Solana. They intention to focus on social media customers who need to really feel extra linked with content material creators and creators who need to monetize their content material extra straight.
Only1 has created options for these person varieties via two revolutionary NFT purposes, Genesis-NFT and Content material-NFT, each of which give customers the power to earn rewards for holding them. Only1 encourages social engagement by offering alternatives for asset holders to earn revenue whereas creators share content material and followers have interaction with it.
Every onboarded creator can mint one Genesis-NFT. Every content material creator could have their very own staking pool that produces LIKE tokens which can be distributed to staking customers, the creator, and the Genesis-NFT proprietor. Customers can stake tokens in creator staking swimming pools with APYs that correlate to the creator’s platform exercise.
The APY calculation algorithm is regularly up to date to optimize for max social engagement and honest rewards distribution for all customers. When calculating the APY, the algorithm considers metrics akin to every day logins, frequency of posting content material, DM responses, fan engagement, and NFT minting exercise.
Creators can submit unique content material within the type of NFTs (Content material-NFTs) that customers can commerce on the Only1 market. Content material-NFTs can be found for buy and are unlockable, that means a person should buy the Content material-NFT to personal the content material, and different customers will pay a small unlocking payment to view the content material. The unlock charges are then distributed to the creator and the Content material-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 is usually the token used to reward staking customers and NFT holders. Moreover, 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 group and has listed 11 NFT tasks to this point together with. By offering a platform to record NFT-based tokens, AscendEX has empowered its group to get extra actively concerned with NFT tasks like Only1.
AscendEX is a worldwide cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures buying and selling, pockets companies, and staking assist for over 150 blockchain tasks akin to 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 revolutionary tasks from the DeFi ecosystem akin to Thorchain, xDai Stake, and Serum.
AscendEX customers obtain unique entry to token airdrops and the power to buy tokens on the earliest potential stage. To be taught extra about how AscendEX is leveraging greatest practices from each Wall Avenue 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:
Web site: https://ascendex.com
Only1 is the primary NFT-powered social media platform constructed on Solana that connects creators and customers whereas offering yield for token holders through two novel NFT purposes – Genesis NFT and Content material-NFT.
For extra info and updates, please go to:
Web site: https://only1.io/
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