ONLY1 WHITEPAPER
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Overview

Updated June 2023

What is Only1?

Only1 is a membership-based social platform to enable creators to earn and engage with fans. By bulding on Solana - a fast and cheap blockchain, Only1 offers creators new ways to make money while engaging with fans in an intimate way.

Enabling creators to earn

  1. 1.
    Creators can launch digital collectibles as memberships, or Passes. Fans can buy Passes to gain exclusive access to the creator. Passes can also be traded the marketplace, creator earn 5% royalties on every trade.
  2. 2.
    Creators can launch 0%-fee subscription, Only1 utilizes blockchain technology to enable direct peer-to-peer transactions which eliminates the costs of payment processors and banking partners. Creators earn 100% of the subscription fee from fans.
  3. 3.
    Creators can launch Staking Pool. Users can stake LIKE token in a creator staking pool to earn LIKE reward based on the reward rate (APY), the APY increases if creator is active on the platform. Creators receive LIKE over time proportionate to the amount of LIKE staked in their pool.

Fan engagement

Fans who purchased memberships from the creator can enjoy many benefits:
  1. 1.
    Access to exclusive content such as photos and videos posted by the creator
  2. 2.
    Send direct messages to the creator
  3. 3.
    Transaction anonymity by paying with crypto

How is Only1 better than Patreon or OnlyFans?

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Last modified 8mo ago