LIKE Tokenomics

Basic Information

  • Token Name: Only1
  • Ticker: LIKE
  • Total Supply: 500,000,000
  • Contract Address (Solana): 3bRTivrVsitbmCTGtqwp7hxXPsybkjn4XLNtPsHqa3zR

Utilities

  • Governance - Stake to participate in platform governance and earn
  • Buyback & Burn - Monthly buyback and burn based on revenue sharing (See detail below)
  • Platform Currency - Spend LIKE in NFT marketplace for discount or other social features
  • User Incentive - Superfans and Creators are rewarded for content creation

Revenue Stream

  • Marketplace 2% transaction fee
  • Launchpad 10% mint fee and 10% royalties (fee may vary)
  • Staked LIKE has a 7-day unstake lockup period. To unstake instantly, users pay 2% fee
  • Users pay LIKE to create their own creator staking pool to start earning as content creator
  • Superfan NFT initial auction sale 20% fee

Buyback & Burn

  • Fees can be in SOL, LIKE, and other tokens. There will be monthly LIKE buyback to convert treasury to 100% LIKE
  • Monthly LIKE burn 20% of treasury, removing it from circulation to reduce supply

Deflation Control

  • There is a monthly treasury target as reward emission to incentivise users to stake and create content, this target scales with number of monthly active user
  • If the treasury is more than the target, reward emission increases
  • If the treasury is below the target, LIKE will be injected to satisfy minimum reward emission

Reward Outflows

  • Creator rewards from creator staking pool
  • Superfan NFT rewards
  • APY Staking rewards
Tokenomics model will be reviewed to adjust for optimum platform performance and market conditions