Only1 has received investments from Gate.io and Bithumb crypto exchange recently. However, the amount of investments these partners put into the Only1 project has not been disclosed.
Only1 is an NFT powered social platform that runs on the Solana blockchain. Only1 aims to build an ecosystem where fans and creators can connect seamlessly. The platform allows both creators and fans to benefit from NFTs.
Creators can put their NFTs on auction, and fans can also earn crypto by interacting with their favorite creators.
$LIKE is used as the native cryptocurrency on the Only1 platform. The token has a total supply of 500,000,000, with an initial market cap of around $1,303,776. $LIKE will be sold in a future public sale for $0.060 per token.
Using the $LIKE token, fans can participate in auctions and place bids on NFTs from popular creators. Creators will be rewarded with $LIKE tokens every time their NFT is resold. Moreover, fans will be able to use this token to tip their favorite creators whose content they enjoy, and there will also be a system of staking $LIKE tokens for holders to earn a passive income.
Only1 is planning to introduce new features to their platform in the near future. According to their roadmap, Only1 will offer an IDO soon with a beta launch and a functional marketplace.
A public launch is expected in Q3 of this year. Only1 is also expected to launch a mobile app next year and bring voting and governance features to their platform.
Learn more about this project here.