AscendEX, a global digital asset trading platform with a full suite of products, is pleased to announce the listing of the Only1 (LIKE) token on the USDT / LIKE pair on September 2 at 13:00 UTC.
On the occasion of the LIKE list, AscendEX and the Only1 team will jointly launch four promotional events for a limited time, which will take place between September 2 at 1:00 and September 9 at 00:00 UTC, offering Cumulative rewards worth up to $ 90,000.
Just 1 below the USDT / LIKE pair is the first NFT-based social media platform built on Solana. It aims to target social media users who want to feel more connected to content creators and creators who want to monetize their content more directly.
Only1 has created solutions for these types of users through two innovative NFT applications, Genesis-NFT and Content-NFT, which offer users the possibility of obtaining rewards for maintaining them. Only1 fosters social engagement by offering opportunities for asset owners to earn income while creators share content and fans interact with them.
Any creator on board can mint a Genesis-NFT. Each content creator will have their own share group that produces LIKE tokens that are distributed to share users, creator and owner of Genesis-NFT. Users can bet tokens on creator betting pools with APYs related to the creator’s platform activity.
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APY calculation algorithm is continually updated to optimize maximum social participation and fair distribution of rewards for all users. When calculating the APY, the algorithm considers metrics such as daily views, content posting frequency, DM responses, fan engagement, and NFT minting activity.
Creators can publish exclusive content in the form of NFT (Content-NFT) that users can trade on the Only1 market. Content-NFTs are available for purchase and can be unlocked, which means that a user can purchase Content-NFT to own the content and other users can pay a small unlock fee to view the content. Unlock fees are distributed to the creator and owner of the Content-NFT.
LIKE tokens are the native token of the Only1 platform and can be used to bet on creator betting pools, coin NFT and trade NFT on the Only1 market, unlock content, and as a government token for the protocol. It is also the token that is used to reward betting users and NFT holders. In addition, a token burning mechanism is integrated into each transaction that contributes to the total price of the LIKE token.
AscendEX is committed to and supports the NFT community and has so far listed 11 NFT projects included. By providing a platform for listing NFT-based tokens, AscendEX has enabled its community to participate more actively in NFT projects like Only1.
About AscendEX
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite that includes locating, trading and futures trading, portfolio and stake support for more than 150 blockchain projects such as Bitcoin, Etheruem, and Ripple. Launched in 2018, AscendEX serves more than 1 million retail and institutional clients worldwide with a highly liquid trading platform and secure custody solutions.
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AscendEX has become a leading ROI platform in its “Initial Exchange Offerings” by supporting some of the industry’s most innovative projects in the DeFi ecosystem, such as Thorchain, xDai Stake and Serum. AscendEX users receive exclusive access to airdrops tokens and the ability to purchase tokens as soon as possible. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, visit the website.
For more information and updates, visit the website, Twitter, at, or medium.
About Only1
Only1 is the first NFT-based social media platform built in Solana that connects creators and users while providing performance to token holders through two new NFT applications: Genesis NFT and Content-NFT.
For more information and updates, visit the website, Twitter, at, or medium.
Disclaimer
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