This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Only1?

Only1 (LIKE) is a cryptocurrency token powering a decentralized social media platform built on the Solana blockchain. It enables creators to monetize their content directly through innovative mechanisms like Creator Genesis-NFT and staking, allowing fans to support and engage with creators without intermediaries. The platform also features Content-NFT farming, where exclusive content can be accessed through NFT purchases or unlock fees.

How is Only1 used?

Only1 (LIKE) is a cryptocurrency used on the first NFT-powered social media platform built on the Solana blockchain. The platform allows creators to monetize their content directly without relying on third-party intermediaries. Here are some key ways the LIKE token is used:

  1. Creator Staking Pools: Users can stake LIKE tokens on individual creators, earning a split of the staking pool rewards. The APY (Annual Percentage Yield) adjusts based on the creator's engagement with their fan base.

  2. Content-NFT Farming: Creators can post exclusive content as NFTs, which users can purchase. Those who buy the NFT can view the content, and others can pay an unlocking fee to access it. Part of this fee goes to the creator and the content-NFT owner.

  3. Governance: The LIKE token and NFTs grant holders unique access to the creators and allow them to participate in governing the platform.

  1. Marketplace Transactions: The LIKE token is used for transactions within the marketplace, where users can buy, sell, and trade NFTs.

  2. Token Burn Mechanism: Transaction fees in the marketplace are used to burn LIKE tokens, which helps maintain the token's value.

These mechanisms create a decentralized and community-driven social media platform where creators can earn directly from their content and users can engage with them without giving away personal data.

How do I store Only1?

To store Only1 (LIKE) tokens, you have several options:

  1. Exchanges' Wallets: You can store your Only1 tokens on exchanges like KuCoin, Binance, or Gate.io. This provides convenient access to trading and other investment products.

  2. Crypto Wallets: You can also store your Only1 tokens in crypto wallets like Trust Wallet. This allows for more control over your assets and can be used for long-term storage.

  3. Cold Wallets: For maximum security, consider using cold wallets. These are offline wallets that are less susceptible to hacking and other security risks. They are ideal for long-term storage and minimizing the risk of losing your funds.

How to buy Only1?

To buy Only1 (LIKE) tokens, you can follow these steps:

Buying on a Centralized Exchange (CEX)
  1. Register and Verify Your Account:

    • Sign up on a centralized exchange like KuCoin or Binance with your email address, mobile phone number, and country of residence.
    • Create a strong password and ensure stronger protection by setting up Google 2FA, anti-phishing code, and a trading password.
    • Verify your identity by providing personal information and uploading a valid Photo ID.
  2. Add a Payment Method:

    • Add a credit/debit card or bank account after verifying your account.
  3. Buy Stablecoins:

  • Use your added payment method to buy stablecoins like USDT, ETH, or BNB.
  1. Transfer to the CEX:

    • Transfer the purchased stablecoins to the CEX that supports Only1 (LIKE) trading in the spot market.
  2. Buy Only1 (LIKE):

    • Use the stablecoins to buy Only1 (LIKE) in the spot market.
Buying on a Decentralized Exchange (DEX)
  1. Choose a DEX:

    • Go to a decentralized exchange (DEX) that supports Only1 (LIKE) trading.
  2. Set Up a Web3 Wallet:

    • Download and install a Web3 crypto wallet like Metamask or Trust Wallet, which is supported by the DEX.
  3. Transfer Mainnet Cryptocurrency:

  • Transfer the mainnet cryptocurrency (e.g., ETH or BNB) to your self-custody crypto wallet address.
  1. Connect to the DEX:

    • Connect your wallet to the DEX by clicking "Connect Wallet" and following the instructions.
  2. Swap for Only1 (LIKE):

    • Find the "Swap" option on the DEX, select the token you want to trade from, and Only1 (LIKE) as the token to receive.
    • Enter the amount and confirm the swap.
Storing Only1 (LIKE)
  • You can store your Only1 (LIKE) tokens in your KuCoin account for quick access to trading products.
  • Alternatively, you can use a Web3 wallet like Metamask or Trust Wallet for self-custody storage.

Remember to be cautious of scams and ensure you are using the correct contract address for Only1 (LIKE) on the DEX.

Discover
Only1
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Only1

Discover
Only1
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Only1 works

Discover
Only1
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Only1's strengths

Only1's risks

Discover
Only1
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Only1 raise funds?

Discover
Only1
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Only1’s team

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of this token? Tell us on Discord