Singapore - 06-09-2021 (PR Distribution™) -
Singapore, June 8, 2021. Fan8 coin — the first reflection token (the Safemoon Model) issued by an established company with a clear business case for converting intangible qualities Into tangible value — has been issued on the Binance Smart Chain to help fans reach idols (artists, musicians, influencers, and celebrities) in a more immersive and intimate setting than today’s social media platforms. While there are dozens of social media sites with billions of users, Fan8 is a natural evolution because it provides a real-time communication platform for virtual meetings, concerts and talk shows, while at the same time, putting the monetary power back into the hands of the artists to allow them to earn a better living. The dynamic platform will provide live conversations/concerts for up to 10,000 audiences at a time; gifting, as well as NFTs for digital collectibles. Fan8 token holders will receive something similar to the so-called “Universal Basic Income” by getting 5% of the transaction amount on-chain applied directly to their wallets.
The Fan8 Token
- The token symbol: FAN8.
- Limited Supply: The total amount of minted Fan8 tokens is 888,888 tokens
- Large Liquidity Pool: PancakeSwap Initial Pool worth $500K
- The smart contract is fully audited by the security firm
Fan8 intends to develop a movement to disrupt the online live entertainment industry while giving back to the artists directly. Fan8 can be used for payment, gifts/donations, and NFT on the Fan8 platform.5% of every transaction gets redistributed to holders in proportion to their holdings. In addition, an 5% extra will be contributed to the Liquidity Pool for the stability of the pool in general.
The Fan8 Platform Usage
The owners of Fan8 tokens can use the Fan8 platform to spur activities, promote platform transactions such as payment, gifts/donations, and NFT, in order to contribute to the platform’s growth and usability, such as the membership level. The Idols can do the following:
• Conduct a real-time online talk show or comedy
• Perform musical concerts anywhere for their fans to participate across the world online in real-time.
• Idols can sell tickets and receive monetary donations in real-time during the event from the audiences.
• Open and run their merchandise stores with physical goods or collectibles, even with the non-fungible token (NFT).
”The pandemic showed that the world was changing and Fan8 is the next evolution in entertainment. Fan8 was developed to help Idols across the globe to perform and earn a better living, while the holders of Fan8 tokens are able to earn a form of Universal Basic Income.” said Dr. William H. Nguyen, founder of the Fan8 platform.
Media contact: Dr. William H. Nguyen
Company: Beowulf PTE LTD
Contact Name: Dr. William H. Nguyen
For the original news story, please visit https://www.prdistribution.com/news/fan8-launches-new-defi-token-to-create-an-immersive-world-for-artists-celebrities-and-idols-with-their-fans-2.html.