Only1 (LIKE) Buyback with 10,000 SOL from NFT sale
Only1 Initial NFT Offering (INO) raise funds to reward early adopters
Only1 is a NFT-powered social platform built on Solana. We help creators monetize and allow fans to connect with the creators they love in a unique way — think decentralized Patreon, read more on Create-to-Earn (C2E) here. Creator staking pools allow both users and creators to generate income, the LIKE bought back will be injected into the creator staking pools during the product beta stage for an APY boost.
Learn more about Only1 Initial NFT Offering
Buyback Mechanism
- The Ones NFT Sale concludes 20 Oct 2021
- ALL $SOL raised will be used to buy $LIKE every week for 4 weeks (25% per week)
- Buyback date: 20 Oct 2021 to 17 Nov 2021
- Transparency: At the end of each week during the event, we will announce the total amount of $LIKE bought back
Example:
Only1 INO raises 10,000 SOL. During the first week, 2,500 SOL will be sold for USDC, and the USDC will be used to buy $LIKE from markets such as Raydium using time-weighted average price (TWAP). If $SOL average price is $200 and $LIKE average price is $1, then 2,500 SOL will be spent to buy 500,000 LIKE.
Usage of bought back $LIKE — APY boost
Creator Staking Pools
Each creator on Only1 will have their own staking pool, and each has its own APY that changes according to the activities of the creator. Users can stake LIKE in the pools to earn APY. Each creator has only 1 genesis-NFT, holder of it earns 0.5% of the pool’s TVL per month! The LIKE from the buyback will be injected directly into the reward pool to increase the staker’s reward!
About Only1
Only1 is a NFT-powered social platform built on Solana. We help creators monetize and allow fans to connect with the creators they love in a unique way — think decentralized Patreon, read more on Create-to-Earn (C2E) here. Mixing social media, NFTs, DeFi, and the native token — LIKE, Only1 offers a web3 solution to creator economy and fan engagement.
The new world of decentralized social media is here, and it’s being built on Solana. Follow us to learn more.
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