After the initial success of Friend.tech, the Base ecosystem continues to have new pieces in the SocialFi segment, Unlonlely is one of the names with the promise of making the Base ecosystem more developed in the future. hybrid. So what is Unlonely? Let’s learn about the decentralized social network Unlonely in this article.
To better understand the Base ecosystem as well as the SocialFi segment, people can refer to the following articles from Weakhand:
- What is Base? Base Cryptocurrency Overview
- What is Social Graph? An Indispensable Piece of SocialFi Platforms
- What is SocialFi? TOP 5 Most Outstanding SocialFi Projects Currently
- What is Farcaster? Farcaster Cryptocurrency Overview
What is Unlonely?
Unlonely is a live streaming platform built on the Base ecosystem with many interesting features such as betting, launching private tokens,… Unlonely’s development team sets this development goal becoming the Twitch of Web3, it is known that Twitch is one of the largest live streaming platforms at the present time.
To use the Unlonely platform, people only need to own a device with a network connection (both PC and Mobile) along with a Metamask wallet address.
Unlonely’s mechanism of action
For easy analysis, we can divide Unlonely’s user file into 2 different parts:
- Creator: Celebrities participating in live streaming on this platform.
- Followers: People who are fans of Creators and join the platform to watch live.
Unlonely brings a new term called Creator Token, allowing celebrities to create their own tokens on this platform. Creator Token is an ERC 20 standard token. When released, the default total supply will be 1,000,000 and is priced at $1 per token.
The price of the token will be calculated by combining many different performance metrics from the Creator such as live broadcast time, number of viewers, etc. In addition, the platform will not collect any fees. from the token sale, all token purchase funds will be transferred directly to the Creator.
By holding Creator tokens, Followers will be able to use them for the following purposes:
- Betting: Participate in voting yes or no on a bet created by Creators on their stream, the winners will receive approximately tokens from the losers and pay 10% (5% to the platform, 5% to Creator).
- Donante: Followers can use purchased tokens to send donations to Creators.
- Request action: Followers can use tokens to request Creators to do anything.
- Get badge: Holding Creator tokens will also allow Followers to receive special badges when messaging in the chat box.
In addition, because the standard of Creator Tokens is ERC-20, those who hold them can participate in other activities on other platforms such as providing liquidity, swapping,…
How to issue Creator tokens on Unlonely?
To issue tokens on Unlonely, people need to meet the following requirements:
- Own a private channel on Unlonely.
- Stream for a minimum of 10 hours over a 1-2 week period.
- Achieve at least 25 views at the same time.
What are NFCs?
NFC stands for “non-fungible clip”, similar to NFTs, these clips are uploaded to the blockchain and stored permanently and are not duplicated. Anyone can create 30-45 second NFCs cut from Creators’ live streams.
Development Roadmap
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Investor
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Core Team
- Grace: Co-Founder of Unlonely, previously worked for Google and Youtube.
- Brian: Co-Founder of Unlonely, previously worked at Mem Protocol and was CTO of SciFind.
Tokenomics
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Exchanges
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Project Information Channel
Summary
Above is the information that everyone needs to understand to understand what Unlonely is? Weakhand hopes that this article has brought everyone useful information and served well the research and investment process.
