DarePlay will host Fanverse’s IDO as our most recent move towards Social-Fi and Web3 field

Coming up next, in the IDO board on DarePlay, is Fanverse, a social-NFT-platform-based blockchain project. The event promises to be another exciting one on DarePlay.

Introducing Fanverse

Fanverse is Social NFT Platform for content creators and fandom communities.

All kinds of NFTs, Digital arts, fan/social tokens, games, donation charities, metaverse, can be freely shared in Fanverse Platform.

Project review

Fanverse is a Social NFT Platform exclusively designed for various content creators and its fandom communities supporting various types of NFT assets ranging from digital arts, fan/social tokens, games, donation charities, metaverse and all other forms of digital services and assets.

Fanverse see business opportunities in these following aspects:

- Acceleration of Digital Assetization of music, arts, games, and all other types of contents

- Expansion of Digital Currency Ecosystem such as Bitcoin, Ethereum, and Central Bank Digital Currency (CBDC)

- Rapid Growth of Digital Ecosystem spearheaded by the MZ Generation such as Metaverse

In detail, Fanverse’s business model includes 3 main sectors.

Fanverse's backers & partners

Fanverse has an impressive network of partners and backers, including Poptune Productions, PAVILION, POCKETDOL STUDIO, KONCA,LIVEVERY, Step Up Investment, KBCCA, AURORA_MEDIA, CRYPTO PAINTERS, BLOCK BATCH, FANFFLE, 9 PARTNERS, PENTASQUARE..etc

The utility of $FT token

$FT is a Fanverse Platform token used for payment, service fee, voting, staking, and in other various functions provided within the Fanverse platform.

- Governance Voting : $FT token holders can raise a critical opinion on the platform operation regarding new features, trading fees, community reward plans, and various other key decisions needed and will be able to participate in the voting depending on the amount of token possessed. The operation policy on fee treasury arising from the issuance of social/fan tokens within the Fanverse ecosystem will also be organized in the form of DAO through governance voting.

- Discount of Service Fee : All users within the Fanverse Platform can deposit certain amount of $FT tokens to get special discount on the service fees during trading, auction or in event participation. Moreover, when purchasing a certain NFT asset or social/fan tokens, a maximum of 50% discount on the trading fees will be applied in the transaction.

- Activity Reward : Platform users can earn $FT as activity rewards when participating in NFT trading, community events, and in various other promotions and features. Fanverse platform decides the amount of activity rewards to be given to incentivize active community activities and content creation through the form of community voting.

■ Token Name : FT
■ Blockchain Type : Multi-Chain System [ERC-20 (Ethereum, Main Chain) / Tron (TRC-20) / KIP-20 (OKEx Chain) / HRC-20 (HECO) / CRC-20 (Conflux) / BEP-20 (Binance Smart Chain)] / Polygon.
■ Total Supply : 1,000,000,000 FT

$FT token tokenomics

$FT token distribution is as follows:

The Fanverse team’s fundraising program will consist of 4 sale rounds

• Seed Round: 1 $FT = $0.2 (complete)
• Private A Round: 1 $FT = $0.3 (complete)
• Private B Round: 1 $FT = $0.4 (complete)
• IDO: 1 $FT = $0.5 (ongoing)

For more information, please refer to Fanverse's whitepaper on their main website http://fanverse.world/

$FT IDO on DarePlay

IDO Value, Price, & Vesting policy

$FT IDO on DarePlay will have the value of $100K. IDO Price will be 1 $FT = $0.5 and the token will be sold under the vesting policy as specified below:

25% unlocked at token genesis event (June 1 2022)

25% unlocked at July 1st 2022

25% unlock at August 1st 2022

25% unlock at September 1st 2022

IDO Structure

We’re planning to open 3 pools of $FT IDO on DarePlay

• DP Holders Pool ($50,000 ~ 100,000 $FT): For DP Holders and follows DareLaunch v2 model. To get DP, you must stake $DNFT on DareFarm or add liquidity to $DNFT-BNB pair on Pancakeswap to get LP token then stake LP token on DareFarm. DareFarm link: https://dareplay.io/dare-farm
• Whitelist Guaranteed Pool ($30,000 ~ 60,000 $FT): For whitelist winners and winners of pre-IDO competitions & activities
• Community Pool ($20,000 ~ 40,000 $FT): For anyone, there’s no condition to join, and allocation per address will be a fixed small amount

IDO Anticipated Timeline

Below is the anticipated timeline for $FT IDO on DarePlay:

• DP Holders Pool:

Warm Up Phase (pre-deposit DP): 10AM UTC May 27-> 3AM UTC May 28

Burn To Earn Phase (burn DP to get $FT allocations): 3AM UTC May 28-> 3AM UTC May 31

Swapping Phase (buy $FT): 3AM UTC May 31-> 3AM UTC June 1

• Whitelist Guaranteed Pool: 3AM UTC May 31-> 3AM UTC June 1
• Community Pool: 7AM UTC June to pool sold out
• $FT Listing: 2PM UTC June 1

What you can do now to be well-prepared for the IDO?

There 2 things you can do immediately:

• Pre-deposit DP in DP Holders Pool to gain advantage over others. The Warm Up phase of DP Holders Pool will last until 3AM UTC May 28: https://dareplay.io/dare-launch/ft-igo-17
• Register for Fanverse IDO Whitelist form at https://forms.gle/XGPrX8S4PstDoMGq8. If you’re lucky, you will get guaranteed allocations in Whitelist Guaranteed Pool

About Fanverse

Fanverse is Social NFT Platform for content creators and fandom communities.

All kinds of NFTs, Digital arts, fan/social tokens, games, donation charities, metaverse, can be freely shared in Fanverse Platform.

Learn more about Fanverse:

Website | Twitter | Medium | Telegram (Global) | Telegram(KR) | Telegram (VN) | Whitepaper(VN)

About DareNFT

DareNFT is the universal NFT 2.0 protocol for Digital Assets. The mainstream adoption of NFTs depends on their ability to wholly reflect the benefits of digital assets. DareNFT has developed a suite of products that solve the current problems of NFT 1.0, which are: Unrecognized benefits between NFTs, Unrecognized relationship between NFT owners, and hidden risks of NFT Ownership. Our first product is DarePlay, the GameFi platform offering INO & IGO/IDO launchpad for NFT games, Rent-to-Earn and Lease-to-Earn marketplaces for in-game items NFT, and an NFTifying service for non-NFT games, so-called NFT-as-a-Service. We have plans to move further with the derivative NFT content platform after our first product has been completely built and well-positioned in the market.

Learn more about DareNFT:

Website | Telegram group| Telegram Channel | Twitter | Medium