Only Fans was launched as a parody project on the Binance Smart Chain of the popular adult entertainment website OnlyFans. As per its whitepaper, Only Fans is a token launched to support the rights of workers in the adult industry. The token is against the culture of women exposing their bodies on the internet for making easy money and men supporting and buying into the system. As a result, the performers are only left with a tarnished reputation.
The project's main aim is to spread awareness about this issue by promoting healthy discussions and with the help of memes. The memes created here by the team and community members feature actual fans in the adult pictures. The platform has created hundreds of memes and wants to spread the message to the maximum number of people. The project ensures high-quality entertainment by providing laughter and joy to the holders. The platform considers its users very important and rewards holders with 5 percent reflections.
The platform offers passive income to users by holding the tokens. OnlyFans uses a proof-of-workconsensus mechanism. It employs an anti-whale feature to prevent big existing whales (users with large stakes) from pump and dumping to provide additional security and better price protection to the users. An anti-whale system limits the sale of a token to a certain percentage of the total volume in circulation to prevent large holders from manipulating the token's price.
FANNED is the native token of the platform, and to get the token, users need to connect their cryptocurrency wallets. The reflection rewards are distributed in BUSD (Binance USD) tokens. BUSD tokens are distributed to safeguard users' interests and provide them with a stable income. The tokens are given in proportion to the quantity of FANNED each user holds.
A transaction tax of 13 percent is charged on the platform, out of which 7 percent is used to add liquidity on the platform, 5 percent is distributed to token holders as reflection, and 1 percent is used for marketing activities.
