Learn about the Only1 LIKE & Take a Short Quiz to Earn $LIKE

If you have trouble submitting the quiz, please try again at this dedicated link: https://coinmarketcap.jotform.com/213254275468965

The Only1 “Learn & Earn” Campaign will run from 2021.11.23 (11:00 AM UTC) to 2021.12.22 (23:59:59 PM UTC) and Quiz will be live at 11:00 AM UTC, November 23rd.

1. What problem(s) is Only1 trying to solve? [Hint]
a. Conventional social media platforms extensively benefit from their users, including creators and audiences alike.

b. Conventional social media platforms leverage users’ personal data for profit.

c. Conventional social media platforms frequently adjust their algorithms to govern the content we encounter.

a. Engage-to-earn
b. Social-to-earn
c. Create-to-earn
d. Generate-to-earn

*Answer & Explanation: We empower content creators to monetize directly by actively engaging across different social platforms (akin to a decentralized Patreon). Users can interact with and support their preferred content creators without compromising their personal data, all while earning rewards for their engagement. This concept is referred to as Create to Earn (C2E).

a. Novel NFT Applications : Genesis-NFT and Content-NFTs
b. Creator Staking pools
c. Marketplace
d. Initial NFT Offering (INO) Launchpad
e. DAO Governance and Paid DM
f. All of the above

*Answer & Explanation: We enable content creators to directly monetize via Creator Staking pools and two innovative NFT applications, namely Genesis-NFT and Content-NFT. Both creators and users have the opportunity to trade these NFTs within our marketplace. Additionally, we introduce the Initial NFT Offering, or “INO” launchpad, as a groundbreaking cryptocurrency crowdfunding concept, akin to the Initial Coin Offering (ICO), where a limited edition set of NFTs is offered for sale through the Only1 INO Launchpad. Our roadmap also includes features such as DAO Governance and Paid DM.

a. 1, 1%
b. 1, 0.5%
c. As many as they like, 1%
d. As many as they like, 0.5%

*Answer & Explanation: Every onboarding creator possesses a unique NFT known as Genesis-NFT. Creators have the ability to link exclusive benefits to these NFTs, such as offering to be a trading mentor for the owner. In return, the owner earns 0.5% of the creator’s staking pool.

a. How famous the creator is
b. How attractive the creator is
c. How many shout outs/paid ads does the creator do
d. How active the creator is across social platforms

*Answer & Explanation: Every onboarding creator manages an individual staking pool with an Annual Percentage Yield (APY) that dynamically adjusts based on their activity across social platforms. Additionally, creators earn 1% of the Total Value Locked (TVL). The more active a creator is, the higher their earnings—a distinctive manifestation of our unique Create-to-Earn (C2E) model.

Correct Answer: LIKE / https://coinmarketcap.com/currencies/only1/

7. For Premium Content-NFTs, users can pay a small ‘unlock fee’ in $LIKE, each unlocking fee will be split between (    ). [Hint]
a. The creator, Content-NFT owner and Only1 platform
b. The creator and Content-NFT owner
c. Content-NFT owner and Only1 platform
d. The creator and Only1 platform

*Answer & Explanation: Creators have the ability to upload and mint premium content NFTs, and users can either acquire the NFT directly or pay an ‘unlock fee’ using $LIKE, our native token, to access it. The fees paid by users for unlocking content are distributed among the creator, the Content-NFT owner, and the platform. Each unlock also provides the user with a lottery ticket, offering a chance to win additional rewards.

a. Community can vote for promising projects to be listed on INO launchpad, providing exposure to potential investors
b. Inherent supply scarcity of the NFTs, increasing their investment return
c. Both projects and investors can benefit from the low transaction fee
d. All of the above

*Answer & Explanation: Transitioning from ICOs, IEOs, and IDOs, Only1 introduces INO (Initial NFT Offering), a pioneering cryptocurrency crowdfunding innovation. INO entails the sale of distinctive NFTs through our INO Launchpad. The necessity and advantages of INO include fundraising before project realization, community voting for project listings, leveraging Solana’s minimal transaction fees for the benefit of creators and investors, and empowering investors to capitalize on the inherent scarcity of NFTs, enhancing their investment returns.

a. 1,000, 1 $SOL
b. 1,000, 1000 $LIKE
c. 10,000, 1 $SOL
d. 10,000, 1000 $LIKE

*Answer & Explanation: Regarding Only1’s INO, “The ONES,” we presented 10,000 exclusive Only1 NFTs at a cost of 1 $SOL each. Allocation was determined through a lottery system. The entire sum of $SOL raised was utilized to repurchase $LIKE, our native tokens, and subsequently added to the reward emission, benefiting our early users.

10. What NFTs can users sell on Only1’s marketplace? [Hint]
a. Genesis NFTs
b. Premium Content NFTs
c. INO NFTs
d. Other NFTs
e. All of the above

*Answer & Explanation: Creators and users have the option to sell or trade their Genesis-NFTs, Content-NFTs, INO NFTs, and other NFTs within our marketplace using our native token $LIKE. The Marketplace tab offers convenient features, allowing users to search for their favorite creators or those within a specific genre. Filters are available to refine searches for Genesis-NFTs, Content-NFTs, or NFT collections. Users can also sort NFTs based on criteria such as price, average daily reward, and more.

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ONLY1 Website: https://only1.io
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