Full description of Flame Token
What is Flame Token?
Flame
Token (?) is a utility token for the creator economy. Flame Token is the native currency of Sharesome, the leading social discovery network for adult content creators and brands. It is already used as a value transfer mechanism on the platform. That means this is a project where the utility was built before the token was launched.
How does this work?
Think of Sharesome as a mix between Instagram, Twitter, and Reddit – without the hate-speech, but with the nudes. Sharesome has already 1.6M monthly active users and 500M monthly post views. You need Flame Token to buy advertising on the platform. Already, every month 30M paid posts are sold, generating a monthly revenue of 17.5M XFL. The project onboarded and verified over 7,000 content creators and is growing.
The best comparison with Flame would be for example ETH. You need ETH (utility token) to pay for the transactions (utility) on the Ethereum Mainnet (platform). Or BNB (utility token) that you can use to pay for fees (utility) on the
Binance exchange (?) Exchange (or Cryptocurrency exchange) (?) (platform). In our case, you use Flame Token (utility token) to pay for the goods & services (utility) on Sharesome (platform).
Above mentioned tokens are same, same, but different!
$ETH: Utility = Gas fees. Platform = Ethereum. Industry: Blockchain.
$BNB: Utility = Trading fees. Platform = Binance. Industry:
Crypto (?) Exchange.
$XFL: Utility = Promoted posts. Platform = Sharesome. Industry: Porn.
We want to change the way millions of content creators make a living.
At Flame Technologies, we believe that the future of work is driven by you being simply and unapologetically you.
It’s happening already in the adult industry:
The adult world is undergoing a visible metamorphosis process, from an industry dominated by intermediaries (studios, tube sites, etc.) into a more peer-to-peer, independent-producer-focused environment where performers and producers interact more closely with their fans through social platforms.
These independent adult content creators sell their content on platforms like OnlyFans. The company, founded in 2016, has 85 million users, upward of 1 million content creators, and has generated more than $2 billion in sales in 2020. This makes OnlyFans one of the biggest media businesses hiding in plain sight — most of its revenue coming from adult content.
We are here to give adult content creators everything they need to promote themselves. In the future, brands are no longer owned by companies, they will be people. The adult industry is already there: Creators are the top brands, generating most of the traffic and revenue in the industry.
It is our mission to build the Holy Grail of the creator economy: Advertising! Therefore, we built Sharesome as the utility and $XFL as the medium-of-exchange token.
- Exchange symbol (?): XFL
- Cryptocurrency type (?): Token (?)
Flame Token for developers
Flame Token social sites
Source: NOMICS
