Introduction
FrontFanz is a censorless subscription content platform where content creators are able to safely and efficiently create content, engage with fans and grow their brand without any fear of demonetization. FrontFanz is built on Polygon, the layer-2 blockchain.
Why Polygon?
Polygon’s main focus as a decentralized Ethereum scaling layer-2 is to reduce costs as well as other obstacles that other blockchains experience in terms of transactions. Hence, Polygon was chosen as the network that FrontFanz will build on, in order to take advantage of their low transaction fees and ability to scale.
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Problem
Lack of Privacy
Intimate content is responsible for a significant portion of all internet traffic driven today. Platforms require creators’ personal information which puts them at an inherently larger risk of having their information compromised or stolen.
Traditional Banking
OnlyFans shocked the world when they announced that they were banning all adult content from their platform. The platform’s strategic shift was because banks were refusing to process payment on the platform from certain categories of content. This shows the glaring need for a platform that embraced any kinds of content creation rather than hiding from it.
Broken Agency Models
Emerging creators would usually work with agencies that help them grow their reach and visibility. However, this dynamic has become increasingly exploitative, as agencies would take a larger cut of the revenue generated by the creator.
Payment Issues
Numerous web2 platforms work with varying payment providers and banks, resulting in payment delays and disputes. Creators also have to deal with frozen accounts, and even outright bans and deplatforming. The reliance these platforms have on traditional banking is the greatest risk to creators.
Fragile Fan Marketplaces
Current marketplaces are not built with the creators’ best interests in mind. The platforms own all the content that is posted by their users. If the platform does not like the kind of content being created, or feels that it is not performing well enough, they can simply demonetize or deplatform the creator, or worse of all, decrease their chances of getting recognized using their recommendation algorithms.
Solution
New Form of Value Transfer
FrontFanz platform runs on $ETH, $MATIC and $FANZ. Every form of value transfer between user and creator is done on the blockchain and goes directly from the user to creator (and vice versa) with zero intermediaries delaying or outright preventing payment or access. This guarantees that creators will not face chargebacks, delayed payments or deplatforming.
FrontFanz claims to be the most accommodating to the needs of both the creator and user. Existing Web3 platforms force stakeholders to use the native token to participate, however FrontFanz guarantees to give users optionality when using the platform. The FrontFanz economy will be powered by the FANZ token, but users also can also pay in ETH.
Restored Creator Rights
FrontFanz empowers content creators by allowing them to take control of how they experience the platform. Creators are able to access various avenues of engagement, it’s up to their imagination. (Eg. Creator coins, NFT live stream videos, as well as traditional content creation).
By building a platform on a decentralized network, FrontFanz has no intermediary or service partners to appeal to. FrontFanz share the exact same interest as our creators and every decision made will be in the interest of the creators.
Custodial Rights to Creator’s Wallets
FrontFanz never holds the creators’ funds, as the creators use their own external non-custodial wallet to receive payments.
Founders
FrontFanz is a female-led venture, backed by content creators with over a decade of experience.
Rosey Sin - Founder & CEO
Playboy Bunny, cover model and established international photographer all whilst building a social media following over a million. A proven entrepreneur with an innate understanding of the content creation space.
Stacey Carla - Founder & CMO
An internationally published model and has grown a following in the hundreds of thousands. She has been a content creator for over 10 years and has a deep understanding of the pain points not being addressed by Web2 providers.
FANZ Token Utility
Platform Wide Discount
Even though users can use ETH to access the features within the FrontFanz platform, users holding the native token FANZ are entitled to a wide discount structure when they participate in the platform. A user has to achieve a minimum score to get certain discount levels and in order to maintain that level users will have to pay a 5% fee equivalent to the amount of tokens held upon securing their membership level (1.25% are burned and 3.75% goes to the company).
This means that creators lower the barrier to entry for their users by allowing a platform wide discount applied to their products / services / subscriptions.
NFT Access
When NFTs are live, users are able to purchase the NFTs using their FANZ tokens. The NFTs will represent auctions for digital and real-life experiences, as well as driving platform engagement by using these NFT’s as profile pictures.
FrontFanz Marketplace
Holders of the FANZ token allow them access to the FrontFanz marketplace, which comprises of physical goods sold through the online store.
FANZ-ETH Liquidity Provision
Users are able to provide liquidity to the pools created by FrontFanz to convert ETH to FANZ and vice versa. This allows users to earn rewards for providing liquidity which will be determined at a later date.
Creator Coins
FANZ enables the creation of Creator Coins where people can “invest” in a creator by buying their coin before they go mainstream / popular. Creator Coins also allows for more exclusive perks for users holding them. (Comment visibility on all posts, access to exclusive AMAs or live shows, premium access to creator, exclusive access to NFT drops etc.)
Tokenomics
The circulating supply for FANZ will be 500,000,000.
25,000,000 tokens will be allocated to a strategic round, another 25,000,000 FANZ will be allocated to a private token sale.
50,000,000 tokens will be used for the public IEO round.
Recent Developments
Private Rounds Completion
FrontFanz managed to close its 500K USD strategic investor round after partnering with ExMarkets, the market-leading crypto crowdfunding platform. Before that, FrontFanz completed its 625K USD private sale round.
Successful IEO
FrontFanz moved onto its 20-day IEO (Initial Exchange Offering) on ExMarkets, with a limited supply being sold each day. The public sale started on the 20th of July 2022, and ended on the 8th August 2022.
The sale didn’t just close successfully - daily IEO allocations sold out every single day, substantiating just how interested people are in FrontFanz.
Platform Sneak Peak
On July 20th, FrontFanz released a sneak peak of their FrontFanz platform. The 37-sec video showcases account creation, a glance of FrontFanz’s homepage and the features it offers.
Watch the sneak peak here.
FANZ Token Listing
After months of building, FrontFanz announced on Aug 10 that they have sold out 100% of their IEO worth almost $2.5M, and announcing the launch date of FANZ token, which is set to be on Monday, Aug 15th 2022.
$FANZ will be listed on ExMarkets.
Ambassadors
Even though FrontFanz is rather new, the platform already has over 400 ambassadors that have more than 32 million followers altogether all around the world. Some of the well-known influencers that have joined FrontFanz are Sonia Amat, Swedish Bella, Ana Espinola, Dalila Ortega, Andrew England, Ruby Alexia, Crystal Foster, Alenee Aisha and Jade Filomena.
Conclusion
Amidst this bear market, FrontFanz still managed to raise a significant sum from their private rounds. The IEO sell-out further elucidates the high demand from users.
I will end the article with this:
Do not underestimate the power of simps.
Will it catch up to OnlyFans? Guess we can only see when the platform fully launches…