Introduction
Entertainment materials (image or video files) that attract people's attention, such as hits or fads around the world The purpose is to purchase or sell through bidding using the "FOB token" on the trading platform "Famous" (alias) issued as "NFT" (non-functional token) and scheduled to be operated by the "FOB" Foundation.
What Is an NFT?
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.
But many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.
Famous digital artist Mike Winklemann, better known as “Beeple,” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of 2021, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.
Fungible Tokens
Interchangeability
FTs of the same type are interchangeable and their value is not affected.Uniformity
FTs of the same type share the same specification and all tokens are indenticalDivisibility
FTs can be split into smaller units of equal value.Convenience
FTs are easy to split and exchangeERC-20/TRC-20
Standards on Ethereum protocol and TRON protocol that support the launch of OMG,SNC,TRX and other tokens.
Non-Fungible Tokens
Non-Interchangeability
NFTs of the same type are not interchangeable.Uniqueness
Each NFT is unique.Indivisibility
NFTs are indivisible and one token serves as a basic unit.Security
Tokens are unique and can be used in a variety of settings, such as gaming.ERC-721/TRC-721
New protocols on Ethereum and TRON that support the launch of NFT(e.g.enerypted collectibles).
FAMOUSBLOCK Initial Tokenomics
Total Supply :
1,500,000,000 FOB
Platform :
ERC-20
Token Name :
FAMOUSBLOCK
Token Simbol :
FOB
Smart Contract Address
Development
40%
Platform Operation Costs
30%
Marketing expenses
20%
Administrative expenses
10%
Development
(40%)
The Famousblock team is scheduled to use the funds raised for the platform development and maintenance, production, development team and design team's labor costs.
Platform Operating Costs
(30%)
The success or failure of the platform is not only accomplished by successful platform development but also by the best platform operation.
Marketing expenses
(20%)
To promote Famousblock globally, it will be used for public relations, marketing and partner foundations and partnership activities with the company.
Administrative expenses
(10%)
Famousblock will then use the legal, tax and accounting services as administrative expenses.
Social media Link please visiting:
Twitter link: https://twitter.com/FamousBlock1
Bounty telegram link: https://t.me/famous_block
Telegram link: https://t.me/Bevery_bounty
Website link: http://famousblock.com/
AUTHOR
Forum Username: Xyline$
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3457392
Telegram Username: @Xyline2
Participated Campaigns: Twitter, Facebook, Telegram, video, Article
TRC-20 Wallet Address: TRbJBRcxDxHyJ4t12DcFs3V1diPLXSCjRE
POA Link: https://bitcointalk.org/index.php?topic=5399016.msg60154238#msg60154238