FanC, Token For Content Creator Launched In Indonesia, Here's A Complete Explanation And How To Buy It

Photo: Doc. INDODAX

JAKARTA - The new crypto asset fanC token will be officially traded in Indonesia. This token adopts blockchain technology that develops the latest internet technology for content creators, such as NFT, Web2 and Web3.

FanC CEO David Lee said the fanC is a project that connects social platforms from Web2 and Web3. Make it easier for creators and users to gather.

With a fanC, this platform can easily connect creators and users, building a dynamic community. This ensures content creators have full ownership of the content," he said, April 6, 2024.

It also allows users to participate in CELEBE, a short scroll platform application. On CELEBE, there is an award system called W2E (Watch to Earn) and C2E (Create to Earn), two features that reward content creators and viewers for their activities.

With the points obtained, users can turn the prize into a fanC token (FANC). This approach creates a new era of social platforms with stronger relationships between users and creators. It also allows better protection against creator rights, and more engagement from users.

David Lee explained that the fanC uses the latest NFT technology for linked ads, expands the range of advertisers, and encourages user interactions. NFT increases advertising efficiency, increases user engagement, and strengthens network effects across platforms.

"In the fanC, the platform provides added value to advertisers via NFT, maximizes the impact of advertising, increases revenue, and offers a variety of advertising content," he said.

Then, the fanC allows user authentication for digital activity via SBT, an untradable NFT. Users get an SBT as a reward for their platform activity. This allows content creators to more accurately measure their rewards for content.

While users also benefit from this reward. In addition, users of SBT holders can easily transfer their notes to other social platforms as they move, thus forming an integrated ecosystem that connects various social platforms.

Not only that, but the fanC also uses artificial intelligence (AI) to evaluate the importance of user activity on social platforms and provide compensation in the form of tokens. In addition, it identifies copyright infringement and accounts that abuse to prevent token misuse.

This allows content creators to measure rewards for their content appropriately, while users can also get rewards. Through this approach, the fanC enriches the experience of various participants on social platforms using AI.

fanC tokens have also been launched on the Indonesian crypto exchange. Interestingly, this crypto asset can also be traded and can be used as an investment commodity for the Indonesian people. The fanC token will be sold at Indodax on April 24, 2024.

"Our goal is to increase its exposure and accessibility to the wider audience of investors and traders in Indonesia. In addition, listing on exchanges that have a good reputation can increase token credibility and legitimacy in the eyes of the cryptocurrency community and potential investors," said fanC CEO David Lee.

They also see the high interest of the Indonesian people in crypto. According to him, the crypto ecosystem in Indonesia has experienced significant growth and interest. The Indonesian government makes a stimulus for cryptocurrencies, with the clarity of regulations that are still growing.

"Despite efforts to regulate and monitor crypto activities to prevent abuse and protect consumers, there is also a recognition of the potential benefits of blockchain technology and cryptocurrencies for the economy," he explained.

In addition, the crypto community in Indonesia is experiencing rapid growth and diversification, with interested people actively participating in various aspects of the ecosystem despite regulatory uncertainty.

"Along with the continued development of the crypto community in Indonesia, this community plays an increasingly influential role in shaping the future of digital finance and blockchain technology both on a local and global scale," he said.