Fan Tokens

Transforming Fandom into Opportunity

Fan Tokens revolutionize the relationship between followers and personalities. Traditionally, being a fan meant maintaining a one-sided, parasocial relationship, where individuals were merely passive audiences to the events and happenings surrounding online personalities. Now, Fan Tokens enable followers to actively engage with and bet on current events related to online personalities. This paradigm shift fundamentally changes how we interact with online figures in the digital age.

shill.fm's Unique Approach

shill.fm embraces a permissionless model, allowing anyone to create Fan Tokens for themselves or any profile on X (formerly Twitter). These tokens serve a dual purpose:

1. Community Building: Fans can form and strengthen communities around their favorite personalities.

2. Social Reach Speculation: Users can speculate on the growth and influence of personalities based on their social reach.

Token Creation and Mechanics

Creator Pool

1. Creator Nomination

   • Any individual can be nominated for Fan Token creation

   • Nominated creators are added to the Creator pool

2. Upvoting Creators

   • Users can upvote their preferred creators in the pool

   • Creators with more upvotes have a higher probability of Fan Token initialization

   • Probability is weighted based on the number of upvotes relative to the entire pool

Token Initialization

1. Fan Token Initialization Process

   • Every 6 hours, 4 creators are randomly selected based on weighted probabilities

   • This method ensures that only the most popular Fan Tokens and stronger communities have their tokens initialized

   • This also ensures selected tokens have higher chances of graduating from the bonding curve

2. Token Trading Availability

   • 4 new Fan Tokens become available for trading on the platform every 6 hours

3. Pricing Mechanism

   • Tokens follow a bonding curve pricing model

   • Graduation occurs when the market cap reaches approximately ~$69,000 and ~80 SOL collected from the bonding curve

4. Liquidity Management

   • Upon graduation:

     • 78 SOL from the bonding curve is allocated as liquidity

     • 20% of the token supply is allocated as liquidity

   • Allocated liquidity is deposited into Raydium and subsequently burned

5. Fee Structure

   • The protocol charges a 1% trading fee

   • ~ 2-4 SOL for graduation

   • This fee applies to all tokens traded on the platform, both before and after graduation

Tokenomics

• Maximum Supply: 8,000,000 tokens

  • 25% allocated for liquidity in Raydium

  • 75% tied to the bonding curve