Core Features
FAVE Exchange: The FAVE Exchange operates much like a traditional stock exchange (e.g., Nasdaq or NYSE), allowing users to trade FAVEs (ERC-1155 Fan Tokens) seamlessly. This exchange is designed to emulate real-world stock trading dynamics, including market orders, limit orders, and liquidity pools.
Initial Fan Offering (IFO): The IFO functions similarly to an Initial Public Offering (IPO) but with a focus on price discovery through a bonding curve mechanism. The IFO determines the initial trading price based on real-time demand, ensuring a fair and transparent market entry.
Permissionless FAVE Launchpad: Favrr empowers individuals, fan communities, and businesses—small or large—to launch their own fan tokens (FAVEs) directly on the platform. Through a simplified and permissionless launchpad system, creators can initiate their FAVE with just a few parameters (e.g., IFO start date and duration), and must prove demand via the Initial Fan Offering (IFO) process. Only tokens that meet the minimum sale threshold (25% of total shares) enter the FAVE Exchange, ensuring quality and market viability. Future versions of the launchpad will include additional configurability, including bonding curve selection, charity wallet integration, and DAO reserves.
Intrinsic Value of FAVEs: FAVEs offer intrinsic value through built-in utilities such as access to the "Boardroom Market Challenge," governance participation, and exclusive access to events and content related to the underlying celebrity, idea, or object.
Governance & Staking: Holders of $FAVRR tokens can stake their assets to earn rewards and participate in governance decisions on the platform, including voting on charitable donations and platform developments.
Dynamic NFT Marketplace (Future Phase): Favrr plans to introduce a marketplace for dynamic NFTs, including Fan Art and Utility NFTs, with flexible royalty structures.
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