Whitepaper
Last updated
Last updated
By reading this whitepaper, you acknowledge that the information presented here and in all other documents related to Fanscope is subject to change without prior notice. Fanscope reserves the right to update or modify the contents as needed to reflect new developments, improvements, or changes in strategy. Users should regularly review any updates to stay informed about the latest changes and advancements within the Fanscope ecosystem.
Fanscope operates as a platform where creators and fans can engage in commerce, connection, and communication. Fanscope does not guarantee any monetary gains. Fanscope utilizes various reward mechanisms to provide utility and support the growth of the platform. Its primary purpose is to connect content creators with their fans and supporters.
Fanscope is committed to transparency and security. However, users should be aware that participating in the Fanscope ecosystem involves risks, including the potential for token value fluctuations. Fanscope does not guarantee financial returns, and users should conduct their own research and consider their risk tolerance before participating in any activities on the platform.
Fanscope transforms the way creators connect with their fans by means of a decentralized finance “DeFi”, community-driven platform. Our mission is to cultivate a sustainable ecosystem where creators can thrive, and where fans can enjoy closer engagement and rewarding experiences. We are committed to providing a fulfilling, positive environment for all participants of our platform by facilitating and amplifying connections, equipping creators with the necessary tools for success, and affording fans the chance to actively participate in their journey.
Fanscope’s vision is to create a fun and interactive platform, where community engagement is one of our primary goals. Within this framework, community serves as the cornerstone of support for both creators and fans. Each creator is supplied with a medium for publishing their customized updates, information, and exclusive offerings; and fans are granted meaningful opportunities for authentic interaction and access to unique experiences.
Through the implementation of a Fanscope’s reward model, as well as our capacity to empower creators to cultivate their own communities, ecosystems, and economies, we believe an extraordinary potential for reciprocal and collective achievement can be established.
At Fanscope, we envision the future of the Web as one that democratizes ownership and earning opportunities, and benefits all involved. Well-established decentralized finance “DeFi” mechanisms have been incorporated that serve to streamline the exchanges, distribution, and transaction of tokens and rewards within the platform. By continuously rewarding the ecosystem through reward pools, sustainable growth is promoted and equitable access is provided for all participants. By integrating decentralized finance, collectibles “NFTs”, and a robust tokenomics model, Fanscope intends to redesign and redefine fan engagement and creator monetization.
In addition one of our goals was to analyze existing Web2 “information” and Web3 “value” platforms, identifying what has been successful and what barriers are preventing the next phase of content creation, fandom, and growth from reaching its full potential. Fanscope serves as a central hub that facilitates growth, bridges the current industry, and pioneers the future with Blockchain technology. We aim to provide content creators with more tools and offer fans more opportunities to engage with and grow alongside both current and emerging technologies.
Fanscope is built on the Polygon network, chosen for its scalability, low transaction fees, and Ethereum Virtual Machine compatibility, making it ideal for our decentralized, community-centric ecosystem. We utilize standard token contracts, including ERC-20 for fungible tokens, representing both governance and community tokens; ERC-721 for unique, non-fungible tokens (NFTs), enabling creators to mint exclusive digital assets; and ERC-1155 for a versatile approach to digital assets, allowing both fungible and non-fungible token types.
This multi-token approach supports a dynamic economy within Fanscope by enabling transactions, rewards, and governance to occur seamlessly. Smart contracts automate transactions and interactions, and ensure transparency, security, and efficiency across the platform. This architecture not only fosters an engaging environment for creators and fans but also aligns with the latest in blockchain technology standards.
Engage in platform-wide activities: Holders of the platform token can participate in events, polls, discussions, and challenges, as well as vote on key decisions affecting the platform.
Network with like-minded individuals: Create meaningful connections with other fans as well as enjoy a closer level of interaction with creators.
Explore gamified DeFi: Earn various rewards through decentralized finance mechanisms with liquidity pools, swaps and staking.
Purchase FANS tokens, Fanatic NFTs, and Creator tokens; tiered Scopes; and exclusive content, experiences and digital merchandise.
Participate in creator-specific activities and rewards by interacting with creators’ social media and content platforms.
Earn revenue through sales of digital merchandise, publish token gated content, and other interactions with fans.
Request to issue branded creator tokens, which fluctuate in value based on demand and engagement.
Connect with and learn about the preferences of their most dedicated fans, and use that info to make decisions pertaining to one’s growth and success.
Enjoy the results of incentivized fan engagement off-platform.
Creator profiles are modifiable via a personal dashboard with modular fields of input. A fan can visit a creator profile and purchase items from their store, as well as creator tokens and scopes; access their bio and links to other platforms; and play their music, watch videos, and otherwise learn more about them. The creator can update the content of their profile easily, at any time.
Similarly, Fans will maintain their own profile page via a personal dashboard. By displaying the collection of Scopes and store items they’ve purchased, they can showcase their preferences and interests, demonstrate the mutually beneficial partnership they have with their favorite creators, and be recognized for their level of commitment and support. Like creators, they can post a profile and banner photo, and provide a bio and links.
Creators are able to sell digital items in their store and accept payment in the form of their Creator Token; or stablecoins. Fanscope aims to accommodate a large audience, so the ability to choose flexible methods of payment is important - a Creator can decide to create their individual token at a later stage if they desire.
Some examples of what can be sold in a creator store are: digital media, such as video and audio clips, images, and files; and token-gated content, such as early access to tickets or media, virtual experiences, access to in-person events, and longer video and audio files.
Store items are ERC1155 NFTs; each one is an edition of a unique token ID. The creator sets the price and quantity of each item, which are then written into a smart contract. Upon the sale of a store item, the Creator receives 80% of the sale and 20% to the expansion of the creator’s liquidity pool - payments are processed immediately on-chain.
Scopes on Fanscope are ERC-721 NFTs and serve as digital loyalty cards or memberships that fans can purchase using stable coins or Creator Tokens. Available in various tiers, Scopes offer different levels of benefits and rewards based on their tier. Fans can own multiple Scopes, and by engaging with the platform through tasks like sharing content, participating in events, and interacting with creators, they earn points that can be converted into Creator Tokens. These points are capped based on the Scope tier and are designed to encourage continuous engagement. In the future, Scopes will have the ability to be upgraded with creator tokens; fused with another Scope of the same tier - which combines attributes to create a more valuable membership. Additionally, Scopes are tradable on the Fanscope marketplace, providing a dynamic and liquid market. This system ensures a balanced distribution of rewards, reduces inflation, and promotes active participation in the Fanscope ecosystem. By integrating staking mechanisms and progressive unlock of rewards, Scopes incentivize long-term commitment and help maintain the economic stability of the platform.
Upon buying a Scope of the creator of your choice, 80% of the purchase price will go to the creator and 20% to the liquidity pool. Owning a Scope allows the owner to engage in gamified actions to earn FANS or creator tokens. Staking creator tokens then generates additional rewards, establishing a self-sustaining growth mechanism. Setting aside 20% for the liquidity pool is crucial to providing stability and promoting growth and success for the creator, fans, and the platform itself.
For example:
(Assuming Creator Token price is 0.1 USDC)
The Fanscope ecosystem is powered by its governance token “FANS”, facilitating critical platform functionality. Its utility extends across Fanscope, simplifying transactions and incentivizing participation in the broader ecosystem. This integrated approach ensures a cohesive and rewarding experience for all users.
FANS tokens serve as the backbone of the Fanscope ecosystem, enabling governance, staking, and rewarding mechanisms. Holders of FANS tokens can participate in governance decisions, influencing the future direction of the platform. Additionally, FANS tokens can be staked to earn rewards, incentivizing long-term participation and support for the platform.
Token Type: ERC-20 Maximum Supply: 1,000,000,000 FANS Initial Supply: 250,000,000 FANS (25% of Max Supply)
FANS/ETH: 1 ETH with 400,000 FANS
FANS/USDC: 1,000 USDC with 100,000 FANS
Emissions Schedule: Linear release over 5 years, 1 year cliff Total Emissions: 750,000,000 FANS (remaining supply after initial release)
Liquidity Providers: 30% Purpose: Incentivize FANS liquidity pools providers by offering FANS tokens as rewards. Allocation: 225,000,000 FANS
FANS Token Rewards: 30% Purpose: Rewards for staking FANS and staking Fanatics NFTs Allocation: 225,000,000 FANS
Marketing, Development, and Operations: 30% Purpose: Promote the Fanscope platform, cover development costs, operational expenses, ongoing maintenance, and community-driven initiatives. Allocation: 225,000,000 FANS
Bonus Reward Pool for Emerging Artists: 10% Purpose: Incentivize emerging artists within a range of popularity index or subscriber count. Allocation: 75,000,000 FANS
Emissions: 750,000,000 FANS over 5 years, linear streams, 1 year cliff
Emissions for Liquidity Providers: 225,000,000 FANS Emissions for FANS Token Rewards: 225,000,000 FANS Emissions for Marketing, Development, and Operations: 225,000,000 FANS Emissions for Bonus Reward Pool: 75,000,000 FANS
Purchase on the open market
By adding liquidity, then staking the LP tokens to receive FANS tokens
Buy and stake a Fanatics NFT and receive FANS tokens
By adding liquidity to a FANS pool, users will receive liquidity pool tokens (LPT). By staking LPTs, users can receive FANS tokens.
FANS/ETH LPT: Est. 35% APR in FANS
FANS/USDC LPT: Est. 30% APR in FANS
FANATICS are a pivotal feature within the Fanscope ecosystem, designed to reward and incentivize the most dedicated and engaged fans. By minting and holding FANATICS NFTs, users can join the Fanscope governance, be part of the platform elite, and gain access to unique benefits and continuous rewards.
Fanatics NFTs will be priced at 88 USDC then increase by 10% every 100 mint, to a maximum price of 4,999 USDC. The funds raised from Fanatics sales will go towards further building the FANS liquidity pools.
FANATICS NFTs can be staked to earn additional FANS tokens. The staking rewards are designed to encourage long-term holding and participation in the ecosystem.
Staked Fanatics will receive 50 FANS per day, calculated per minute, which can be claimed at any time.
Creator Tokens (CTs) are unique to each creator within the Fanscope ecosystem, serving as the primary means for fans to engage with and support their favorite creators. The allocation of these tokens is designed to incentivize both creators and fans, and to ensure a sustainable and rewarding ecosystem. This strategy outlines the distribution, emission schedule, and utility of Creator Tokens to foster a dynamic and engaging environment.
Token Type: ERC-20 Maximum Supply: 88,000,000 Initial Supply: 17,600,000 (20% of max supply)
FANS/CTs: 100,000 FANS with 352,000 CTs
Emissions Schedule: Linear release over 5 years, 1 year cliff Total Emissions: 70,400,000 FANS (remaining supply after initial release)
Liquidity Providers: 40% Purpose: Incentivize CT liquidity pools providers by offering CTs tokens as rewards. Allocation: 28,160,000 CTs
Creator Token Rewards: 40% Purpose: Rewards for staking CTs and staking Scopes NFTs Allocation: 28,160,000 CTs
Marketing, Development, and Operations: 10% Purpose: Promote the Fanscope platform, establish strategic partnerships, cover development costs, operational expenses, ongoing maintenance, and community-driven initiatives. Allocation: 7,040,000 CTs
Bonus Reward Pool for Community Performance: 10% Purpose: Milestone-based incentives for creator communities to work together and grow. Allocation: 7,040,000 CTs
Emissions: 70,400,000 CTs over 5 years, linear streams, 1 year cliff
Emissions for Liquidity Providers: 28,160,000CTs Emissions for Creator Token Rewards: 28,160,000 CTs Emissions for Marketing, Development, and Operations: 7,040,000 CTs Emissions for Bonus Reward Pool: 7,040,000 CTs
Purchase on the open market
By adding liquidity, then staking the LP tokens to receive CTs tokens
Buy and stake a Scope NFT and receive FANS tokens
Complete quests, participate in events and engage with content
The integrated Fanscope forum serves as a nexus for fan interaction with each other and with the creators they support. Within their dedicated channels, creators can keep their fans updated with the latest news, exclusive content, and special offerings, enabling them to build and cultivate a loyal and engaged following. The forum will also host a number of public, general channels covering various topics as well as platform announcements and rules, voting discussions, and technical support.
Fanscope is a place to meet like-minded people. Sending messages, exploring with fans and discovering creators foster a fun vibrant community. Sharing our favorite music tracks or video content is a great way to find people with mutual interests.
Fanscope will incorporate gamification elements to enhance user engagement. By purchasing scopes, Fans will be able to participate in creator-specific quests and activities; upon completion of these within a set amount of time, the Fan receives points that can be converted into creator tokens. This gamified approach encourages continuous engagement and provides a fun and rewarding experience for fans. Through their efforts, fans will derive advantages from the achievements of creators, and conversely, creators will benefit from the support of their fans.
Initially, Fanscope will utilize platforms like Spotify and YouTube for quest rewards, with plans to add more based on demand. Quests include trackable actions such as:
Following the artist
Listening to a track
Liking, sharing content
Subscribing to a channel
WE ARE ALL FANSCOPE
We created this platform because we love music and we love content on youtube, film, podcasts, art and creativity. Creating Scopes and our reward system was just the beginning.
We see the future as bright in regards to content creation, blockchain and new ways to monetize art and give it the value it deserves. Through Spotify, Google, YouTube and other major platforms we created a Hub for Creators and Fans. A place where we can spotlight art and creativity offering new opportunities and growth possibilities.
After all, we are fans and content creators just like you!
| Tier 1 Bronze | Tier 2 Silver | Tier 3 Gold | |
|---|---|---|---|
| Tier 1 Bronze | Tier 2 Silver | Tier 3 Gold | |
|---|---|---|---|
Buy with
Creator Tokens
Price USDC Equivalent
30.00
100.00
250.00
Reward Multiplier
120%
150%
200%
Max Allowance USDC Equivalent
36.00
150.00
500.00
Allowance Cap
Daily cap, 10 USDC equivalent per day
Price in CT
300.00
1,000.00
2,500.00
Reward Multiplier
120%
150%
200%
Max Allowance CT
360.00
1,500.00
5,000.00
Total Points Earned
100
200
500
Allowance Cap
Daily cap, 10 CTs equivalent per day
