Road Town, British Virgin Islands--(Newsfile Corp. - November 7, 2024) - In a significant move for cryptocurrency enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of FAN (FAN Token) on November 5, 2024. The FAN/USDT trading pair is now available to users of LBank Exchange.
FAN Listing Banner
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The music industry, a cornerstone of cultural expression, has evolved significantly with the rise of internet and streaming platforms, providing fans worldwide access to their favorite artists. Yet, artists still face difficulties in gaining fair compensation for their creations, especially due to intermediaries that control production, release, and revenue distribution. While these advancements allow fans to enjoy music easily, the centralized model often leaves creators with only a fraction of the revenue they generate. FAN Token addresses this disparity, stepping in as a blockchain-driven solution that enhances transparency and fairness in the music industry, enabling direct support from fans to artists.
FAN Token: Revolutionizing Music with Blockchain to Empower Artists and Connect Fans
FAN Token is a decentralized platform designed to empower artists by letting them tokenize and sell their music directly to fans as NFTs. By cutting out intermediaries, FAN Token aims to allow artists to build sustainable careers through a system of royalties, where they can potentially earn from each sale and playback of their music, including on external platforms. This innovative model not only aims to help provide artists with fair compensation but also brings them closer to their audiences in an engaging, participative way.
On FAN Token, fans have unique opportunities to directly support their favorite musicians. Purchasing music NFTs aims to transform the traditional fan-artist relationship into a more interactive and rewarding experience. This collaborative ecosystem fosters stronger communities and deeper connections, enhancing the overall music experience for both creators and their audiences.
FAN Token is designed to foster collaboration among artists by connecting composers, lyricists, and performers on one platform. This supportive environment enables creators to discover and work with others who complement their talents, breaking down the barriers that often hinder emerging artists. Through joint efforts, artists can create new and exciting music. By facilitating these creative partnerships, FAN Token encourages a vibrant, collaborative music community where creativity can thrive unimpeded.
FAN Tokenomics
The $FAN Token fuels this decentralized music marketplace and is essential for transactions within the ecosystem. With a total supply of 1 billion tokens, $FAN's allocation is structured to support the platform's growth: 60% is allocated to the ecosystem, 10% each to PR, investors, R&D, and the team. This distribution ensures that resources are available to expand the platform, foster innovation, and reward both fans and creators. The $FAN Token's role as the platform's currency enables direct purchases of NFTs, merchandise, and services, creating a comprehensive, sustainable economy where artists are rewarded for their talent and fans engage meaningfully with the music they love.
Learn More about FAN Token:
Website: https://mylandtoken.com/
Whitepaper: https://mylandtoken.com/media/fantoken_whitepaper.pdf
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 12 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
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Press contact:
Business Contact:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.com
business@lbank.com
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