fanC merges the capabilities of Web2 and Web3 technologies to bridge the gap between creators, users, and social platforms. This synergy allows for content ownership and enables users to engage in platform management, facilitating profit-sharing. The primary goal is to usher in a new age of social AI platforms by promoting connections among participants, safeguarding creators' rights, and encouraging user involvement.
David Lee, the CEO of fanC Foundation, has a rich background in both Computer Engineering and Finance. He spearheads innovative projects that utilize blockchain technology alongside financial services.
fanC provides platforms like CELEBe, which is a rewards system, and fanC Wallet, which is used for converting points and managing virtual assets. It supports various blockchains and enables offline payments.
The aim of fanC is to connect different social platforms with Web3, ensuring that content creators and users receive fair compensation. The project strives to broaden the Web3 experience, bolster the growth of the virtual asset market, and establish a digital environment where users and creators can openly communicate and collaborate. This will enhance digital experiences and creative endeavors, making social media interactions more rewarding and meaningful.
What Sets fanC Apart?
fanC offers CELEBe and fanC Wallet.
CELEBe
CELEBe is a platform for short-form content that rewards viewers for their time. It uses a unique Watch to Earn (W2E) model, where viewers earn points by watching short videos, a first in South Korea. Additionally, it includes CELPICK, a voting game, and the upcoming Shortply, a curation service. This setup aims to establish a lasting ecosystem for both viewers and creators. With over 7.5 million users and a significant boost in engagement (app retention increased from 5% to 20% in just a year), CELEBe is dedicated to cultivating a dynamic community. It also supports a Create to Earn (C2E) model, offering rewards to creators and enabling point exchanges via the fanC Wallet.
fanC Wallet
Points accumulated from engaging in CELEBe activities can be converted to fanC tokens through the fanC Wallet. This virtual asset wallet, developed by fanC, allows users to store virtual assets, swap points, and connect with Dapps and third-party applications. It supports multiple blockchains, such as Ethereum and fanC Token, and can hold fanC Point, CELEBe Point, and DAEMDAEM Point (Tmoney).
The fanC Wallet provides a smooth experience for using tokens and points within the fanC ecosystem. Users can effortlessly exchange tokens for points and utilize them for payments or receive discounts at partner locations. The wallet facilitates offline payments and discounts by using tokens and points on mobile devices. Plans are in place to expand its availability to PCs and other web browsers.
What Milestones Has fanC Achieved?
2021, Q1 - Q3
* fanC was launched
* CELEBe expanded into the Vietnamese market
* fanC Team infrastructure was established
* The fanC White Paper and Roadmap V1.0 were published
* Completed the first phase of Stepping Stone's 'Celpporters', supporting creators with prizes and giveaways
2021, Q4
* Conducted a smart contract audit for fanC Token
* Developed an NFT marketplace based on the Ethereum network
* Created an Ethereum-based NFT minting smart contract
2022, Q1
* Rolled out the beta version of the Ethereum-based NFT marketplace
* Launched an Ethereum-based NFT minting service
* Introduced the Connected Point system
* Completed the second phase of Stepping Stone 'Celpporters', backing the creation of 7,105 content pieces and activities for 257 creators
2022, Q2
* Unveiled the fanC NFT marketplace 'fanCPlace'
* CELEBe entered the Thai market
* Completed the third phase of Stepping Stone 'Celpporters', supporting the creation of 23,571 content pieces and activities for 363 creators
2022, Q3
* fanC was listed on Singapore's MEXC
* fanC was listed on Huobi Global (HTX)
* fanC was listed on India's CoinDCX
* Launched fanC Mystery BOX
* Completed the fourth phase of Stepping Stone 'Celpporters', supporting the creation of 8,018 content pieces and activities for 230 creators
* Launched a support program through partnerships with MCN companies, backing the creation of 13,089 content pieces and activities for 106 creators
2023, Q1
* CELEBe expanded into the Indonesian market
* fanC was listed on LATOKEN
* fanC was listed on South Korea's Bithumb
2023, Q3
* Renewed CELEBe W2E
* CELEBe expanded into the Philippine market
* fanC was listed on the Philippine Coins.ph exchange
* Launched CELEBe on the LG SmartTV platform WebOS
2023, Q4
* Introduced the fanC X DAEM DAEM point conversion service
* Deployed an AI-driven system for detecting inappropriate content
* Launched an AI-based system to identify fraudulent user activity
2024, Q1
* Formed a partnership between CELEBe and Amazon India
* Formed a partnership between CELEBe and Grab Indonesia
* Developed integration with TrueMoney Thailand
* Established a partnership with Grab Thailand
* Established a partnership with Lazada Thailand
* Collaborated with 7-Eleven Philippines
* Developed integration with ZaloPay Vietnam
* Held a global meetup in the Philippines with fanC and Coins.ph
* Implemented an AI-based content recommendation algorithm tailored to user preferences
* Launched an AI-driven content creator recommendation system
* fanC was listed on Indonesia's Indodax exchange
