Litepaper

The events and creator economy are undergoing unprecedented transformations, driven by technological innovations and shifting consumer demands. As the landscape evolves, challenges such as fragmented platforms, ineffective marketing strategies, and revenue generation complexities have emerged.

Vision and Mission

Favourse envisions a future where events are seamlessly organized, creators flourish, and fans engage meaningfully. Our mission is to create a comprehensive ecosystem that simplifies event management, empowers creators, and provides fans with immersive experiences.

Challenges in the Events and Creator Economy

Traditional event planning methods are often cumbersome and inefficient. Creators struggle to monetize their content effectively, and fans are faced with scattered platforms and lack of engagement. Navigating these challenges requires innovative solutions that Favourse is uniquely positioned to provide.

Favourse’s Innovative Approach

Favourse disrupts the status quo by offering an all-encompassing platform that addresses the pain points of event organizers, creators, and fans alike. By integrating cutting-edge technologies, embracing blockchain for transparency, and fostering strategic partnerships, Favourse emerges as the go-to solution for the future of events and the creator economy.

FavourseCoin ($FAV)

The Platform's Fuel: At the core of Favourse’s ecosystem lies FavCoin ($FAV), a native utility token. FAV serves multiple functions, including event payment, fan rewards, creator monetization, and governance participation, ensuring a vibrant and interconnected community.

History

Part of Favourse

Popin, an entertainment ticket management ad-powered live-streaming solution provides us with technology and direct contact to creators, agencies, and associations in the K-Pop industry

SeminarDesk, all-in-1 event and venue management solution, provides us with technology, expertise, and seasoned developers from the event and service industry

Popin becomes part of and SeminarDesk a joint venture with Favourse

Favourse, Popin, and SeminarDesk become co-founders of Favourse

Favourse App

Revenue Streams

Market Size

FavourseCoin

Overview

The Platform's Fuel: At the core of Favourse’s ecosystem lies FavourseCoin (FAV), a native utility token. FAV serves multiple functions, including event payment, fan rewards, creator monetization, and governance participation, ensuring a vibrant and interconnected community.

FavCoin

FavCoin - the revolutionary blockchain-based cryptocurrency that lets you crowdfund events and projects and get profits from successful ventures. With FavCoin, you can join campaigns of all sizes while having the added benefit of participating directly in its liquidity pool.

Not only is this an incredibly secure way to invest but it also helps grow crowdfunding initiatives in numerous industries globally. Imagine being able to fund awesome events while earning some extra cash along the way.

Don't miss this opportunity. Be part of something bigger – be part of the future of crowdfunding.

FavCoin plays an essential role within the Favourse platform, serving as a versatile tool for transactions, rewards, and member benefits. Acquiring FavCoin now provides users with immediate access to premium services, unique events, and the ability to pay for products. This immediate value, combined with the potential for increased benefits and rewards through staking, makes FavCoin an attractive investment.

As the Favourse platform grows, so does the potential value of FavCoin. Holding FavCoin is not just a question of financial gain; it is about being part of a vibrant, creative community. Users who hold FavCoin can influence the platform's direction through Super Voting, support their favorite creators, and earn recognition awards.

Moreover, FavCoin's integration with the booming NFT market adds another layer of value. Users can gain early access to exclusive NFT drops, trade NFT tickets or assets, and engage with unique NFT giveaways. The future of digital ownership and experiences is being built on NFT and blockchain, making FavCoin an ideal asset for those wishing to be part of this revolution.

Lastly, with FavCoin, users can contribute to the financing of creative projects via blockchain-based crowdfunding. This not only enables the realization of unique events but also ensures the ongoing support and growth of the platform's ecosystem. Therefore, acquiring more FavCoin in the future allows users to continuously engage with and enhance their experiences on the platform.

Tokenomics

Token Name and Symbol

FavourseCoin ($FAV) serves as the foundational currency within the Favourse ecosystem. With a total supply of 1,000,000,000 tokens, its role is pivotal in fostering community engagement, rewarding contributions, and enabling transactions within the platform.

Tokenomics Overview

Token Name: FavourseCoin

Ticker: $FAV

Chain: Polygon

Total Supply: 1,000,000,000

Token Usage: Gas, Staking, Governance

Initial distribution

The initial distribution of FavourseCoin ($FAV) is designed to support a diverse range of participants in the ecosystem. The distribution strategy takes into consideration early investors, team members, community incentives, and ecosystem development. Early investors who participate in the seed and private rounds are rewarded for their early support and belief in the project. Team members are allocated tokens as a form of long-term incentive, aligned with their dedication and efforts to grow and develop the platform. Community incentives are set aside to encourage participation, engagement, and growth in the Favourse community. Lastly, a portion is allocated for ecosystem development, which includes strategic partnerships, collaborations, and integration. This comprehensive distribution approach ensures a wide dispersal of tokens, mitigating the risk of centralization and promoting a healthy, sustainable and active ecosystem.

Token Utility

Platform Staking Rewards

Staking $FAV on the Favourse Platform will give staking rewards that come from Transaction Fees, Ticket Sales, Sales Commissions, Paid Voting with $FAV, Voting Competitions, Ad Revenue, Creator boosts content with $FAV

Event Staking Rewards

User backs/crowdfunds a particular event, receives the benefits defined for that crowdfunding-level, e.g. ticket; the user matches that amount with staking $FAV for that event time and receives staking rewards from the revenue of ticket sales and other sales like merchandise generated from that event

Creator/Event Organizer Staking Rewards

CreatorCoins: Introducing unique tokens for creators to reward their fans through promoting, creating and selling their events, products, and services, powered by $FAV

The Creator can mint their own CreatorCoin based on $FAV

CreatorCoins can only be bought with $FAV

Example: If the Creator mints her CreatorCoin with 1000 $FAV that will be the market cap (e.g. if $FAV is $0.10, the Initial Market Cap will be $100)

5% of all buys/sells will go to the Favourse Platform of which part of the profits will be distributed among $FAV Favourse Platform Stakers

CreatorCoin Stakers will receive staking rewards from

User Creators/EOs paying in $ and staking $FAV to receive rewards from revenue

FavNFT

Creators can mint FavNFTs

FavNFTs can only be bought with $FAV

Holder Benefits

When the user holds 1000 $FAV, the user will receive the following benefits

20% discount of transaction fees

3%-5% cashback on selected purchases

Favourse Membership

Favourse Paid Premium Membership is 1000 $FAV per year

The Favourse Premium Membership will allow users to enjoy exclusive premium benefits and rewards

NFT Drops: Exclusive NFT drops and premium perks for members

Early Access to new features

The membership fees will be burned: Example calculation: 10,000 annual members x 1,000 = 10,000,000 $FAV burned per year; which is 1% of total supply.

Spending $FAV

Users can use $FAV to buy "SuperVotes"; Super Voting allows users to amplify their suggestions for events, products, and services.

Users can use $FAV to buy Recognition Awards: These Awards recognize creators and contributors for their exceptional contributions to the success of Events, Creators, and the Favourse Platform

Direct Donations: Users can donate $FAV directly to creators, events, and more, fostering community support.

Incentives & Rewards

$FAV are given out to users that contribute to the success of the Favourse Platform & Ecosystem with an Engagement Utility.

These $FAV are sourced from the Ecosystem Pool.

Users receive $FAV Rewards by logging in 7 days per month

Users can participate in Weekly Missions to win exclusives prizes

Competitions

Creators will be awarded $FAV for winning Voting Competitions like for Fastest Trending Creator on Favourse or specific fields or for most innovative event

Users can Vote and SuperVote for Creators for these Voting Competitions

Referral Rewards

Users receive 20% of their friends’ transaction fees they refer to Favourse (e.g. 20% of 5% platform transaction fee)

Token Withdrawals

Users can only withdraw $FAV if minimum requirements are met.

Creators need to have received at least 300 votes and have invited at least 3 friends to Favourse

Users need to have done at least 100 activities on Favourse like suggested and voted for Creators, purchased tickets, participate in Daily Rewards or Weekly Prize Competitions or done Paid Voting and have invited at least 3 friends to Favourse