Tease Fan Launches On Pancakeswap
Tease Fan is an adult NFT marketplace that has recently launched on Pancakeswap. Since the advent of non-fungible tokens (NFTs) in the crypto market, there has been an unprecedented paradigm shift from the traditional content creation business model. To provide you with a perspective, in 2018, the market capitalization of NFT was only $41 million. As of the end of 2020, the market cap stood at $338 million.
In 2021, the NFT market has also continued to break boundaries. Analysis shows that the market has experienced about 2100% growth within the first three months of 2021. With the said period, more than $2 billion has been spent on NFT collectibles alone. Most of the growth driving non-fungible tokens (NFTs) has been from sports, entertainment, and media.
What is Tease Fan?
Tease is an NFT marketplace that is specifically designed for adult or erotic content. They believe that adult content creators deserve to have full control over their works and expression. Therefore, Tease has created a marketplace for these adult content creators to distribute their content directly to their fans without intermediaries. According to the team, they want to change the adult entertainment industry.
Aside from its NFT marketplace, Tease Fan has also created a utility token, $Tease, and they recently launched on PancakeSwap. PancakeSwap is a decentralized exchange like Uniswap. However, unlike Uniswap, which is built on Ethereum, PancakeSwap runs on the Binance Smart Chain (BSC). Users of the Dex can swap their tokens without the need for any intermediary. They can also earn liquidity pool and staking rewards, engage in lottery activities, etc.
The adult entertainment industry is over $100 billion, and it is openly receptive to new technologies like blockchain. From the look of things, adult entertainment and NFTs are a perfect match. The Tease Fan NFT marketplace is an avenue for adult entertainers or erotic content creators to create what their fans love, and at the same time participating in the gold mine of NFT technology. For every content created and sold on Tease, the creator retains the digital rights in the form of a custom Tease token. By eliminating intermediaries, the Tease Fan NFT marketplace gives content creators up to 95% of the price of their content.
The Benefits PancakeSwap
PancakeSwap is a Dex that is built on the Binance Smart Chain. It uses an automated market maker (AMM); therefore, it allows users to trade against a liquidity pool. The community of users governs the exchange, and they can farm liquidity provider tokens. Other features allow users to earn rewards on the exchange.
By launching on PancakeSwap, Tease Fan is offering their community of creators the opportunity to gain exposure in the growing world of synthetic assets. This will also help increase the value of $Tease token. $Tease launch on PancakeSwap will also positively impact the standing of Tease Fan in the adult entertainment NFT marketplace.
The $Tease Token
Tease token serves as the "driver" of the Tease Fan ecosystem. The token has direct platform utility and also incentivizes holders. $Tease token leverages blockchain technology to create a special roulette game where Tease community members participate by voting for their best content creator. The voting will be conducted among 3 creators every week, and the content will include both pictures and videos. The content that wins will be made accessible to the Tease community members who voted that creator.
Also, the winning content will be viewable on the creator's profile using the Tease.fan web app. Through this voting process, the platform will streamline and moderate content before they are uploaded. This is to ensure that none of the contents are child pornography, violent, or inappropriate in any way. All content creators will have a verified profile on the app.tease.fan. The content creators who win the voting gets added to the NFT marketplace. This provides these creators with a secondary source of income.