Los Angeles, California, February 7th, 2024, Chainwire
Key Takeaways
Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week.
Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry.
Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited time.
Decentralized SocialFi App Focus Raises $75 Million in One Week
Focus has gained significant attention in the crypto industry by accumulating over $75 million in token reservations within its first week of launch. This achievement not only highlights the potential of the platform but also reflects the increasing interest in decentralized social media.
The Mission of Focus
Built on the DeSo blockchain, Focus aims to disrupt the trillion-dollar social media market and creator economy by introducing innovative features that rival popular platforms such as OnlyFans and Patreon. The goal is to provide a fairer solution that empowers users and creators while reducing transaction fees that eat into creator profits.
The Unique Features of Focus
Focus combines the best aspects of billion-dollar social platforms like OnlyFans, Patreon, and others into one app. It offers permissionless and anonymous crypto-native monetization features that are not possible in traditional web2 platforms. With its unique approach to content ownership, creator monetization, and user engagement, Focus sets itself apart from other social media platforms.
The Founder’s Insights
“The response we’ve received is nothing short of spectacular. It’s a testament to the community’s belief in a decentralized future for social media. Our platform is not just about reshaping social media; it’s about empowering users and creators in a way that’s never been done before. This milestone is just the beginning of our journey towards a more decentralized social landscape.” – Nader Al-Naji, Founder of DeSo
Revolutionizing Online Interaction
Focus aims to revolutionize online interaction by offering unprecedented monetization opportunities for creators, advanced AI tools, and addressing censorship and content authenticity challenges. With the DeSo blockchain and its Revolution Proof of Stake system, Focus provides cost-effective content storage directly on-chain.
Token Reservations with a Twist
One of the key features attracting users to Focus is the opportunity to reserve $FOCUS tokens. Users can reserve tokens using various supported currencies like BTC, ETH, SOL, USDC, and DESO. By participating in the early reservation period, users receive an extra bonus equal to the amount listed, currently set at 90% and decreasing by 5% each week until the app launch.
The Excitement Builds
As Focus prepares for its app launch, excitement within the community grows. With its innovative tokenomics approach, Focus is poised to redefine the landscape of social media and cryptocurrency.
How to Reserve Tokens
To reserve tokens and earn a 90% bonus in $FOCUS, prospective users should visit Focus.xyz and reserve their funds before 11:11 am EST on February 8th. The bonus will decrease every week until the app goes live.
About DeSo
DeSo is the first censorship-resistant Layer-1 blockchain designed to power storage-heavy apps and scale decentralized social networks for mass adoption. Its mission is to decentralize social media similar to how Bitcoin and Ethereum are decentralizing finance. DeSo has gained significant adoption, with millions of users and transactions. With Focus, DeSo aims to lead a new era in crypto with consumer apps that scale to billions of users.
Contact
Head of Growth
Ed Moss
DeSo Foundation
[email protected]
Hot Take: Focus Raises $75 Million in One Week, Paving the Way for Decentralized Social Media
Focus, the decentralized SocialFi app built on the DeSo blockchain, has made an impressive debut by raising $75 million in token reservations within just one week. This achievement signifies the growing interest in decentralized social media and demonstrates the platform’s potential to disrupt the industry.
With its unique features, including content ownership, creator monetization, and user engagement capabilities, Focus aims to revolutionize online interaction. By providing unprecedented monetization opportunities for creators and tackling issues like censorship and content authenticity, Focus sets itself apart from traditional social media platforms.
The opportunity for users to reserve $FOCUS tokens using various supported currencies adds an exciting twist. As the platform gears up for its app launch, the community’s anticipation continues to build. With its innovative tokenomics approach and commitment to a decentralized future, Focus is poised to redefine social media and cryptocurrency landscapes.
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