The DeSo-supported SocialFi app known as Focus managed to secure a remarkable $20 million in under just one day.

Los Angeles, California, January 17th, 2024, Chainwire

Key Takeaways

• Focus, an innovative decentralized SocialFi app, attracted an impressive $20 million in just 24 hours from its launch.
• Positioning itself as a competitor to major subscription platforms like OnlyFans and Patreon, Focus enters a multi-billion-dollar marketplace.
• As part of The Social Airdrop, users have a unique opportunity to earn more than $100,000 in $FOCUS tokens.

Focus It’s a pioneering SocialFi platform developed by DeSo—the team behind a staggering $200 million investment from Coinbase, Sequoia, a16z, Social Capital, and other leading investors. The goal is to challenge the enormous social media and creator economy spaces with innovative features comparable to those found on X, OnlyFans, and Patreon.

With OnlyFans processing about $8 Billion in 2023 and levying 20% fees per transaction, the potential for a more balanced monetization strategy becomes glaringly evident, indicating a strong demand for alternatives.

Focus integrates the finest elements from platforms like OnlyFans, Patreon, and X, combining them into a single, user-friendly app. It utilizes the power of advanced crypto-native monetization techniques that are simply not feasible on traditional web2 platforms. DeSo blockchain Guided by an experienced figure in the crypto world, Focus epitomizes decentralization with no corporate control—everything runs on community-managed coins and smart contracts.

As Nader Al-Naji eloquently puts it, \"Just like Bitcoin faced skepticism early on, decentralized social networks encounter doubts about their potential to rival industry giants. The question is: Do you want to be part of a conservative approach that overlooks innovation, or do you wish to seize this moment and support progress? Join us in what could be a revolutionary technological shift.\" Nader Al-Naji Focus introduces exciting new ways for users to generate income through anonymous, crypto-enabled monetization methods. These features include paid reposting (acting as decentralized advertisements), direct messaging for pay, unlockable content, subscription models, and Creator Coins that allow users to invest in other creators’ earnings.

Leveraging the DeSo blockchain and its Nader Al-Naji , Founder of DeSo

Focus infrastructure, Focus facilitates transactions in multiple cryptocurrencies—including USDC, Bitcoin, Ethereum, Solana, DeSo, and Focus tokens—all for an astonishingly low fee of less than 1/10,000th of a cent per transaction, even across different blockchains.

This capability positions Focus to implement groundbreaking monetization models and content strategies that are elusive on higher-fee blockchains or delayed, heavily regulated fiat payment systems. Revolution Proof of Stake Nader Al-Naji, founder of DeSo, adds, \"From the very start, we aimed to establish a scalable, decentralized foundation. Following that, we’d introduce applications that highlight the unique advantages of DeSo technology.\"

DeSo also supports the storage of content directly on-chain for 1/10,000th of a cent per post, which is much less than Solana at $1 per post or Ethereum at $100+ per post.

Focus gives users the chance to reserve tokens akin to staking, with the flexibility to utilize any supported currency like BTC, ETH, SOL, USDC, and DESO. Those who secure their tokens during the early one-week window (from January 11th to January 18th) will benefit from a generous 100% bonus in $FOCUS tokens.

Distinguished from conventional social networks, Focus democratizes revenue by redistributing 100% of all fees directly to the holders of $FOCUS tokens. This model starkly contrasts with existing social platforms, where the profits accumulate primarily to a select few venture capitalists and shareholders.

To promote engagement, Focus is rolling out a unique viral airdrop strategy called The Social Airdrop, rewarding users based on their impact and reach on other social media platforms, thus distributing $FOCUS tokens in proportion to their audience size. HeroSwap For instance, an account garnering a thousand views per post would receive a joining bonus of approximately $100 in $FOCUS tokens, while someone with millions of views—like Elon Musk—could potentially earn a bonus exceeding $100,000 in $FOCUS tokens.

Additionally, The Social Airdrop features a referral initiative, enabling users to invite others to the platform and, as a reward, receive 10% of the referred user's joining bonus along with 5% of all the revenue that the referred user generates.

At launch, FOCUS plans to integrate popular platforms such as X, Instagram, YouTube, TikTok, Twitch, select email domains, DeSo, and OnlyFans.

To participate in the token reservation and secure a 100% bonus in $FOCUS, interested individuals should head to

to reserve their funds before 11:11 AM EST on January 18th. Please note that the bonus amount will decrease each week until the app officially launches.

Stay informed about cryptocurrency distributions through our

is recognized as the sole censorship-resistant Layer-1 blockchain explicitly crafted to support storage-intensive applications and promote the growth of decentralized social networks for widespread adoption. Their mission parallels that of Bitcoin and Ethereum in the realm of finance, striving for the decentralization of social media. With substantial adoption and impressive user numbers, Focus.xyz , DeSo is poised to lead a transformative era in cryptocurrency, propelled by innovative consumer applications capable of scaling to billions of users.

, please remember that the details shared on this page should not be construed as legal, tax, investment, or financial advice. Always invest only what you can afford to lose and ensure you consult with an independent financial advisor if you have doubts. For additional information, refer to the terms and conditions and support pages provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased news; however, market circumstances may change without notice.Airdrops Calendar .

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