In this guide you’ll get information about where to buy Only1, if you are planning to buy LIKE token – You’re in the right place!
Only1 is a decentralized platform that combines social media and NFT. It’s technically called as the NFT-powered decentralized social platform that is constructed on Solana chain. Simply by combining the native token, a scalable blockchain, social media, and NFT marketplace, the platform provides a unique way to connect content creators and their fans. Through the platform, fans can access, invest, and earn from the (limited edition) contents, which are created by the most popular celebrities or influencers in the world. Everything is about NFTs and how people can benefit from the digital assets.
Moreover, Only1 has its own marketplace, specializing in NFTs. Through the marketplace, users are able to sell, buy, and trade their NFTs. Moreover, the marketplace has its own unique mechanism that guarantees to deliver profits for everyone involved: the creators, the owners, and the fans.
As users of social media want to be connected to their favorite creators or celebrities, they need a mean to make it possible. Conventional and traditional social media has middle-men or intermediaries, of which creators must go through if they want to deal with paid advertisements, sell merchandise, or do shout-outs. Any kind of partnership will need the intermediaries. With Only1, however, creators won’t have to use the middle-men anymore, thanks to their new (and unique) features.
Table of Contents
Only1 (LIKE) Features
- Creator Genesis NFT. Through this feature, creators can mint (genesis) NFT when they have passed KYC. When they have minted their NFTs, they will get LIKE for engagement reward. In the meantime, fans can use their LIKE to bid for the Star NFT in the marketplace. The benefits include the ability for the fans to stake LIKE on their favorable influencer profile. It is also beneficial for the NFT owners and also creators as they will be splitting the (staking) rewards.
- Content NFT farming. Creators can post exclusive contents as NFT, and when fans bid on the NFT and buy it, a portion of the tokens would be burned. For other fans, they can unlock with their token and they will get lottery tickets.
- Solana foundation. The reason why Only1 chooses Solana as the main chain foundation is because of its scalability. Not only Solana is able to offer fast-processing time, but it also offer extremely low gas cost that won’t burden the users.
Where to Buy, Sell and Trade Only1 aka LIKE
You can basically use debit card, credit card, or even PayPal to buy the Only1 (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Only1 as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Only1. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Only1 currency and exchange your Ethereum / Bitcoin / Tether with the Only1
- Store your Only1 to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying Only1, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Only1:
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the LIKE/BTC or LIKE/ETH or LIKE/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you LIKE/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Only1 (LIKE)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Only1 (LIKE) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Only1 (LIKE) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Only1. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Only1 (LIKE) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Only1 (LIKE) with Skrill?
You can’t buy LIKE directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Only1. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy Only1 (LIKE) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair LIKE/BTC and begin the transactions.
Can I Buy Only1 (LIKE) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support LIKE/ETH trading pair.
What Is the Best Payment Method to Buy Only1 (LIKE)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Only1 right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Only1 (LIKE)?
Once you have purchased the Only1, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Only1 (LIKE)?
Find a crypto exchange which allow pairing LIKE with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Only1 (LIKE) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Only1 is to buy it from a reliable exchange.
Only1 basically provides a creator economy (through on chain system) through creator staking pools and NFT marketplace. The purpose is to reward fans and creators fairly through a gated access to the contents. Fans can connect to their favorite creators while investing and also earning at the same time. The only way to join the platform is through token purchase, meaning that users must buy Only1 (LIKE).