💰Token Utilities

Token Name: OnlyFrenz

Symbol: OFC

Quantity: 100,000,000

Decimals: 18

The OnlyFrenz Coin (OFC) is a digital currency that operates on a blockchain-based system within the OnlyFrenz platform. OFT serves as a medium of exchange for virtual gifts and transactions, enabling secure and efficient payments between subscribers and the platform.

Token Minting

1. Subscribers can acquire OFC through monthly subscription.

2. Win OFC by playing games with ai.

Subscribers	Description	Price	1 Year Circulation
10,000	$10,000 of token is issued monthly.	$1.00	$120,000
100,000	$100,000 of token is issued monthly.	$1.00	$1,200,000
1,000,000	$1,000,000 of token is issued monthly.	$1.00	$12,000,000
10,000,000	$10,000,000 of token is issued monthly.	$1.00	$120,000,000

• High demand for OFC: The demand for spending OFC on gifts and playing games with the AI exceeds the available supply in circulation.

• Peer-to-peer trading: Subscribers can trade OFC through our peer-to-peer platform or crypto exchanges.

• Price increase over time: Due to the limited circulation of OFC, the price of OFC is expected to increase gradually.

• Scarcity-driven value: The scarcity of OFC contributes to its increasing value as the supply cannot keep up with the demand. The burning of tokens for AI interactions creates more scarcity by decreasing the available supply of OFC in circulation.

OFC Token Burning

1. Burning OFC for gift purchases: OFC spent on buying gifts for the AI will be sent to burning, reducing the overall supply of OFC in the market.

2. Burning OFC for lost games: If subscribers spend OFC on playing games with the AI and lose, the OFC spent will be sent to burning.

   Exception for insurance protection: OFC spent by subscribers who purchased insurance protection will not be burned and will be returned to them.

OnlyFrenz Coin and Virtual Gift Payments:

To facilitate the virtual gifting experience on OnlyFrenz, we introduce the OnlyFrenz Coin (OFC), a native cryptocurrency within the platform. Subscribers can use OFC to make payments for virtual gifts offered to their AI avatars. Here's how the virtual gift payment system works:

Gift Pricing and Conversion Virtual gifts within OnlyFrenz are priced in OFC. Each gift has a specific OFC value assigned to it based on its perceived value and rarity within the platform. Subscribers can view the OFC pricing for each gift before making a purchase decision.

Wallet Integration Subscribers have a dedicated digital wallet within OnlyFrenz where they can store and manage their OFC balance. The wallet provides a secure and convenient way for subscribers to access and utilize their tokens for virtual gift payments.

Gift Payment Process When a subscriber wishes to gift an item to their AI avatar, they can initiate the payment process through their OnlyFrenz account. The platform will deduct the corresponding amount of OFC from the subscriber's wallet to complete the virtual gift purchase.