A never-before-seen SNS, fandom platform 'FANTOO'
The main source of revenue for the platform comes from advertisers' advertising content, generating revenue based on users' activities.
The generated advertising revenue is exchanged into digital assets (HNP Token) through the HNPAY (HNP Wallet), which can be utilized as a global public payment method within the platform.
These digital assets serve as the platform's common currency and payment method for service usage.
Additionally, they are listed on global virtual asset exchanges, both centralized and decentralized, beyond the HNP Wallet, enabling trading.
HNP Tokens are utilized for service expansion, such as integration with other virtual assets and NFTs.
Beyond social services that communicate and engage with global fans, the fusion of technology and token economy in the Fandom Universe will open up new horizons in the SNS market
The goal of HNP is to become the foundation of a new global currency used by tens of billions of people every day.
The blockchain team at Hanryu Network Corporation has reviewed several existing blockchain technologies and has decided to develop a new blockchain that meets the following requirements.
01
Whether it is suitable in terms of transaction throughput, latency, efficiency, and data storage when used by billions of users.
Whether it is suitable in terms of transaction throughput, latency, efficiency, and data storage when used by billions of users.
02
Fair compensation for network participants
03
Whether it can minimize the volatility of the issued cryptocurrency.
Whether it can minimize the volatility of the issued cryptocurrency.
04
Whether it is flexible enough to pursue and accommodate diverse and innovative services in the future.
Market analysis
HNP is connected to the rapidly growing global Hallyu fandom. By conducting in-depth market analysis and reflecting the latest trends, the following strategies have been formulated
NFTs and the Metaverse
NFT Integration: Introducing a new revenue model into the fandom economy by issuing digital ownership and collectibles of Hallyu content as NFTs. This creates a new market where artists and fans can directly trade, bringing in new streams of income.
Metaverse Expansion: HNP provides a virtual space within the metaverse where fans can actively participate and communicate. This space enables various activities such as K-POP concerts, fan meetings, virtual exhibitions, and more.
Metaverse Expansion: HNP provides a virtual space within the metaverse where fans can actively participate and communicate. This space enables various activities such as K-POP concerts, fan meetings, virtual exhibitions, and more.
Global Market Trends
Global Expansion Strategy: Aim to expand into global markets beyond Asia, including North America, Europe, and South America. Develop customized strategies tailored to the market characteristics of each region to build a global network of Hallyu fandom.
The background of the birth of Hanryu Network Pay (HNP)
HNP is the blockchain infrastructure of FANTOO, a global fan network service where fans worldwide communicate and collaborate together. FANTOO integrates HNP's blockchain technology to transparently evaluate and reward the contributions of numerous community members. Drawing from the experiences gained in the creation, development, and decline of various projects and related communities, HNP applies all concepts of internet communities and social media. The core element of HNP is a fair and transparent system capable of consistently reflecting the contributions of each community member. To maintain such a system, the HNP Wallet verifies whether the value of cryptocurrencies is maintained at a reasonable level and conducts regular audits.
User-generated content has created billions of dollars in value for shareholders of social media companies like Reddit, Facebook, and Twitter. In 2014, Reddit proposed rewarding everyone who contributes to reddit.com through activities like posting, commenting, and voting with Reddit, Inc. shares, hypothesizing that this would improve their platform further.
HNP aims to support communities by rewarding virtual assets based on contribution levels of social media and online community members. Core principles have been applied to HNP. The most important principle of HNP is to reserve tokens equivalent to 50% of FANTOO's advertising revenue in the FANTOO Wallet. This principle offers the advantage of reducing price volatility while maintaining the benefits of blockchain-based virtual assets.
Moreover, community members become participants in FANTOO by creating and evaluating content and subsequently receiving rewards, thus engaging in HNP's token economy. The principle is based on a cyclical structure where an increase in FANTOO participants leads to increased revenue from community activation and can also expect qualitative improvement in content.
Regardless of the method, capital holds equal value. That is, individuals who invest time and effort into content creation and curation are just as important as those who contribute capital.
User-generated content has created billions of dollars in value for shareholders of social media companies like Reddit, Facebook, and Twitter. In 2014, Reddit proposed rewarding everyone who contributes to reddit.com through activities like posting, commenting, and voting with Reddit, Inc. shares, hypothesizing that this would improve their platform further.
HNP aims to support communities by rewarding virtual assets based on contribution levels of social media and online community members. Core principles have been applied to HNP. The most important principle of HNP is to reserve tokens equivalent to 50% of FANTOO's advertising revenue in the FANTOO Wallet. This principle offers the advantage of reducing price volatility while maintaining the benefits of blockchain-based virtual assets.
Moreover, community members become participants in FANTOO by creating and evaluating content and subsequently receiving rewards, thus engaging in HNP's token economy. The principle is based on a cyclical structure where an increase in FANTOO participants leads to increased revenue from community activation and can also expect qualitative improvement in content.
Regardless of the method, capital holds equal value. That is, individuals who invest time and effort into content creation and curation are just as important as those who contribute capital.
Pain Point of Community Block-Chain
Technology and
Architecture
Cross-chain
technology
Staking
rewards
Governance
Participation
Technology and Architecture
Hanryu Network Pay (HNP) provides services utilizing state-of-the-art blockchain infrastructure that offers high performance, low fees, fast transaction speeds, and high transaction throughput. Reflecting the latest trends, it features the following technological characteristics
Proof of Authority based on Ethereum codebase (BEP-20)
Binance Delegated Proof of Stake
(B-DPoS)
BSC Proof of Staked Authority (PoSA) with 21 nodes
Binance Chain block time approximately
1 second, BSC block creation time approximately 3 seconds
API support for token issuance and integration
Decentralized management application
Cross-chain technology
Interoperability: By adopting cross-chain technology, which enables seamless communication with other blockchain networks, it facilitates the easy exchange of various cryptocurrencies and digital assets
Staking rewards
Staking Program: Holders of Hanryu Network Pay (HNP) can earn profits by contributing to network security and token circulation. The tokens secured through staking are utilized for network governance and various DeFi services.
Reward Mechanism: HNP acquired through active community participation and transactions within the platform can be reinvested with additional rewards, including interest earned through staking.
Governance Participation
HNP holders can directly participate in significant decisions of the project. This is achieved through a transparent governance model, where token holders can vote on the platform's development direction, token utility additions, partnership decisions, and more.
Use Cases andApplications
HNP
Wallet
Copyright
Management System
HNP Coin
& NFT
PLUG9
Hanryu Metaverse
HNP Wallet
HNP shares backend infrastructure such as Ethereum, third-party APIs, distributed systems, Coin Smart Contracts, and API trading. The HNP wallet securely stores HNP Tokens issued within the FANTOO ecosystem. This wallet, available for separate download via the store, allows users to hold assets including Bitcoin (BTC) and Ethereum (ETH), facilitating asset transfers between platform members and providing external deposits and withdrawals to exchanges. Additionally, it offers real-time price information for virtual assets held. In the future, we plan to further enhance convenience by establishing a system for direct exchange with Bitcoin and Ethereum, enabling easy purchases using credit cards, among other features.
Copyright Management System
HNP grants copyright and adjacent rights to original content (images, videos, audio, emojis, etc.) distributed on FANTOO, and tracks and manages them. Additionally, it contributes to increasing the accuracy and reliability of information by settling copyright fees for revenue, aiming to create a sustainable and transparent copyright ecosystem. When planning agencies distribute original content such as music, music videos, and design rights on FANTOO, HNP technology is used to generate and track blocks for the original content, facilitating billing and settlement for the source content.
HNP Coin & NFT
NFT stands for Non-Fungible Token, representing "non-replaceable tokens." It tokenizes proof of ownership based on the prevention of data tampering and ownership proof according to transaction history, one of the key features of blockchain. Recently, the NFT market has been thriving, particularly among artists and collectors, and HNP plans to provide a business model integrating FANTOO, a Hallyu fandom platform, with NFTs. In particular, we will utilize bridges to support separate markets, allowing transactions through external NFT markets such as Opensea, CryptoGraph, Nifty Gateway, and Marketplace.
Furthermore, through FANTOO's "Ducgom" NFT, it will serve the role of rewards and points within the platform. Ducgom NFTs are issued in denominations of $1, $10, $100, $1,000, $5,000, $10,000, and $100,000, and can be swapped with HNP tokens and other assets within the HNP Wallet.
Using HNP for K CON
You can purchase tickets for all global K CON concerts hosted on FANTOO using HNP Tokens. The purchased tickets can be owned in the form of NFT tokens in the HNP Wallet, and you can receive HNP Token rewards by participating in FANTOO's unique events and mature performance culture.
Reward events are calculated based on a comprehensive score that includes activity levels in the FANTOO APP, concert attendance, SNS postings through the APP, and small actions at the concert venue, among other missions.
PLUG9 Hanryu
Metaverse
The metaverse is a system composed of "meta" (virtual) and "universe" (world), allowing various activities such as politics, economics, society, and culture to take place in a virtual world. With the rise of non-face-to-face interactions due to COVID-19, the metaverse has become closer to reality than ever before. HNP will expand fan club spaces, which are social network gathering places, into virtual spaces, providing new user experiences, and enabling economic activities within the metaverse through blockchain technology.
Guam Hanryu Street
(Street in Seoul)
FANTOO is pursuing the "Hallyu Town" project in Guam as one of its main businesses. It aims to create a complex facility where visitors can experience fun and Korean culture through various contents such as resorts, festivals, K-Food, and virtual experience spaces. In this project, HNP Tokens will be utilized to own resorts as NFTs, and all payment methods including food and performance experiences will be planned to be used within the HNP ecosystem.
Development and Sale of Hallyu Town(Planned Site Area: 114,795 m2 (34,725.5PY))
Hotels and Resorts, Festivals, Restaurants, Digital Services, etc.
Product Sales (Hallyu Celebrity Albums and Goods, Branded Goods)
Operation of Exhibition Halls
DEVELOPMENT
ROADMAP
2022. 3Q
Exchange Listing(1st Tier)
FANTOO Metaverse Beta
FANTOO Card Issurance
FANTOO Metaverse Beta
FANTOO Card Issurance
DEVELOPMENT
ROADMAP
2022. 2Q
Support Custody
Masternode Launch
Tokenissuer Launch
Exchange Listing(1st Tier)
K-Navigation Launch
Masternode Launch
Tokenissuer Launch
Exchange Listing(1st Tier)
K-Navigation Launch
DEVELOPMENT
ROADMAP
2022. 1Q
Bridge Launch (ETH, BSC)
Exchange Listing(1.5 Tier)
FANTOO NFT Market Beta Launch
FANTOO Wallet Swap Support
FANTOO Mall Launch
Exchange Listing(1.5 Tier)
FANTOO NFT Market Beta Launch
FANTOO Wallet Swap Support
FANTOO Mall Launch
DEVELOPMENT
ROADMAP
2021. 4Q
Masternode Reward
FANTOO Reward
FANTOO Wallet Official Launch
FANTOO Web Service Launch
Exchange Listing (2nd)
FANTOO Reward
FANTOO Wallet Official Launch
FANTOO Web Service Launch
Exchange Listing (2nd)
DEVELOPMENT
ROADMAP
2021. 3Q
Genesis Block, Token Issue
Source Code Audit
Pre-Sale
Main-net Launch
FANTOO Wallet Beta Launch
Exchange Listing (1st) °
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