$1,000,000 raise completed

By DeHub Team — 2024-03-08

A New Chapter: $1,000,000 Raised for DeHub's Ecosystem Fork, Fan.site

We are thrilled to announce a monumental milestone in the DeHub journey: our strategic ecosystem fork, Fan.site (formerly Blocjerk), has successfully completed a $1,000,000 funding round. This achievement is not just a testament to the robust technology we've meticulously built, but also a powerful validation of our long-term vision for a truly decentralized creator economy.

This raise was backed by a formidable group of strategic investors, thought leaders, and partners who recognize the disruptive potential of our technology. We are proud to be supported by:

• Homeless Ventures: Investors working closely with the likes of zkSync, ANKR & other leading projects.
• Brian D Evans: Founder of BDE Ventures, Inc. 500 entrepreneur and Forbes 40 under 40.
• Jett: President of Hourglass and partner at Apexblock Capital.
• The Gem Hunters: A leading blockchain investment community led by Pandah & BiT_SHaMaN.
• Shiney D: Respected investor & content creator.
• Dark Gandalf: Influential investor & content creator.
• Ferrum's TDI: The Decentralised Incubator.

The overwhelming demand was further demonstrated as several launchpads sold out completely, which was complemented by a highly successful public sale. This widespread belief from both institutional and retail participants underscores the market's appetite for our solution.

The 'Why' Behind the Fork: A Strategy of Principle and Growth

For those who have been with us since the beginning, you'll know that airdrops and ecosystem expansion have been core to our utility since the first whitepaper was drafted in 2021. With the DeHub platform nearing its full-featured completion, the pace for new brands and applications building on our foundational technology is set to accelerate dramatically.

The decision to create Fan.site as a separate, yet connected, entity was a deliberate and strategic one, rooted in our core principles of scalability and market focus. A collection of large, long-term DeHub holders identified a significant opportunity in the vast adult entertainment market—an industry ripe for disruption. However, rather than integrating this content into the primary DeHub application, we firmly believe it is far better to separate markets and communities. This approach allows each platform to tailor its user experience, community guidelines, and marketing efforts to its specific target audience without compromise.

As our whitepaper outlines, adult content presents unique and complex challenges, especially regarding the protection of minors and respecting the diverse values of a global community. By creating a dedicated fork, we uphold our unwavering commitment to permissionless innovation—a cornerstone of the blockchain ethos—while simultaneously maintaining the integrity and focus of the main DeHub platform. We cannot and should not stop someone from forking our open-source app, but we can and will guide the process to ensure it benefits the entire ecosystem.

We want to be explicitly clear: if you are under 18 or uncomfortable with the adult market for any reason, we respect that completely. You can simply await the next DeHub ecosystem airdrop, which we are confident you will love.

From Straight-to-Listing to a Strategic War Chest

Our original plan for this venture was a more conventional direct-to-listing model. However, the dynamic and often volatile nature of the crypto market presented a new, more powerful opportunity. We made the strategic pivot to pursue a significant fundraise, aiming to secure a substantial launch budget that would ensure Fan.site could achieve global recognition and withstand any market condition.

By securing a $1,000,000 war chest, we have provided the project with a multi-year runway. This capital injection is a game-changer. It enables us to execute a robust, multi-channel marketing strategy, accelerate development of cutting-edge features, and compete at the highest level from day one. To execute this vision, we've assembled a powerhouse team, including the marketing experts behind successful projects like $PAAL, a top-tier advisory board, and incubators with deep connections to all the top exchanges and launchpads.

Fueling the DeHub Engine: A Virtuous Economic Cycle

This raise is a victory not just for Fan.site, but for every single member of the DeHub community. A crucial and non-negotiable component of this model is the direct value accrual back to DeHub and its most loyal supporters.

A remarkable 10% of all revenue generated by Fan.site will be used to systematically buy back $DHB on the open market and distribute it directly to all stakers.

This mechanism creates a powerful, symbiotic, and self-sustaining economic relationship. The success of Fan.site directly translates into a stronger DeHub token through constant buy pressure, increased rewards for our stakers, and greater on-chain liquidity for the entire network. It's the ultimate testament to our vision of creating an interconnected ecosystem where every component's success contributes to the strength of the whole. Furthermore, my personal share and key interests from this venture will also be directed towards injecting capital back into DeHub and raising awareness for our core network.

The Market Opportunity and DeHub's Unfair Advantage

The adult market, while massive, is notoriously plagued by systemic issues: discriminatory payment processors, exorbitant fees for creators, and rampant censorship. Blockchain technology, and specifically the DeHub tech stack, is uniquely positioned to solve these deep-rooted problems. Fan.site will leverage our robust infrastructure to offer creators and users a superior experience built on the principles of privacy, security, and fair, transparent compensation.

The business model is designed for high efficiency. The adult market often presents lower customer acquisition costs and higher potential returns on investment compared to more saturated sectors. This operational efficiency will maximize the revenue directed back to the DeHub ecosystem, creating a flywheel effect that accelerates the growth of the entire network.

What's Next on the Roadmap?

With the fundraise successfully completed, we are moving full steam ahead. An aggressive marketing drive will commence shortly, with further details on vesting schedules, token values, and precise launch timings to be provided to the community in the coming weeks. The token generation event is on the horizon, and we want to remind everyone that the snapshots for the airdrop are final. We strongly encourage all our supporters to remain staked to ensure they receive their full allocation.

This is more than just a fundraise; it's the dawn of a new era for DeHub. We are not just building an app; we are building a decentralized powerhouse, and we are eternally grateful to our community for their unwavering trust and support on this journey.

We are together, forever.