Blockchain-based reward token ‘fanC’ announced on the 3rd that it has signed a custody agreement for virtual asset management with Korea Digital Asset (KODA).
FanC token is a reward-type blockchain project used in C2E (Create to Earn), a reward program for the creator economy of the domestic short-form platform ‘CELEBe’, and W2E (Watch to Earn), a new concept program that rewards content viewing behavior. It is also a utility token used for NFT transactions on ‘fanCPlace’, an integrated NFT platform.
KODA is a virtual asset custody service provider established by KB Kookmin Bank together with blockchain technology company Hatch Labs and blockchain specialized investment firm Hashed, offering one-stop digital asset custody services specialized for corporations and institutions.
With this custody agreement, fanC tokens will be stored in KODA’s ‘virtual asset custody service’ system, enhancing transparency and stability through the distribution and management of fanC tokens according to the schedule disclosed by the fanC Foundation, thereby strengthening investor protection.
A fanC representative stated, “Starting with this custody agreement, we will strive to create an ecosystem for ‘fair circulation’ and ‘highly reliable transparency’ of the fanC project.”
Meanwhile, fanC token is listed on global exchanges MEXC, Huobi Global, CoinDcx, and LATOKEN.
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