Tim Stokely, founder of the OnlyFans platform, and the crypto-oriented Hbar Foundation submitted a last-minute bid to acquire TikTok from the Chinese company ByteDance. The bid came from Zoop — a social platform Stokely launched with entrepreneur RJ Phillips. According to Phillips, the goal is to “democratize revenue distribution” among content creators and users.

While OnlyFans is associated with adult content, Zoop is a mainstream platform promising to share up to 80% of ad revenue with creators and the audience. The participating Hbar Foundation manages the assets of the Hedera blockchain network.

“Our bid isn’t just about changing ownership. It’s about building a new model where the value generated by the community is returned to the community,” the Zoop statement said.

If ByteDance doesn’t agree to a sale by April 5, TikTok will be blocked for 170 million users in the U.S. Other potential buyers include Microsoft, Oracle, Perplexity AI, Elon Musk, and YouTuber MrBeast. Amazon also reportedly submitted a last-minute offer.

“This is our David vs. Goliath moment,” Phillips told Wired. “Creators bring the audience, so they should receive the lion’s share of ad revenue. And those who engage with the content should benefit too.”