NFTrade is the first decentralized, multi-chain platform for Non Fungible Tokens. Non Fungible Tokens, or NFTs, are tokens that one can use to illustrate possession of unique items. They can have solely one authentic owner and are a certificate of ownership protected by blockchain technology.
The utility token for the NFTrade program is NFT Token. It allows users to have a first-hand say in the upcoming decision-making of the platform. The token will also provide users with the benefits of fee discounts on the platform, and the power to stake and earn incompatible NFTs and a concrete APY as pliable income. No one can alter the evidence of ownership or copy/paste a new NFT. Using NFTrade, anyone can earn access to the totality of their NFT, discovering the whole value of the NFT market.
Features and benefits of NFTrade
- NFTrade has much more uses than just being a token used to show possession of unique items. With its recent partnership with Charged Particles, the purposes and benefits of NFTrade have increased manifold. Due to one of the most groundbreaking venture with Charged Particles, end users will be able to trade their NFTs with ease, which will be representative of a basket savings of other tokens in a guarded and peer-to-peer method, throwing all the risks and guesswork out the window.
- NFTrade announced partnership on June 8 with Poolz, which is an IDO platform that will redistribute the method of linking early-stage blockchain cryptocurrency developers and investors. Due to this collaboration, $75,000 worth of $NFT tokens will be on sale, which will further allow the tokens to be distributed as widely as possible and accessible to many people instead of merely centralizing them into the hold of VCs and high net worth capitalists.
NFTrade Launchpad
NFTrade Launchpads provide an authenticated method to launch high quality projects. As everyday users are increasing and comprehending the power that NFT holds, more plans and projects will launch to be in service and develop within the ecosystem. The launchpad expansion team functions head on with fresh projects, constantly examining them and their solutions to make sure they are up to the mark. NFTrade aspires to be the hub of the finest projects launching in the NFT Space.
NFT Farming
Through NFT Farming, unlike conventional staking, end users can get a hold of much rarer and unique assets, that produce distinctive yields. It is constructed on the idea of token staking, by way of which users will gain additional yields and rewards by staking tokens through an NFT rooted reward. These collectible tokens can differ greatly based on the type of token being staked, the usage case, and what the intrinsic development teams regard as the actual reward to be made earnable. Mainly the rewards are separated into two broad categories – collectible NFTs and utility-based NFTs.
Multi-chain
NFTrade is a multi-chain platform, which means it is accessible to everyone – on all functioning blockchains and websites. The more access to a particular platform, the more the chance is to seize supplementary users and network worth. NFTs are now approachable on several platforms such as Cardano, Binance Smart Chain, HECO, WAX, Flow, and more. Making NFTs accessible on one platform makes it easier for everyone and provides additional opportunities.
Cross-chain
NFTrade is a cross chain mechanism provider which allows transactional smart contracts to provide users with the benefit of accessing other’s token within the bounds of a particular time frame, finalizing the settlement and the swap between both the parties once they have met the standards set by the smart contract. Taking an example of cryptocurrency, this transaction will be like trading ETH for BTC.
NFT Aggregator
It can be quite tough for investors or collectors to efficiently track new NFT launches or releases they are searching for. On account of aggregation, NFTs can float freely across various platforms, but the sales figures will be gathered and moved on to an open marketplace where purchasing, selling and exchanging can also take place. With the help of an NFT Aggregator, the marketplace will be much more approachable and everyone will know they merely need one application to obtain everything they could conclusively find in the open market.
NFTrade Roadmap:
NFTrade’s major forthcoming features:
Upcoming features
MVP LAUNCH: generate, purchase, sell, and farm NFTs on the Ethereum blockchain.
What to expect?
Purchasing, selling and P2P exchange of NFTs:
From their primary mainnet launch and MVP, they will allow NFT access to all applicable blockchain platforms, authorizing for multi-chain and cross-chain purchasing, selling and swapping. With their MVP, these properties will solely be accessible on the Ethereum network. With Ethereum being the most important smart contract network in the market and acts as the spine for the major part of the DeFi ecosystem, NFTrade felt it is most essential to start with this network. They further plan to rapidly broaden to include more networks such as Flow, Avalanche, Polkadot (when it is released), Binance Smart Chain, Wax, and more. Such features will give end users an introductory feel of what it would be like to transact using the NFTrade network.
NFT Creation:
NFTrade will permit users to begin minting their own NFTs right from their platform, besides the trading of NFTs. The process will be as easy as possible so that both nontechnical and technical users get to make their own NFTs with merely a few clicks of a button. Everyone will have access to directly mint NFTs from their browser wallet, resulting in non-custodial creation and total access to their NFT. This will give holders the authority to sell, exchange, give, keep it away, or do anything they would like to do with their NFTs.
NFT Farming:
As already mentioned above, NFT Farming is a very unique feature provided by NFTrade. Through NFT Farming, unlike conventional staking, end users can get a hold of much rarer and unique assets, that produce distinctive yields. It is constructed on the idea of token staking, by way of which users will gain additional yields and rewards by staking tokens through an NFT rooted reward. These collectible tokens can differ greatly based on the type of token being staked, the usage case, and what the intrinsic development teams regard as the actual reward to be made earn-able. Mainly the rewards are separated into two broad categories – collectible NFTs and utility-based NFTs.
Multi-chain incorporation: Platform accessibility on BSC, Ethereum, Polygon, and Avalanche blockchains.
What to expect?
Some of the most essential features of initiating multi-chain availability to non-fungible tokens are identified by NFTrade as such:
Introducing New People to NFTs:
Some people are loyal to Bitcoin, while some are open to checking out the Binance Smart Chain and more new platforms. However, by initiating this multi-chain feature, it wouldn’t make any difference what the network the users prefer, as NFTs will be accessible throughout several chains and there would be no obstacles holding anyone back from including themselves in this upcoming asset class.
Revealing additional liquidity:
Specific chains have millions to billions of dollars of capital resting on top of their networks, just anticipating for the correct application to come along that will swallow it up by giving unrestricted value. With the increasing and constant interest noticed within the NFT ecosystem, this getaway can be provided by a multi-chain NFT platform. Considering the example of all the newly minted BNB millionaires who saw their holdings shoot in value – BSC, the chain that arranges BNB as an intrinsic asset, has very restricted NFT applications presently, almost zero when compared to the powerful NFT market seen on Ethereum. Due to the creation of a multi-chain NFT platform, BSC users could shell out their well-earned BNB on Ethereum-built NFTs, and vice versa. The significance of this liquidity introduction should not be brushed aside, and may be the basis of laying the foundations of a long-established NFT marketplace.
Mitigating Fees:
Anyone who has had an experience with Ethereum knows about its unfeasible fees. As more settlements are conducted, Ethereum blocks fill up faster and faster, resulting in extended transaction time and higher fees to authenticate the transactions. By way of multi-chain NFT exchanges, end users can mint their NFT on one chain with less fees and then transfer it over to a more famous network to conduct the sales.
NFT Launchpad: Launch and auction news NFTs
What to expect?
As once mentioned above, NFTrade Launchpads will provide an authenticated method to produce high quality projects. As everyday users are increasing and comprehending the power that NFT holds, more plans and projects will launch to be in service and develop within the ecosystem. The launchpad expansion team functions head on with fresh projects, constantly examining them and their solutions to make sure they are up to the mark. NFTrade aspires to be the hub of the finest projects launching in the NFT Space. With the constant evolution of the NFT space, introducing an NFT launchpad puts forward an especially worthwhile chance that the NFTrade group of users will be able to make the most on.
Added Blockchains support: Integration of several chains
What to expect?
Again, as described earlier, NFTrade is a multi-chain platform, which means it is accessible to everyone – on all functioning blockchains and websites. The more access to a particular platform, the more the chance is to seize supplementary users and network worth. NFTs are now approachable on several platforms such as Ethereum, Cardano, Binance Smart Chain, HECO, WAX, Flow, and more. Making NFTs accessible on one platform makes it easier for everyone and provides additional opportunities.
Cross chain capabilities: Interacting with NFTs directly
What to expect?
NFTrade is a cross chain mechanism provider which allows transactional smart contracts to provide users with the benefit of accessing other’s token within the bounds of a particular time frame, finalizing the settlement and the swap between both the parties once they have met the standards set by the smart contract. Taking an example of cryptocurrency, this transaction will be like trading ETH for BTC.
Social features: Various characteristics to promote user engagement
What to expect?
The opportunities that an NFT-based social platform can provide are almost endless, as it can contain every different industry or feature of the NFT marketplace. This can include art, gaming-based NFTs, NFTs based on physical assets, utility-focused NFTs and more. The art and gaming industries solely represent a mixed market size of approximately $235 billion as of 2020, a huge amount, and there are not many places for fanatics of these spaces to socialize virtually with other members of their group. Most NFT platforms concentrate on the marketplace feature of the asset class, which is without a doubt of utmost importance, but NFTrade wants to develop on what’s already accessible.
Should you use NFTrade?
So for anyone who wants to mint, buy and sell NFTs, NFTrade is a good choice. It offers you a multichain platform. You may choose your preferred network to launch or trade your NFT.
For anyone who is an NFT collector, instead of looking for top NFTs to buy in different platforms, users can look for the NFTs in one platform.
As far as the launchpad is concerned, once they launch their services, we would be in a better position to decide whether NFTrade will be a good platform to launch your next NFT project or not.
Should you buy NFTrade?
Looking at the tokenomics, it’s clear that they have a long vesting period for private investors. Which means, Tokens can not be dumped by the private players. Whoever has invested is in it for a long term.
Also, the price for seed, private sale and IDO price is same. i.e., 0.10 USD. So there is a very little chance of the price going below 0.10 USD.
NFTrade has got some great strategic partners and investors on board.
Overall, this looks like a good project to invest in.
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Ultimately, it is up to you whether or not you would like to take part in the new opportunities coming forth within the blockchain market. NFTrade provides one of the first dependable methods for any user to participate in some of the high quality projects in the world at the ground level, something that was unthinkable just a few years ago. With the constant development of the NFT space specifically, launching a project like NFTrade provides an especially useful opportunity that the NFTrade group of users will be able to take advantage of.
NFT Token allocation, price per token, total amount raised
Investors and Partners:
- CYBERFI
- DAO Maker
- ZOKYO
- LaunchX
- io
- SevenX ventures
- PAID NETWORK
- PolkaFoundry
- AVA
- TSUKIYOMI GROUP
Team:
- CEO – Ori Levi
- CTO – Shahaf Antwarg
- COO – Etai Koren
- Head of Communications – Harrison Seletsky
- Marketing Manager – Masha Prusso
- Security Advisor – Hartej Sawhney
- Advisors – Christoph Zaknun, Hassan Sheikh, Shai Mohaban
- Operations Manager – Anna Savenko
- Public Relations – Alexandra Karpova
