For years now, many people have been priced out of the NFT market due to the ridiculously high gas fees incurred when trading over the Ethereum network. Creators have also found it hard to make their ideas come to life with such an expensive and confusing system.
For these issues, NFTb is the solution.
NFTb is a multi-chain platform that makes it easy for anyone to get involved with Defi and NFTs, help creators design their projects, and let investors get in on this very profitable market.
Many innovative and exciting projects have already been launched with the help of NFTb, including the play-to-earn sandbox game Infinity Skies and the NFT marketplace ArtWallet. So, if you want to learn more about what NFTb can do for you, read on for all the information you need.
If you are a creator but don’t fully understand all the technology behind decentralized finance, then NFTb can help you to finish your project and create an ecosystem to monetize it.
Custom vaults with smart contracts are available to projects that are launched on the platform. This means that you can start a crypto token farming and staking ecosystem, which will benefit you and a lot of other people.
The marketplace within the site is purpose-built for NFT digital artists and creators, as well as consumers such as gamers and music fans. It is easy to browse and find an NFT to suit your budget and tastes, and assets can either be bought outright or through an auction.
There are many metaverse projects in development at the moment, with many people claiming them to be the future of the internet (Web 3.0). So that users can seamlessly move their NFTs between NFTb and metaverse platforms, the company decided to build on the Oasis Network. One of Oasis’s advantages is that it protects digital assets’ value in a metaverse setting. It also has a higher level of privacy, and it’s already integrated into many platforms.
What Are NFTB’s Crypto Tokens?
To provide users with a simpler trading platform and also to create a fully decentralized economy, NFTb has created a utility token that can be used to provide liquidity to the site. These tokens are called “NFTB tokens.”
Owners of NFTB tokens can be a part of the platform’s governing body and have a say in how the site is run, either by proposing a new idea or voting on proposals that have already been made. These are called “governance tokens.”The idea is to create a governing body that is dedicated to the long-term success of NFTb.
Tokens are given to people who make and buy things on the site, or they can be bought at a decentralized exchange like Pancake Swap, KuCoin, or Gate.Io.
Since the NFTB tokens were released, the majority of them have been locked up. They are being released and distributed every day, so early buyers and users of the platform will benefit from knowing that the tokens aren’t going to be sold in huge batches, which will lower the value of the coins that are left.
The Key Benefits of Holding NFTB Tokens
NFTB tokens come with many benefits, the most obvious of which is to provide some sort of liquidity for the NFTb ecosystem to function, but there are benefits for users of the platform too.
Holders of these tokens will receive governance rights on the platform, giving them a chance to help in the decision-making process. These votes are usually held when integrating new protocols or editing pool parameters but can include anything about the general governance of NFTb’s platform and marketplace.
Not only that but NFTB tokens can also be used to take discounts off transaction fees when purchasing assets over the platform. Some of these tokens will then be burned, and some will be sent back to the liquidity pool to make more reserves, so there will be more money there.
How Does Governance Work?
Currently, proposals are put forward by the platform developers, and all holders of NFTB tokens will have a chance to vote for or against them. Voting weight is proportionate to the amount of NFTB tokens you hold, so users with most of these tokens will have a larger vote percentage.
However, NFTb plans to move towards a fully decentralized system, where all decisions are made by the users. This means that anyone can put forward a proposal about the future of the platform.
In this system, known as a DAO, or a decentralized autonomous organization, votes are still proportionate to the number of tokens held. As these tokens are awarded to active users of NFTb, it ensures all votes and proposals are made by users who regularly use the platform; those with its best interests at heart.
How Does NFTB Work?
NFTB tokens are not intended to be traded or sold, as they have no real value or genuine use outside of NFTb. Instead, the idea is to give the most active users of the site the power to run the site and reward them for keeping their tokens and keeping money in the liquidity pool instead of selling them.
The highest proportion of NFTB tokens—45% to be exact—will be used to entice creators to use the tools available at NFTb and to incentivize the usage of the marketplace by collectors and investors.
NFTB is vested in users initially rather than fully given. Essentially, this is like a contract that verifies your right to an X number of tokens. NFTB will then be distributed daily at a rate of about 5,500 per day among those who have vested tokens. This ensures quality listings and avoids the gamification of NFTB tokens.
Is NFTB Deflationary?
NFTb will burn 25% of the tokens in circulation over the next 20 years to give users a deflationary token and ecosystem. They will use a system similar to the Binance Coin that takes into account many factors.
This burn mechanism ensures an anti-inflationary ecosystem in which the value of the remaining tokens will always rise, rewarding those who hold onto them.
NFTb is the ultimate platform for those interested in getting involved with the current Defi and NFT hype. Its simple launchpad with reserved, customizable vaults can help creators get their projects off the ground and create an ecosystem in which users can farm, stake, and mine crypto tokens.
The company wants to make these complicated and expensive technologies available to everyone and has already used them to launch play-to-earn sandbox games and NFT collectibles, which have been a big hit.
It’s not just creators who can benefit from low gas fees on the Oasis Network that NFTb runs on. Collectors and investors can also benefit from the low gas fees. The marketplace also makes it easy for buyers and sellers to find each other and trade assets across multiple blockchains.
Using a burn mechanism that is based on Binance Coin’s innovative approach, NFTb keeps the value of its token high and creates a deflationary ecosystem.
All in all, NFTb is a great platform for anyone new to the world of Defi and NFTs, and whether you’re a creator or a consumer, the site has a lot to offer, so head over there today to see what it can do for you.
- NFTb is a multi-chain platform that makes it easy for anyone to get involved with Defi and NFTs, help creators design their projects, and let investors get in on this very profitable market.
- The idea is to create a governing body that is dedicated to the long-term success of NFTb.
- The highest proportion of NFTB tokens—45% to be exact—will be used to entice creators to use the tools available at NFTb and to incentivize the usage of the marketplace by collectors and investors.
- NFTb will burn 25% of the tokens in circulation over the next 20 years to give users a deflationary token and ecosystem. They will use a system similar to the Binance Coin that takes into account many factors.