A paradigm shift in the NFT area
A paradigm shift in the NFT area
Non -funny tokens have conquered the world by storm. A few years ago it was a foreign word for the majority, today it seems as if everyone knows the Bored Ape Yacht Club or the countless other popular collections.
And yet it remains crystal clear for connoisseurs that the market for non -fungible tokens is rather illiquid today, especially in comparison to cryptocurrencies.
Of course, this is partly due to the fact that NFTs are not fungeable compared to their fungical objects compared to Bitcoin, Ethereum and others. After all, they don't care what precise BTC they have, but the difference between two NFTs can easily cost hundreds of thousands of dollars.
Pawnfi is a project that aims to drive NFT liquidity in a way that is more than an exclusive club in "finances". The project strives to become a leading solution for NFT financing and to offer the market participants various intake options, regardless of their specialist knowledge or background.
pawnfi is above the competition
The world of non -funny tokens is exciting and explosive, but is still in its infancy. Some of the challenges with which it is confronted, such as the lack of comprehensive liquidity for newcomers and the lack of general tools, are still considerable entry barriers even for crypto native.
The approach of Pawnfi is foolproof and aims to bring about a paradigm shift in the way NFTS are traded, exchanged and interacted.
It has a number of interesting and innovative functions, such as:
- comprehensive P-token design
- flash-trades
- led NFT trade
- immediate liquidity
A closer look at the innovative functions of Pawnfi
The most important thing first: It is worth noting that Pawnfi is operated by some of the best -known VCS in the industry, such as DCG, Coinbase, Polygon, Animoca Brands and more.
The aim of the project is to introduce a new approach for trade and interaction with NFTS with the P-token.
Essentially, every NFT collection is symbolized by a certain P-token that works similar to digital currencies. This enables the trade and use of NFTS in a way that is reminiscent of financial transactions in Defi. For example:
- The possession of a BayC-NFT would correspond to 1,000 p-bayc and vice
- The possession of an azuki-nft would correspond to 1,000 p-azuki and vice
You understand the essentials.
a variety of skills
Against this background, Pawnfi offers a number of different services as a kind of gateway between P-tokens and NFTS.These include:
flash trades
This is immediate NFT and P-token exchanges. Owner can sell an NFT for 1,000 p-tokens in real time and then buy an NFT from the Pawnfi NFT-Resor with the same amount of P-tokens.
The interesting thing is that Pawnfi enables traders to exchange P-tokens for two different ways for an NFT-specific or random. In other words, users can get a randomly selected NFT out of the safe if they feel like more. This function suggests that business is immediately carried out - both purchases and sales.
increase leverage
The NFT lever enables the user to borrow P-Tooks and use their own NFTs as security. The LTV ratio (Loan-to-Value) is set to 100 % and both the loan and the interest are on P-token. This offers certain protection against medium -term liquidation risks if the minimum price of the project drops.
In addition, users can benefit from a cross -margin credit market. This mechanism is similar to Aave and Compound, where the Defi money market is set up. With the design of P-token, however, NFTs can now play the same role here. Imagine that you provide 2 Azuki as security and borrow ETH-2000 P-Azuki are now fed into this credit market and others can take out loans. This means that if the Azuki holder pays back and lifts, he may earn some P-Azuki as interest yield.
broadcast
Essentially, Pawnfi’s Consignment guarantees that tokenization is not limited to non -fungible tokens that are near the minimum prices. This also means that users can rely on immediate payment for NFT sales, so that owners do not have to underestimate their offers to secure quick businesses.
In addition, Pawnfi's P token design makes the immediate liquidity requirement of various user profiles and the integration of NFT into the Defi-Playbook.
early access to the exciting platform of Pawnfi
While the team is preparing for the big start, the expansion of the Early Access to a hand -picked number of communities is a strategic step that aims to refine the platform and to further optimize its user experience.
As part of a private beta phase, the team has already worked with industry pioneers, testers, exam partners (such as Peckshield) and investors of different types.
In order to show his gratitude towards loyal supporters, early adopters, supporters and everyone who works for the success of Pawnfi, the team introduces the Pawnfi Early Access phase and participates in the invite program. It offers numerous advantages. So do not hesitate to search for further information on the official discord.
Website: https://www.pawnfi.com
Twitter: https://twitter.com/pawnfiofficial
Telegram: https://t.me/pawnfiann
medium: https://blog.pawnfi.com
discord: https://discord.gg/pawnfi
Liability exclusion: The above article is sponsored content. There are no opinions or views of cryptopotato again and nothing in it should be interpreted as financial advice. The readers are strongly recommended to check the information independently and carefully. Investments in cryptocurrencies cover the risk of capital loss. The readers are also recommended to consult a specialist before making decisions that may be based on the above -mentioned sponsored content or not.
The reader is also recommended to read the complete disclaimer of Cryptopotato.