ByteNext provides ecosystem for NFTs. What about BNU?
The ByteNext is launching its ICO today. The project aims to raise $90,000 by trading 1,000,000 tokens. The ICO price is $0.09 per BNU. BYTENEXT plans to build up the AvatarArt platform to support art creators around the world and enable them to convert their paintings into NFTs on Binance Smart Chain, conduct transactions and auctions globally.
AvatarArt will be a diversified ecosystem for artists and creators with many artworks. Auctions will take place constantly and proactively. The company claims that its platform will conduct transactions in the most dynamic and convenient manner to promote and develop the artwork market to a new level.
The team designed AvatarArt with a user-friendly interface. Besides, they will support customers to access NFT in the fastest and simplest manner.
ByteNext also plans to establish preservation and storage centers at certain places. Furthermore, after the company finishes the paintings’ verification and stores them at centers, it will create NFT for each of them with the same values as the real ones. That will allow NFT works to keep their real values.
BYTENEXT also announced that it would auction all works online without taking them to the auction halls.
Thanks to applying Blockchain to auction transactions and transfer, authorization becomes much more straightforward. Besides, everyone in the world can join these auctions.
How does BNU token work?
The team created BNU under BEP-20 on Binance Smart Chain. They plan to convert it to the native token of the Blockchain developed by ByteNext.
Token holders can use BNU for various purposes, such as payment, advertising, authorization, staking and farming, voting.
Artists can buy placements with the token to put their works on in 3D virtual reality exhibitions. They can also use BNU as the main payment means and pay transaction fees with it on the AvatarArt platform.
Furthermore, the company will use token BNU to pay authors for their authorization rights whenever a transaction is done successfully.
Customers can also use LP tokens to do farming with NFT in pools, as well as get rewards. BNU token holders can vote and evaluate NFT works in the system.
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