Legion Network Token is hot. What about YFNFT? – Market Wrap
Legion Network is the first super blockchain ecosystem around the world that combines the industry’s best services in one Mobile Super App. It offers users various services, starting from Crypto wallets to NFTs, marketplaces, gaming, and software. LGX powers this ecosystem.
The company plans to launch the token’s ICO on January 17, 2022. The sale will end on January 18, 2021. 4,666,666 LGX will be available for purchase during the initial coin offering for the price of $0.075000. Investors will be able to buy LGX on the Lithium Venutres platform. However, the Legion Network’s team will trade only 0.33% of the total supply. It aims to raise $350,000 with the sale and accepts USDT in exchange for its native utility token.
This network empowers creators, entrepreneurs, and influencers in the NFT world. It develops a blockchain-based ecosystem. The latter will connect users and help them unleash their potential by using cutting-edge technologies. Presently, only a minuscule percentage of individual creators are able to earn from NFTs. Among the gainers are mostly speculators, private collectors, and Decentralized Autonomous Organizations (DAO). But the Defi field is wide open, and it has tremendous scope.
The company plans to introduce NFT buyers’ new categories into the Global NFT Economics. Among its users will be large and renowned corporate brands, influencers, celebrities, and game developers. They will collaborate and engage with their audiences to generate art, as well as boost their popularity. Furthermore, game developers will be able to crowdsource their design concepts and create unique weapons and skins for their players. As a result, all these developers will benefit from NFT technology. They will also work without fearing anyone stealing their ideas or creations.
How can investors use LGX tokens?
There are several use cases for the LGX. For example, token holders can use it for staking for ecosystem rewards or qualifying for NFT drops. The company will also reward gamers on Legion Arcadia and members of Empower Academy (Blockchain Education) with its tokens. Besides, users will have access to Saas software if they own LGX.
The company designed the Legion Network ecosystem so that users can explore the endless possibilities of NFTs, gaming, business tools, and rewards. The network consists of Arcadia – gameFi Play to Earn platform; Bluemoon – the first collaborative NFT marketplace worldwide; Bizpad – access to business applications by staking LGX; and rewards – users must complete tasks in order to earn NFT’s, crypto, and other prizes.
The team aims to make the NFT world a better place. To achieve that, it will develop a blockchain-based ecosystem that leverages its technology to brands, influencers, content creators, and entrepreneurs while aiding them to take their creative potential to the next level.
The company launched Legion Network in May 2021. It minted 1 billion LGX tokens (the total supply) on the Binance Smart Chain in September 2021.
Athar Ahmed founded Legion Network initially. He has extensive experience in blockchain applications, as well as software development companies. Athar’s main goal is to simplify the blockchain industry. He wants to allow people from all around the world to take part in the Defi world’s revolutionary concept.
YearnNFT also offers its trending token
YearnNFT is an NFT Marketplace. The company behind the platform created it to offer Defi users new opportunities. The team members come from world-renowned auction houses that are active in the NFT industry. Thus, they have rich experience in both traditional and digital arts. The company aims to discover NFT artists around the world to empower its platform and fuel its rise in the crypto art world.
Registering artworks as NFTs ushers creators in a new era where traditional artworks unite with crypto technology. The team wants artworks to be accessible for all, and it believes that Defi offers the way to achieve that. The project envisions bringing NFT to every user.
The team launched its native token’s ICO on November 19, 2021. The sale will end on January 5, 2021. YFNFT is already very popular. It’s trading for 0.125 BNB per token. The total supply is 73339 coins.
Users usually sort blockchain tokens into two distinct types of assets: fungible and non-fungible. The first type of token is identical and easily replaceable by another identical token. In fact, they are mutually interchangeable. Besides, fungible tokens can represent anything from cryptos like Bitcoin to tokenized versions of real-world assets like gold or crude oil.
On the other hand, non-fungible tokens (also called NFTs) are unique and not directly interchangeable. They represent a digital art piece that the user created, a character in a game, an ownership certificate of a car, etc.
What are NFTs’ advantages?
NFTs are capable of tokenizing and capturing the ownership of a digital asset. Furthermore, users can freely exchange their tokens on open markets. The NFT assets, such as ownership protection, strong data assurance, evidence-based uniqueness, and counterfeit immunity, are extremely powerful in removing many of the risk friction costs. Thus, NFTs are paving the way for access to markets, as well as opening up previously locked and illiquid capital.
YearnNFT Marketplace aims to achieve that last point. The team believes that blockchain and its application to NFT technology could significantly change the landscape of 2 ownership, as well as digital rights in esoteric ways. They will unlock the new potential markets and value while making the existing markets more competitive and productive. Besides, NFTs will give individuals full ownership of their digital assets. YearnNFT Marketplace plans to promote this technology to mainstream audiences. It will give everyone the ability to invest in NFT ownership and expand a vibrant ecosystem.
The team designed the YearnNFT Framework so that it will optimize the benefit of digital asset ownership and trading. The company’s core technologies depend strictly on the blockchain and automated smart contracts.
Moreover, the YearnNFT uses the Binance blockchain and protocol. Thus, it will share the security advantages of the entire Binance network while avoiding a consensus attack. The team noted that there would be some fees for NFT creation and listing, trade execution, and NFT auctions. There are also network fees for YFNFT transfers. However, the token holders will be able to gain money, as well.
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