StartFi is launching IDO. What does this platform offer?
StartFi launched its IDO on the Kickpad platform today. The team has built this Web3 based Multi-Channel Network specifically for NFT Creators. Users can Mint NFTs through StartFi Network and create unique digital assets (series of blogs, videos, music, digital art, albums, etc.). Creators can also empower communities and share rewards.
Meanwhile, fans can support NFT creators on the platform through upvote designs, raising funds, holding or participating in fan conventions, promoting the artist, and other creative activities. Fans will also receive rewards in exchange, along with revenue shares and exclusive digital assets as associated token holders.
StartFi planned various activities to support the NFT ecosystem, including the initial NFT offering, monetization/sales, digital rights management, production, audience matching, cross-promotion, rewards distribution, partner management, etc. It also offers more advanced options, such as time locks, DAO options, milestone unlocks, private pools, and cross-chain swapping.
According to the company, they will provide a new way for the users to scan their metamask wallet and get a first impression of their specific interest in NFTs. Creators will be able to use tags to identify their profiles and attract matching fans. Besides, StartFi will allocate approximately 20% STFI to the ecosystem contributors as rewards.
What is STFI, and how does it work?
$STFI is the platform’s native utility token. Its holders will gain various rewards from pools distribution revenue, as well as NFT Transaction Fees.
According to StartFi, all platform transactions and fees will solely utilize the $STFI token. Fans owning the $STFI token will be able to add new features, participate in voting for new proposals, and support creators on the platform.
Furthermore, StartFi will provide several types of staking pools as per tiers in the near future. It will also allow Token holders to participate in the various aspects of the governance of the project. Creators will also have the opportunity to raise funds by selling NFTs for their products.
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