Why are NFT, SCA, 2CRZ, and BYTEDEX popular? – Market Wrap
NEFTiPEDiA’s native token landed on the Hot ICO lists recently. The initial coin offering will continue until July 31, 2021. NEFTiPEDiA is a decentralized NFT for all types of marketplaces catering to creators, digital artists, and collectors. The company’s goal is to become the first truly community-run marketplace. It believes that the diversity will make it eccentric and unique, one of a kind project worldwide.
NEFTiPEDiA aims to give artists and creators a means of earning revenue through NFTs (Non-Fungible tokens). What’s more important, the users won’t have to pay massive commissions or rely on intermediaries if they choose to use NEFTiPEDiA’s marketplace.
Blockchain technology offers many advantages and endless possibilities. The world is already moving towards adopting blockchain and NFTs as a medium of trading. Among the benefits that this technology offers are faster processing, lowers fees, instant verifications, and security. NEFTiPEDiA plans to create a healthy ecosystem for sellers and buyers of art and other creative digital assets.
What is the NFT token, and how can users get it?
The company created NFT as its native utility token. The token’s supply is fixed, and it amounts to 750,000,000 million NFTs. NEFTiPEDiA wants to govern the ecosystem of its entire platform with the help of this token. The company will mint the tokens over the following five years.
NEFTiPEDiA aims to create a decentralized marketplace that is totally independent and owned only by its community. It will also make it easier for artists to sell their validated and authentic art linked with NFTs. Furthermore, when a buyer purchases an art NFT from this marketplace, they will get an exclusive license to the original art along with the proof of authenticity.
After all, NFT tokens are a great choice of investment in the longer term, considering that they are unique and have the potential to increase their value faster than traditional asset classes.
Besides, this company has great ambition. It plans to add its marketplace not only digital art but also everyday objects, such as vehicles, fashion items, property, etc. However, to build a reliable and enduring governance model, NEFTiPEDiA will use a two-phased plan.
The provisional model will operate until the network hits 10M members. This model will resemble “off-chain” governance models. NEFTiPEDiA team will also play an important role in guiding the development of the protocol. The team will work with the community to get feedback, as well as implement new features on the marketplace.
The Scaleswap ICO begins today. What does this platform offer?
Scaleswap is launching its native token’s ICO today. This next-generation IDO launchpad is using the power of Ethereum Layer 2 scaling (powered by Polygon). It aims to set a new standard in DeFi, making excessive gas fees a thing of the past. Besides, the company plans to govern its ecosystem through a comprehensive scoring system (ScaleSCORE). The latter rewards user loyalty and participation in six different dimensions. Thus, it is an excellent incentive.
The SCA token is crucial for building the central element of Scaleswap’s ecosystem. Token holders can obtain a high ScaleSCORE and get access to more features unlocked at certain token thresholds. The team aims to utilize the SCA token to incentivize vital growth within the community further.
Moreover, the platform’s economy is 100% token centric. It will easily support and incentivize liquidity provision. The users will have to pay fees with Scaleswap’s native token, though. The company aims to burn the vast majority of SCA’s immediately.
The SCA token’s ICO price is $0.350000. The company will trade 2% of the total supply during the initial coin offering. Its goal is to raise $175,000. Scaleswap is accepting ETH in exchange for SCA tokens.
Why should investors choose this platform?
Scaleswap combines the latest DeFi functionality with the institutional-grade security and most advanced ETH layer 2 scaling technology and state-of-the-art user interface and decentralized insurance of funds.
As a result, its users don’t need to worry about excessive fees or long processing times. They will be able to invest in new pools effortlessly. Furthermore, the company will implement new and unique features with its V2 platform. According to ScaleSCORE, among these features will be a fully customizable autopilot pool participation functionality, along with an instant mass-airdrop tool and innovative swap service offerings.
The company’s proprietary ScaleSCORE dignifies the loyalty of its token holders, who will also benefit from guaranteed pool participation, potential airdrops, and advanced autopilot feature. In addition, SCA token owners will be able to build the governance organization in the ScaleDAO.
The 2crazyNFT ICO will end soon. Is this token worth grabbing?
2crazyNFT is a decentralized eSports NFT platform, which enables its customers to play their favorite game against their favorite player. While some NFTs give users nothing except digital bragging rights, owning a 2CRZ token will provide investors with true advantages.
According to the company, participants in the 2Crazy ecosystem will be able to benefit from trading NFTs, giveaways, and unique NFT drops, along with having potentially the coolest experience of their life. The platform has already gained the support of various major players in the global tech industries and blockchain.
The company launched its native token’s ICO on June 23, 2021, and the sale will end later on June 25, 2021. A total of 2,500,000 2CRZ are available during the initial coin offering. The price is $0.040000 per token. 2crazyNFT aims to raise $100,000 by trading its tokens, and it is accepting USDT, BNB, and ETH in exchange for 2CRZ.
Meanwhile, BYTEDEX’s token got high-ranking
ByteDex began its native token’s ICO on June 1, 2021. The company is selling ByteDex tokens for 0.03 USDT, and a total of 500,000,000 ByteDex (50%) are available during the initial coin offering.
ByteDex is a decentralized exchange platform. It has central management based mainly on a double-tier blockchain structure. The company develops its own blockchain system in partnership with abroad.
It can reach a very high transaction capacity, performing transactions within 1 to 3 seconds due to its double-tier blockchain structure.
Furthermore, the platform works on a blockchain structure that functions with its own consensus algorithm. The latter is built on 12 super nodes existing in every continent.
As a result, BYTEDEX coin production (exchange mining) will also be possible everywhere worldwide. Besides, the small-formed nodes will further strengthen the ByteDex ecosystem.
The company’s upper layer blockchain enables the ByteDex exchange and transactions within the ecosystem to be processed and recorded quickly. There is also the under tier, the Mainnet, that allows this ecosystem to record other blockchains, as well as transactions that go out of the ecosystem or enter the ecosystem.
However, the mainnet doesn’t include transactions made in the upper-tier blockchain. Still, when the user leaves the ByteDex ecosystem or enters the ecosystem, the platform processes the last state of the upper-tier transactions into the lower-tier blockchain.
What about ByteDex’s features?
The platform offers various interesting features. For instance, it matches the market maker and the market buyer in seconds. Moreover, it connects to the major exchanges of the crypto world via APIs with the Smart Route Order systems and even connects the liquid pool of these exchanges to its own pool. As a result, ByteDex offers all the convenience provided by various central exchanges.
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