What is NFT (NFT)?
NFT is a utility token of the NFT.org DEX. The latter is powered by the NFT Protocol, which is designed as a decentralized protocol to establish liquidity for non-fungible tokens (NFTs). NFT.org was originally developed by Blockparty.
If you care to see the current NFT price, make sure to check out the NFT price chart above.
So, in essence, NFT.org is a decentralized exchange made for NFTs. Though, do note that it is made only for Ethereum- and Polygon-based NFTs. The token standards supported by the exchange include ERC-20, ERC-1155, and ERC-721. There are no limitations on the swapping of supported assets.
Talking about fees, it simply depends on the amount of NFTs you hold. If you have over 10,000 NFTs, you'll get a 10% fee discount. However, if you have 100,000 NFTs, you'll have zero fees.
What Makes NFT Coin Unique?
NFT coin is used for covering protocol fees, staking, and participating in governance. As a governance token, the NFT coin provides its holders with a say in making further development decisions regarding the project, as well as deciding on the distribution and allocation of the NFT crypto revenue.
Talking about staking, NFT tokens are staked using a time-lock mechanism. By staking, users receive veNFT tokens, which are the tokens that provide them with voting rights. So, if you want to participate in governance, you'll have to participate in staking as well.
Don't forget to track the NFT price on the NFT price chart above.
Tokenomics of NFT
There is a max supply of 88,888,888 NFT coins. To see how many NFT tokens are in circulation at the moment, take a look above.
