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.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
13.46K
Followers: 13,461
0.09%
Following
208
0.00%
Posts count
480
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official NFT (NFT) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
1.21K
Members: 1,212
0.25%
Title
NFT Protocol/Blockparty
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
29 / 100
3.33%
Ahrefs Rank
3,804,455
5.19%
Organic Traffic (mo.)
4
20.00%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
3
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official NFT (NFT) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
NFT hot topics
Currently, official NFT Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@nft_protocol posts