NFTrade Partners With LaunchX to Create Comprehensive NFT Farms for All $LNCHX Projects
NFTrade is announcing a multi-faceted partnership with LaunchX, introducing collaborative aspects that will aid in the growth of both of our respective communities. With this partnership, LaunchX users will be able to stake $LNCHX on a dedicated LaunchX NFT farm to generate added token utility. Additionally, LaunchX will supply NFTrade with future NFT-based deal flow for new projects that host IDOs on LaunchX. This means that all ensuing LaunchX project partners will be able to seamlessly set up a dedicated NFT farm for their community.
NFT Farming
Through a LaunchX NFT farm, $LNCHX token holders will be able to earn exclusive NFTs that are unavailable anywhere else. These unique tokens can be purely artistic and collectible, or can provide additional features to token holders; it is up to the LaunchX community to decide what to offer. As a community-governed platform, we will hold an AMA within the LaunchX community channel so the community can determine the best ways to move forward. This will involve community-based NFT designs for all farmable $LNCHX NFTs, as well as a vote to potentially hold a NFTrade Pre-IDO through LaunchX.
There are also other ways we will work together to produce added value, such as future deal flow. As an up-and-coming multi-chain launchpad, LaunchX will be able to introduce us to high-potential projects that can utilize our NFT farm, NFT launchpad, and marketplace to bring more utility to end users and native tokens. Introducing additional token staking mechanisms also brings value to project teams, as a greater quantity of tokens are locked up and off the trading market. We are excited to work together with LaunchX and their growing community as they move towards their goal of $1 billion in total value locked (TVL) within their programs.
About NFTrade
NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
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About LaunchX
LaunchX is a decentralized multi-chain IDO launchpad platform, allowing for its community of users to get access to allocations in newly launched projects at the ground floor. Currently available with both Ethereum and Binance Smart Chain-based tokens, LaunchX drives the next generation of projects to launch in a fair and decentralized manner across multiple chains.
