DeFine empowers Sypool to launch NFTs on NFT PAD
Earlier this month, DeFine (https://define.one) released an auxiliary product, NFT PLUS. Through binding real privileges with measurable value to NFTs, NFT PLUS solves the problem of NFT assets’ subjectivity, adding additional value proposition, liquidity, and investment value that contributes to providing a wholistic value.
Privileges of NFT PLUS series include but not limited to:
- Entity Privilege: Pre-emptive right of rare resources, e.g. pre-emptive right of albums of popular artists or limited edition luxuries and so on.
- Service Privilege: Service privileges similar to those of high-end credit cards, e.g. reservation for popular concerts or games, scenic spot, popular restaurants and so on.
- Financial Privilege: Pre-emptive right of prime assets, e.g. option/future investment toward good projects.
Early August, DeFine released the first NFT PLUS collection that consisted of a 4-part series — spring, summer, autumn and winter NFT PLUS. These NFT holders are able to redeem their NFTs for set prices at a predetermined date. The Autumn series sold a total of 100 Autumn Collection on Binance NFT marketplace & DeFine platform while selling out under a minute.
DeFine will empower Sypool to launch NFTs on DeFine platform with NFT PAD.
Today, DeFine contributors are glad to announce a second collection with DeFine NFT PAD. Other than traditional token selling, NFT Pad is an innovative medium which can provide NFT assets with initial liquidity without upstart capital. NFT PLUS will assist high-quality projects release new NFT assets, connect high-quality NFT projects with NFT users with the distribution modes, circulation means and application scenarios.
DeFine will support Sypool to sell a total of 3 series of NFT assets, each series includes 82 NFTs, in total 246 NFTs in the form of mystery boxes. There are three levels for the mystery box, namely N, R, and SSR, each priced at 5 USDT (Bep-20 standard). The sale of Sypool NFT will be launched on the DeFine platform at 8:00 am (UTC) on September 1st: https://app.define.one/sypool
Users need to use a wallet that supports BSC (Metamask is recommended). After the successful purchase of the NFT, the mystery box will be automatically opened. Users can choose to keep the NFT until the redemption date or trade it on the DeFine marketplace. Each level of NFT corresponds to different rights and each NFT holder will have the right to redeem SYP tokens at the price of $0.04 in a specific period. For NFT redemption time and specific rules, please refer to the Sypool Official announcement: https://sypool-protocol.medium.com/sypool-cooperates-with-define-to-launch-nft-plus-65a9809ec45f
Disclaimer: This article only provides users with information. The above information does not constitute investment advice and shall not be used as legal, tax, investment, financial management or any other advice.
Sypool Protocol is a synthetic asset management protocol. This is another innovation that Sypool team have migrated finance from off-chain to on-chain. This idea was inspired by off-chain fund companies and packaged asset derivatives. On the one hand, Sypool tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing the scarce liquidity for the cryptocurrency market.
DeFine is the NFT social platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction, engagement and communication for creators and their fanbase with digital assets like NFTs and social/fan tokens.
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