NFT Art Index Liquidity Mining
Own value-backed NFT assets that earn fees and now provide DeFi rewards!
The fact is that although our title is full of buzzwords and borderline click-bait, it is actually the real deal! Yup, you can now mine NFT shards that are backed by an incredible NFT art portfolio!
As we continue to innovate and create, we decided to amp it up by offering 10% of the total fractionalized art portfolio as rewards to our most loyal supporters.
We will distribute 10,000 shards over a 10-week period to all Liquidity Providers. That is a whopping 1,000 shards per week, which is 10% of the entire value of the portfolio!
If you don’t already own ONEz shards, you can start to participate on Niftex where you can buy and sell shards (fractionalized pieces of the entire bundle, each shard represents 1/100,000th of the underlying portfolio value). This means that every shard you own represents a percentage of the total value of all the underlying assets and gives you exposure to the only NFT art index.
We are doing this to reward our most loyal and engaged supporters. To earn shards in addition to the exchange fees generated by being a Liquidity Provider, you simply need to ensure that your ETH and ONEz tokens are untouched for at least an entire qualifying period.
Users will receive their pro-rata ONEz shards directly in their ETH addresses within 24hrs of successfully providing liquidity during a full qualifying period.
We also want to ensure the best treatment for our most loyal fans, and so we have decided to distribute additional bonuses to anyone who provides liquidity for the entire 10-week cycle starting this Friday, October 23 and ending December 31st.
We are constantly striving to bring new products to our growing NFT user base. Part of our mission is to educate users about NFTs. And we are aware that this may seem a little complicated so we will be providing more information over the coming days ahead of our launch.
We explained in a previous article how and why you may want to become a liquidity provider as well as a couple of important caveats you must be aware of. Click here for a refresher.
Please join our Discord Channel to answer all your questions and keep an eye out on our Twitter where we will release a video explainer this week.
About GrowYourBase (GYB) Our mission is to make NFTs easily accessible to All. GYB is the best place to earn, learn about and build an NFT portfolio. Previous knowledge and digital wallet experience are unnecessary to start building your NFT portfolio.
GYB continues to pioneer the NFT space with our GYB Creators Residency Program, the GYB Nifty Society Membership Program and the GYB NFTz Bundles.
This information is for general informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific investment product. It is only intended to provide NFT education.
