Embark on the Tyche Journey: Reshaping the NFT World

Tyche Protocol
Tyche Protocol
Published in
6 min readSep 7, 2023

Hello everyone, dear Tychers, dear projects!

Today, we want to address this article to blockchain projects, builders and community members.

You can come from Zksync / Base / Solana / BNB chain / Ethereum / Polygon / Mantle / Cosmos or any other chain you are all welcome to read this article and by the end of your reading you will want to be part of our journey.

Tyche, with its approach, aims to give utility to NFTs, starting with our own but extending to all other NFT projects.

As we approach our TGE, we want to make our voice heard in the NFT universe by showing that everything is possible and, most importantly, that we can help you to achieve it as well.

Table of contents :

State of the NFT market :

Let’s not kid ourselves; most of today’s NFT projects involve a few months of image-building, pseudo-utility, a few months of marketing to sell well.

Once that’s done, the project founders who’ve made their money are happy, while the owner fervently hopes that his NFT can be sold at a high price for profit. (Which never happens in 99% of cases.)

Numbers speak louder than words :

From NFTGO Global Market Overview : https://nftgo.io/analytics/market-overview
From NFTGO Global Market Overview : https://nftgo.io/analytics/market-overview

It’s almost embarrassing to see the number of PFP project compare to the very small number of DeFi / Game / Utility projects.

Until now, NFT projects have often fallen short in providing true utility.

They have been:

  • Profile Picture (PFP) projects with little to no utility.
  • Projects with airdrops that give you tokens with questionable utility based on your NFT ownership.
  • Revenue sharing projects that often result in reduced fees and little actual revenue sharing.

NFTs, up until now, have not fulfilled their potential.

Yet, NFTs are fantastic tools in the project creation process. They can have numerous uses, be multichain, and offer a variety of utilities.

From NFTGO Global Market Overview : https://nftgo.io/analytics/market-overview

This needs to change.

For those who have strong convictions about our blockchain ecosystem, like us, the holders on the other hand are there, so join us, and let’s change things together.

What you can expect from TYCHE Team :

Whether you are:

- A new NFT project that doesn’t know what to create
- A project (Dex / Lending / Marketplace / LSDFi / GameFi, etc.) that wants to understand what NFTs are for and add a new dimension to your project
- An existing NFT project facing difficulties within its ecosystem or in terms of utility, or both
- A group of builders who want to launch a project and need some guidance

Tyche will provide all the necessary assistance, such as :

- Creation of ONFTs (Omnichain NFTs)
- Transformation of your existing NFTs into ONFTs
- Creation of your OFT (Omnichain token) and give it utility
- Help in adding utility to your NFTs and project brainstorming
- Contact on different blockchains and facilitating connections
- Contact with CEX and launchpads

In summary, we have all the tools to help any project get started.

Icing on the cake, every project that launches with us will receive a grant in $TYCHE tokens to distribute to its holders or future holders.

Our NFTs utilities as an example :

By focusing on your NFTs as:

  • Governance tools
  • Revenue-sharing vectors
  • Useful within your applications

You can give more utility to your token, making it more valuable.

Take our NFTs as an example:

  • They serve as governance tools.
  • A percentage of the fees from all our applications will be distributed to our holders on all chains (and not only in $TYCHE)
  • You can stake them to earn rewards from partner projects (not $TYCHE)
  • They can be used as collateral (at your own risk, of course).
  • You can also use them for lending only and earn an APR (in $TYCHE)

All of this can be done on the chains of your choice because our NFTs are Omnichain.

So, what’s left for the token, in this case? Everything else.

How we built our $TYCHE token :

The $TYCHE token becomes the financial backbone of the project.

This means that all platforms we use will require the use of $TYCHE. It’s crucial that $TYCHE becomes a token you must have in your portfolio to seize financial opportunities.

Unlike most tokens designed to create hype around a project and provide significant returns, $TYCHE is different.

$TYCHE will be a crucial token to hold because it will give you access to specific use cases that offer opportunities.

Our entire project has been designed to serve the NFT lending platform. All other applications aim to provide you with the opportunity to obtain $TYCHE, which will be valuable on the lending platform.

You can farm $TYCHE through:

  • The staking platform with your NFTs.
  • The DEX by providing liquidity (in $TYCHE, of course).
  • The lending platform by putting your NFT into lending in exchange for an APR (Annual Percentage Rate).

You can spend your $TYCHE on:

  • The marketplace, where you can buy NFTs at very low fees using $TYCHE.
  • The launchpad, where you can buy new NFTs at a low price using $TYCHE.
  • The liquidation zone, where you can buy NFTs (regardless of their rarity) at 10–20% less than the floor price (only in $TYCHE) in case of liquidation and why not sell them on the marketplace at floor price ?
  • Putting them in solo asset pools ($TYCHE) to earn additional fees from the lending platform.

The more $TYCHE you hold the more you will be able to seize financial opportunity within the NFT space.

Unlike other projects, you won’t just want the $TYCHE token for its value (Even if it could be a reason), but mainly for the opportunities it can bring you.

You see, by designing and creating a relationship between our NFTs and our token, we’ve transformed their utility to make them essential and above all more useful than ever.

And this is just a glimpse of what the $TYCHE token and our NFTs can do, wait and see when we will use it on different Layers using LayerZero.

Are you even ready to buy NFTs in liquidation zone or in our launchpad on every chain using your $TYCHE token ? You‘d better get ready for it.

Reach out to us as a project:

You are a project and you want to be part of the journey with us ?

You have to way to contact us :

  • Twitter by DM
  • Discord by opening a ticket

Join the community :

You are a community member and you want to be part of the journey with us :

--

--