NFTFN, the latest project aiming to completely transform the NFT market, is being endorsed as the biggest presale of 2024 by industry leaders and crypto influencers. This buzz is being driven by the project’s promise to solve the long-lasting issues of accessibility and investment barriers for NFTS. Why NFTFN Matters? NFTFN introduces an innovative solution in the expanding market of Non-Fungible Tokens (NFTs), addressing several challenges that potential investors and traders face. NFTFN’s primary offering is SuperNova (SNV), a financial product that utilizes an order-book-based decentralized exchange (DEX) for NFT perpetual futures. This platform allows traders to speculate on the floor price of premium NFTs, offering exposure to coveted collections like
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NFTFN, the latest project aiming to completely transform the NFT market, is being endorsed as the biggest presale of 2024 by industry leaders and crypto influencers. This buzz is being driven by the project’s promise to solve the long-lasting issues of accessibility and investment barriers for NFTS.
Why NFTFN Matters?
NFTFN introduces an innovative solution in the expanding market of Non-Fungible Tokens (NFTs), addressing several challenges that potential investors and traders face. NFTFN’s primary offering is SuperNova (SNV), a financial product that utilizes an order-book-based decentralized exchange (DEX) for NFT perpetual futures. This platform allows traders to speculate on the floor price of premium NFTs, offering exposure to coveted collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX without the need to manage individual NFTs.
How Will NFTFN Change the NFT Market?
Key issues addressed by NFTFN include the high entry barriers that exclude average investors from accessing Blue-Chip NFTs, the complex and often daunting buying and selling process, and the lack of liquidity and risk management tools in the NFT market. These factors have previously locked out many from the NFT trading space, creating a need for a more inclusive solution.
SuperNova (SNV) aims to lower these barriers by providing an NFT floor-price index, which allows investors to hedge their positions on various Blue-Chip NFT collections. This service spreads risk across multiple NFTs, reducing the impact of volatility on any single NFT, and improving liquidity in the NFT ecosystem.
Core Features
NFTFN’s platform offers a transparent order-book exchange with slippage-free trading, multi-token margin support, and up to 10X leverage. These features provide a fair and efficient trading experience and enhance the potential for higher returns on investment. Additionally, by allowing investment in top NFT collections at a more accessible price point, NFTFN lowers the entry threshold, democratizing the market.
The selection of NFTs for the SuperNova index involves a rigorous process. It includes data collection from OpenSea APIs, filtering based on total trading volume, unique ownership, verification status, time of existence, and 30-day traded volume. A third-party data vendor, BitsCrunch, further ensures the quality of the selected projects using advanced analytics.
The technical workings of NFTFN include funding payments to align the market price with the index price, liquidation mechanics to manage risk, and margin specifications that include margin ratio, buying power, margin usage, mark price, account value, and health factor.
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The Tokenomics and Roadmap
NFTFN’s future developments include the implementation of cross-margin support, on-chain order matching to achieve full decentralization, the introduction of multiple indexes tailored to different risk profiles, and exploring the integration of real-world assets (RWAs) into its offerings.
The project’s tokenomics reveal a total supply of 1 billion $NFTFN tokens with a distribution strategy aimed at supporting the ecosystem’s growth. The initial private sale price is set at $0.02 per token, with the public sale starting at $0.025.
NFTFN has garnered the support of an array of backers and investors, including well-known entities such as Google (Cloud Partner), OpenSea, BitsCrunch, NFT Bank (Pricing Partners), WOW Earn (Wallets), Goblin Town (NFT Community), Binance Smart Chain, and Polygon (Blockchain Partners). Additionally, investment partners include Alpha Wave Global, Polygon, Chingari, and others, highlighting the project’s credibility and industry support.
About NFTFN
NFTFN is the go-to platform for perpetual trading of diverse assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With a minimum investment of just $10, users can easily take long or short positions on their chosen asset class, catering to traders of all levels.
For more visit:
Website: www.nftfn.xyz
Telegram: t.me/nftfnofficial
Twitter: twitter.com/nftfnofficial
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