NFTART FİNANCE #NFTART WHAT IS IT
This cryptocurrency is a new token that uses Binance Smart Chain to run its code. Essentially, NFT Art Finance wants to create a marketplace where artists can mint and sell non-fungible tokens (NFTs). However, no company has yet launched a concrete product, and there are many alternatives already being developed. from blockchain Ethereum.
The token is described as “hyper-deflationary”. However, hyper-deflation seems to be a buzzword the company is using to divert attention from how the tokenomy resembles a pyramid scheme. When you want to sell your NFTART tokens, you pay a 10% fee: half is burned and the other half is distributed to NFTART token holders.
NFT Finance Token Platform Features Ownership of the contract was relinquished on the first day. This means the code cannot be changed by anyone.
deflationary: NFTART has a built-in 10% transaction tax, where 5% is burned and 5% goes back to owners.
Benefit: NFTART token fuels entry platform. It is the standard currency used to create, claim, buy and sell NFTs.
passive income: With 5% built-in redistribution on every transaction, user funds will gradually increase as you hold our token.
Audited and Insured: The smart contract has passed full code audit by TechRate.
Low transaction fees: Binance Smart Chain's low transaction fees make the creation and trading of NFTs affordable for everyone.
This mechanism allows them to earn through their work for the rest of their lives. You don't see an asset with any tangible artwork and a pacemaker for digital artwork.
Token Economics: Another unique selling point of the NFTART deflationary token is its built-in hyper-deflationary engine. Essentially, the developers started by burning 50% of the token.