What currency is NFTBOX? NFTBOX coin is a cryptocurrency issued based on blockchain technology. It is the official token of the NFTBOX platform. NFTBOX is a platform focusing on the field of NFT (non-fungible tokens) and is committed to providing a safe, transparent and convenient trading and display platform for creators and collectors. Users holding NFTBOX coins can buy, sell and trade various NFT artworks and digital assets on the platform. In addition, NFTBOX will regularly hold various activities and competitions, and users who hold NFTBOX coins can also participate and receive generous rewards. Overall, NFTBOX coin is a digital asset with potential, providing users with opportunities and benefits to participate in the NFT market.
NFTBOX coin is a DeFi token that solves a big problem in the emerging DeFi industry: high APY LP farms make it difficult for newbies to enter the field. In NFTBOX, they have adopted the concept of static rewards, where rewards depend on the number of tokens traded, thus eliminating the stress that may come with token sales. This innovation provides newcomers with the opportunity to more easily enter and participate in the DeFi field.
Their "reflective mechanism" also increases the incentive for NFTBOX holders to hold the token or HODL longer. In addition, NFTBOX Automatic LP also increases the stability of the protocol by providing a price floor/buffer for token holders. According to their white paper, the NFTBOX manual burning strategy can also support NFTBOX token holders in the long term.
With a total supply of 100,000,000,000,000,000,99,000,000,000,000,000 burnt development tokens and a fair launch supply of 1,000,000,000,000,000, the NFTBOX protocol works as follows: on every transaction, the transaction is charged a 6% fee, with the fee halved. While 3% of the fees were redistributed to all token holders at the time, the other 3% was again split in half, with 50% sold to BNB through the contract and the remaining 50% automatically paired with said BNB and added as a liquidity pair to PancakeSwap.
NFT Box Sales is a Box Sales program that helps Parallese own The Parallel’s first Runes and get a head start on building the Metaverse.
NFBOX white paper has the following plans for the security of its protocol: First, developers will destroy all tokens in the Dev Wallet before going online to ensure a fair listing of Pancake. Secondly, they will lock LPs (liquidity providers) on UniCrypt for one year to increase the security of the protocol. In addition, each transaction will generate an LP and be locked on PancakeSwap to further ensure the security of the transaction. As of May 2021, you can buy NFTBOX tokens on PancakeSwap. These security measures will ensure that users' funds and transaction information are fully protected.
NFT Box is one of the world’s first NFT trading platforms that centralizes collectibles, music, art and game assets. The platform consists of two parts, one is a groundbreaking zero-threshold creation platform, and the other is an auction trading platform. Creators can get token evaluations on the platform and have the opportunity to be listed on the main Gate.io exchange. NFT Box can be accessed through the main exchange Gate.io, which offers unique coins and tokens, as well as the dedicated crypto wallet Wallet.io.
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