– SwapAll’s NFT Deployment
The Unstoppable NFT
In the past half year of 2021, NFT has been increasingly discussed on a global scale. Whether it is a blockchain project or a blockchain user, we believe that NFT will play a more significant role in the future crypto world. NFT is the tokenized version of non-fungible assets such as artworks, real estate, or collectibles. Non-fungible assets are irreplaceable, they have independent features, which make them unique and valuable.
Blockchain users have seen countless news about NFTs, from the sky-high price sold of CryptoPunk avatars, to the announcement of Louis Vuitton’s plan to make each product an NFT, so as to achieve product traceability and identification. With the gradual expansion of the value consensus and application scenarios of the NFT concept, it has become a new racetrack after DeFi, providing intangible social and financial value to the entire world.
The SwapAll team has been observing the trend of the crypto industry. From meme tokens to famous NFT protocols, every market phenomenon was thoroughly researched and analyzed. SwapAll is committed to being at the forefront of blockchain innovation and serving all its users. While bringing up users a trend-leading platform experience, they also bring up investment stability and safety.
SwapAll’s Overall Deployment
Before the NFT trend started, SwapAll had in fact taken the lead in initiating the development, deployment, and trading of NFTs. It perfectly integrated DeFi and NFT, created a fragmented NFT, and introduced a creative tax mechanism.
Currently, SwapAll’s NFT includes two types: the Bronze Elephant NFT and the Silver Elephant NFT, and the Gold Elephant NFT will also be launched soon. Each Elephant NFT is issued in limited quantities, and each Elephant NFT has a unique identification number. Gold, Silver, and Bronze NFT also symbolize different functions:
Users with Bronze Elephant NFT will be able to participate in the airdrop mining pool with earning acceleration, platform transaction fee discounts, identical-number acceleration benefits, etc. The NFT can be traded with other users. When the Bronze Elephant function was officially launched in November 2020, the issued 10,000 Bronze Elephant NFTs were sold out within 30 minutes, successfully detonating the crypto NFT market.
Following the excellent results of the launch of Bronze Elephant NFT, less than 12 hours after the first launch of Silver Elephant NFT in December 2020, the total amount of funds exceeded 10 million USD, which once again proved the forward-looking vision of the SwapAll ecosystem.
The Silver Elephant NFT is divided into three forms: Silver Ore, Silver Elephant, and Silver Coin. Silver Elephant NFT has built a perfect closed-loop ecosystem through unique NFT forging, melting, synthesis, recasting, and NFT taxation. The user forges a new Silver Elephant NFT from Silver Ores and becomes the initial tax owner. Then the user will enjoy any tax generated by this NFT in the future due to its melting or synthesis.
Golden Elephant NFT is Ready-to-go
With people’s increasing recognition and increasing attention to NFTs, more and more big brands, large investors and venture capital companies have begun to pay attention to NFTs and have entered the market one after another. Independent blockchain game developers have also begun to attract the attention of the market because their product life cycle is long, and they can provide changeable tokenomics models. The new governance tokens in the NFT field have also aroused people’s interest. Just like DeFi, users are also looking forward to finding more exciting new ways to integrate NFT and DeFi in the future.
SwapAll also deeply understands the trend of the crypto market and the needs of users. The team members are still making preparations for the launch of the Golden Elephant NFT, and strive to bring users the most abundant playability and economic benefits of Golden Elephant NFT in the current market.
The road to NFTs is not always smooth. NFTs may face regulatory obstacles and may be replaced by newer concepts, but in any case, the crypto world is still very young and needs to grow as more projects and protocols are born. SwapAll hopes that through its efforts in the NFT world, it will contribute to the entire world of cryptocurrency, drive the development of the blockchain industry, and bring safe and practical benefits to users.