The NFT metaverse is coming, and to prepare, we would like to answer some of the frequently asked questions on our testing phases & the upcoming launch.
We understand that there have been a number of concerns within our community on the dual launch progress and dates, as well as additional questions. It’s time to clear the air and address the most common concerns amongst the NFT Tech community. Let’s jump right in 🤸♀️
1. Will $NFTT have a use case other than being a governance token?
It will primarily be a governance token to influence the future decisions of the NFT Tech platform. Additionally, token holders that are staking $NFTT will be able to buy NFT items which are available exclusively for those staking (hence, not for all users), or purchase NFTs at a discounted price.
The $NFTT Token enables users to participate in special NFT airdrops, there will be an exclusive selection of drops only available to $NFTT Stakers. Further the $NFTT token use case will be extended by the growth of the platform, starting with very straightforward use cases mentioned above.
2. Are there any changes with the Tokenomics considering the delay of the token launch?
There are no changes planned to the Tokenomics. At present, we are very aware of the current market conditions alongside development— hence, we will proceed with caution as we want the Dual Launch to be an exceptionally successful event to happen.
3. Will token holders have perks within the platform (Utility token)?
Token holders will have governance over the platform which will determine the future of the NFT Tech Marketplace and platform overall. Furthermore, $NFTT owners will receive rewards once they begin providing liquidity via staking their $NFTT. Hence, $NFTT token holders can stake their tokens on the customized NFT Tech staking platform on the get-go.
4. What is the current roadmap of NFT Tech?
You can find the previous roadmap at the bottom of the https://nft.tech/ page, but we will have a revised version shared soon, considering all factors at play, so stay tuned!
5. How does lending with NFTs as collateral work within the platform?
Lenders can buy NFT items which are available exclusively for users who stake $NFTT and not for all users. Besides, users of the NFT Tech platform who lend $NFTT tokens receive rewards proportional to their staked amount.
6. Are there plans for listing elsewhere other than Uniswap? And are there plans for an IDO other than DuckSTARTER?
We have several options at our fingertips. A firm decision is being made as we position ourselves closer towards the IDO phase, with a chosen launchpad while keeping users’ interest at the core. Furthermore, integration will be available with the Binance Smart Chain, allowing $NFTT to also be traded on PancakeSwap.
7. How long will it take for the testing?
The current ETA is less than 2 weeks from the publishing of this article.
8. When is the IDO?
The IDO will occur once two factors are aligned.
- Firstly, when the platform is ready to be launched at a moment’s notice.
- Secondly, when market conditions are most favourable.
9. Can I place my music and vlogs in NFT Tech?
Certainly! Any type of content, including images, music, and videos will be supported by the NFT Tech ecosystem.
10. What happens during the testing stages?
QA, testing, community feedback, and recurring improvements so that upon launch the platform is flawless as can be. Currently we are working on the search function implementation while staking $NFTT.
11. What features do you have aside from a smart liquidity engine?
- NFT Evaluation system, based on price history, artist popularity, and other data provided by our oracle
- The ability to set up virtual galleries and view NFTs in virtual reality
- Instant, one-click NFT creation at zero charge
- The ability to trade NFTs cross-chain between the NFT Tech Superchain and other blockchains like Ethereum
- LP directly after listing
- Hedging digital art collection for lending purposes, and more.
12. Do I have to pay if I will hold a virtual gallery?
No payment is needed to hold a virtual gallery — anyone will be able to view, and purchase your NFTs, if you so desire.
13. Where are my NFT Tech coins that I have bought from the private sale?
Your private sale $NFTT tokens will be sent following the TGE, based on the rules provided by your private sale manager.
14. Is the staking program going live along with the dual launch?
Precisely. We want to ensure all stakeholders are safe from any misaligned parties. Hence, after Dual Launch, we will immediately have Staking available (LP) on the NFT Tech Marketplace with attractive rates.
15. Where do the rewards of Market Makers come from?
Via the fees accrued from trading.
16. What is the possible APY for the staking program?
Information on the APY for liquidity provisioning and staking incentives will be provided once the programs are announced, so do stay tuned!
We are very excited to be getting closer to final launch of the NFT Tech ecosystem, and appreciate all questions and feedback so far! Any further questions are welcomed in the NFT Tech Telegram chat.
We look forward to seeing artists and collectors worldwide leveraging NFT Tech’s many services to build a more inclusive, entertaining, and experience-centred NFT marketplace.
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