Have you ever heard about nftb coin and what it stands for? Are you one of the crypto enthusiasts who want to discover all the possibilities and earning potential of these non-fungible tokens? If this particular case is your case, too, then it is time to learn more about what the NFTb coin represents.
It is evident that NFT, in general, has skyrocketed in demand in the last two and a half years. An increasing number of enthusiastic individuals from the crypto world, as well as complete beginners, are starting to consider investing in NFT. These are profitable tokens whose demand and value will grow even more in the future for several reasons.
However, now something completely new has appeared on the market. We are talking about the NFTb coin and NFTb crypto, in general, about which we will give you all the necessary information in the following text.
What exactly is NFTb?
NFTb represents a forward-thinking marketplace for NFTs, i.e., non-fungible tokens. The NFTb marketplace is built on the Binance Smart Chain, focusing on affordability and speed. It is a community-owned, open-source marketplace that enables users from all over the world to join the platform and also trade, create, and sell digital art for more affordable prices than in other places.
The marketplace will also launch on other Blockchains in the near future. Each piece of art created on NFTb is authentic and minted on the Binance Smart Chain, in addition to files related to the Non-Fungible Token stored on the IPFS.
IPFS – definition, and explanation
The IPFS is short for the InterPlanetary File System, a distributed file storage system. The system is created to be an open-source project that will enable anyone to store their files on a decentralized hosting framework.
It all ensures the durability and longevity of the files since there isn’t any central point of vulnerability. Besides a secure, decentralized file storage system, the team at NFTb verifies something else.
Verification of all artists on the platform
The team at NFTb is responsible for verifying all artists on the platform, which maintains high-quality digital artwork. Every creator gets to receive income splits and royalty for the future sales of their digital artwork.
NFTB coin – get to know all the essentials
The NFTb coin, or NFTb token, refers to a native currency of the NFTb platform. It is mostly used for staking the platform’s governance and settling platform fees. This token is built to reward all of the creators and users of their platform.
The $NFTb token, or the NFTb coin as you prefer, is burned at $ 1,300,000 every month.
When did the NFTb coin become tradable?
NFTb coin was first introduced and tradable on the 3rd of May in 2021, with a total supply of 999,800,000. At the moment of writing, the NFTb coin market capitalization is $34,167,080.86.
Regarding the NFTb price, its current price is $0.0342. It is ranked 1077 on Coinmarketcap, has recently surged 29.89%, and has been listed on several different crypto exchanges. However, don’t forget to check this information occasionally because they are prone to change.
Unlike numerous other main cryptocurrencies, the NFTb coin cannot be directly purchased with fiat money.
How many NFTb coins are in circulation?
The total supply of NFTb is 1 billion tokens. Out of these billion tokens, there will be 120 million locked for one year for the team. Every three months after that year, 25% of these tokens will be unlocked for funding various projects.
In protocol rewards, 450 million tokens will be released over seven years. The strategic contributors of the NFTb platform will get 20.5% of the total supply, while the foundation will receive another 12.5%.
Don’t forget that NFTb has also launched an IDO (Initial Dex Offering) sale where 10% of the total token supply was distributed.
Where and how to get your NFTb coin?
If you are considering getting your NFTb coin, you should remember that NFTb is available for trading on markets such as Gate.io, KuCoin, and PancakeSwap. However, you cannot buy NFTb coins directly for fiat money. The contract address of the NFTb coin is 0xde3dbbe30cfa9f437b293294d1fd64b26045c71a.
Coins can be obtained by buying BNB on fiat currency exchangers for crypto and, afterward, transferring it to the exchange where the NFTb coin is present. To buy the NFTb coin, PancakeSwap or Gate.io, you need to follow the essential steps from the following guide.
A simple guide on buying an NFTb coin
- Buy Ethereum from any fiat-to-crypto exchanges
- Transfer Ethereum to the exchange that offers to trade it
- Deposit ETH to exchange
- Trade NFTb coin
How to buy an NFTb coin according to Coinbase?
If you are interested in buying your NFTb coin, according to Coinbase, here is what you are required to do:
- Check CoinMarketCap to get a clear picture of where you can purchase your NFTb coin and which currencies exactly.
- Choose the right platform for making your purchase.
- Purchase the NFTb token on your chosen platform.
For what will NFTb coins be used?
The NFTB coins will be used for the following things:
- Incentivizing creators, meaning rewarding creators who create and add NFTs to the platform.
- Fee Discounts: the token is able to be used for discounts on the NFTb platform
- Maintaining Governance: decisions to integrate new protocols, edit pool parameters, edit risk parameters, etc.
The history and founders of the NFTb platform
NFTb was founded by an entrepreneur from Ukraine called Olexiy Feodorov. It is backed by some of the most influential crypto venture capital companies. These companies are mostly involved with the Binance Accelerator Program, injecting capital into the platform’s development.
According to reports from some crypto experts, various other investors such as Next Ventures, Rarestone Capital, and Spark Digital have invested more than 200,000 USD into the NFTb’s seed round.
Keep in mind that the NFT marketplace, in general, runs a platform that is community governed, with more than 50,000 community members. This data is obtained from Telegram and numerous other social media groups that that platform owns.
What Makes the NFTb marketplace so unique?
NFTs are heating up lately, but many crypto enthusiasts still consider them to be at an infant stage. Thus, mainstream users are still discovering the marketplace and experimenting with their use cases. It’s similar to early iterations across different social media platforms.
NFTb aims to become a pioneer in the NFT space with an offering of fast, high, and completely unique performance features. The NFTb also wants to provide the full capacity for all of its creators who, with each transaction, want to donate a portion of their earnings to charity.
What other features make NFTb so special?
Some other features make NFTb stand out from all of its competitors. The reason is that the NFTb marketplace is two-sided for digital art creators and collectors. Considering this, it’s investing in a growing community of collectors and creators.
In addition, NFTb aims to expand into a Non-Fungible Token marketplace, which will make cross-chain swaps of Non-Fungible Tokens available through an oracle. It’s crucial to understand that, for sophisticated NFT trading, an oracle will enable price discovery instruments.
What is the NFTb business model based on?
Keep in mind that Binance Smart Chain is the focal point of liquidity. Therefore, the NFTb marketplace is focused on facilitating the NFT cross-chain liquidity and a launchpad for NFT-related projects.
The entire business model of NFTb is based on the strength of its caring community. The native token of the platform is the NFTb coin, which will increase in value with a growing community of collectors and creators, which are reaping the rewards from the platform’s functionality.
What are the most trending NFTb collections so far?
The most trending collection on the NFTb so far are:
- The Squaddies
- Bored Dudes
- Pretty Girl
- Shady Fox Club Gen 2
- Cool Monkeys #6i (Special Edition)
- Crypto Tigers
- Unique Crypto Avatars
- Cool Bunny
- Pixel Structures
The overview of the NFTb coin tokenomics
So, let’s do a quick NFTb tokenomics overview, shall we? The NFTb token is invented to facilitate the Governance of the NFTb platform and boost engagement by buyers, sellers, and creators. The metrics of the NFTb token are structured to capture all network participants who share the same vision as the team behind the NFTb project.
The vision is simply the long-term success of the NFTb project. All tokens will be rewarded to creators and users as soon as the platform gets to be live. Nonetheless, network participants will get vested tokens to avoid a large amount of sell pressure and gamification of the price of the NFTb token.
Remember that this lockup is crucial for early investors and team members. Users of the platform and early buyers will be able to hold and accumulate NFTb crypto without worrying that team members or investors will sell huge amounts of tokens at once.
The team behind the NFTb project will slowly release vesting schedules, whereby most of the NFTb token supply is locked early on. Thus, NFTb tokens will be released daily.
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