The trading platform of Degrain will automatically match transactions via smart contracts using complicated algorithms for different networks to match the offer to the native chain of the NFT. The platform uses its integrated AI smart contract to collect the trading fees and distribute 100% of these back to stakers every 12 hours. The amount awarded will be proportionate depending on how long the tokens are vested for. Passive income for life.
What makes Degrain unique?
The NFT industry is in its infancy and its true value and potential is still being realized. With the likes of Adidas, Burberry, Louis Vuitton and more buying space in the Metaverse to set up shop. Degrain aims to be at the forefront of this industry evolution.
- Cross-chain trading – Imagine seeing an NFT you really want to get your hands on, which is listed on the ETH network and being able to purchase that NFT using BNB on BSC.
- Rewards and Revenue sharing – Token stakers, buyers and sellers will be rewarded with 100% of the platform’s trading fees.
- Fractionalized NFTs – Every month, stakers will be able to use the Degrain token ($DGRN) to vote on which NFT the platform acquires.
What problems does Degrain solve with its ecosystem?
- High Fees – put simply, sales fees on Degrain will be 20% lower than OpenSea.
- Restricted volume – OpenSea and LooksRare are successful in their own right. However, trading volume on these platforms is limited due to trading being restricted to one chain – ETH.
- No VCs – Too many projects are funded by the same venture capitalist that end up dumping upon retail investors. This is not the case at Degrain. There will be absolutely no venture capitalist investment here.
How will Degrain’s fractionalized NFTs will work exactly?
Any NFT acquired by the Degrain platform, including real world NFT contracts, will be fractionalized, allowing anyone to own part of the NFT from as little as 10$. Users will then be able to trade their fractions on Degrain’s marketplace or any other third-party NFT marketplace.
The fractionalized NFT, for example, owners of a fractionalized Bored Ape Yacht Collection NFT will be able to use their NFT as proof of ownership and as collateral for borrowing and lending within the upcoming Degrain P2P lending platform. This will provide users of this service the opportunity to benefit from holding owning the NFT whilst making funds available for use wherever they wish.
Give me more information on how the trading rewards will work.
Users who will trade any NFTs on Degrain will earn trading rewards in the form of the protocol’s native token – $DGRN. In order to incentivize volume, both buyers and sellers of an NFT will earn rewards from their trading volume.
- Royalty fees paid instantly
- Lower trading fees for vested token holders and stakers.
- Network fees distributed weekly/monthly to stakers.
- Networking and Partnerships
- NFT Launchpad