I know that many people will agree with me that the modern world is full of resources, tools, technology, and other high-tech elements. Each one brings something useful to our life, or, conversely, takes it from it. This is a very complex and multifaceted issue that haunts many of us. After all, in most cases, we understand that we are only a small part of one big mechanism, which unfortunately, management tools are not concentrated in our hands. I know it sounds very confusing, but that's life. Which we have to endure or try to change something.
This is the kind of change I want to talk to you about today. However, as far as we all know, one of the most powerful tools in our life is money. With them, you can literally buy any product you need, buy the house of your dreams, give your parents a car, go on a trip and deny nothing. This is partially true, but not everyone notices the downside of the same coin, namely the gradual depreciation of the same coin. Today I will write a short review about an amazing project called today I'll be writing a quick review about this awesome project called Non Fungible DeFi, as you all know DeFi and NFT are both trending right now and non Fungible DeFi project offers both, so without wasting much time let's get down to business.
I'll start by explaining,
What is Non Fungible DeFi (NFD)?
Non-Fungible-Defi is a futuristic innovation which brings NFT's and Defi altogether at one place to build a highly sustainable ecosystem with high Yield Farm pools with immense APY's and user generated NFT's all at a single place.
Non-Fungible-Defi will be home to different Defi products and platforms, which comprises of their ecosystem that would be driven by their governance token NFD(i'll talk about it later in this article).
Why you should use Non-fungible-Defi?
Non-Fungible-Defi plans to integrate project NFT's (the next era technology) into their BSC based ecosystem, thereby making NFT trading alot more easier and affordable for every token holder.
The business model is made in such an efficient way that the holders of the governance token NFD can make use of all the products, platforms and NFT's developed by the team seamlessly, thereby making Non-fungible DeFi ecosystem the most viable and handy.
Some problems :
Dex Trading Fee : at the start the main reason for a Decentralized trading platform was to diminish the trading fees of centralized exchanges and have smoother transactions, but the current Dex's like Uniswap and Pancakeswap are still complicated for noobs to use.
Undervaluation of NFT's : At the dawn of the NFT era, the NFT auction marketplaces were highly unbiased and professional. But now, almost every single NFT marketplace is either biased towards the highest bider or charge way too much fees just to auction on their marketplace.
Useless Gaming for NFT's : In recent times, it's clearly seen how projects fool people into playing their games greedily by making fake promises of rewards. All those hours of playtime are used by the projects to play ads and earn money from their users.
Unprotected/Hackable hot wallets : hacks are very common in the crypto space today with the recent attacks on Exchanges like Hotbit, Cointiger, Vindax as well as decentralized wallets such as Tokenpocket, Brave wallet, etc have erased a substantial amount of user funds (over 100's of millions in tokens).
Transaction fees : for over a while now the Ethereum chain (ERC-20) ecosystem prices have skyrocketed crazily, thereby costing around thousands of dollars of monthly fees for an average trader.
The Solutions :
Low gas fees : since Non-Fungible-Defi is based on Binance Smart Chain(BSC), the transfer fees for native BSC tokens is around ~$0.15 per transaction which sums around ~$20-$205 per month for an average trader, hence saving hundreds of dollar worth of fees.
Unhackable wallet : The NFD wallet being one of the top notch and most viable Ul wallets, doesn't compromise Funds Security for fancy UI's, the main focus is to create an non-hackable semi-cold storage wallet where users can hold their NFD tokens as well as other BEP20 tokens.
Building an unbiased marketplace : since the sole aim of NFD is to bring Defi and NFTS and integrate them at a single place, NFD is building it's own NFT marketplace where users can buy and sell NFT's with minimal fees along with cutting edge security thereby preventing biased auctions and money scams from occurring.
Launching an easy to use DEX : since other Dex's are kinda of complicated for noobs to use, NFD plans to launch their own trading platform named "NFD DEX" and it's main motive is to provide lowest slippages along with lowest fees. The goal is the break the monopoly of high trading fee DEX's and thereby try to bring a change in daily trading fee volumes occurring on BSC chain.
Building a profitable game : Non-Fungible-Defi NFT games are all set to be the most profitable games for gamers, because they plan to set specific rewards per level milestone, which will be automatically distributed by their bots to the players whenever they achieve that milestone. Also, the highest score achiever (Best player of the week) will get a custom made NFT from Non fungible defi team, thereby making gaming experience of numerous hours worthwhile.
NFD Token :
As I said earlier I was going to talking about talk about their NFD token, NFD token is the governance token for the Non-Fungible-Defi platform, The NFD token will be used to gain full access to all Non-Fungible Defi products. NFD token holders will earn for utilizing it on the DeFi product especially through staking, farming and gaming platform.
Tokenmetrics :
Name : Non-Fungible-Defi
Ticker : NFD
Blockchain : Binance Smart Chain
Total supply : 50,000
Conclusion :
With DeFi and NFT getting bigger everyday, non-fungible defi plans is to integrate all the financial service products like DApps and wallets as well as NFT's within a single place called NFD Ecosystem.
So guys we've come to the end of today's project review, What do you think about Non Fungible DeFi?, I would love to hear from you guys, kindly leave your thoughts in the comment box below.
Thanks for your time, do have a nice day :).
For more info :
Website : https://non-fungible-defi.com/
Whitepaper : https://non-fungible-defi.com/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjE4NTQiLCJ0b2dnbGUiOmZhbHNlfQ%3D%3D
Twitter : https://twitter.com/nfd_token
Instagram : https://www.instagram.com/nonfungibledefi/
Telegram : https://telegram.me/nfdofficialchat
Author : putumayang
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2603300
My BEP20 Wallet Address : 0x623CD65Efd08AF50B416d1Aff8C3438D6F8640B2