1/
A quick write-up on Tokenfy ($TKNFY).
**This is for educational purposes and not financial advice. Do you own research to consider whether TKNFY is worthy of consideration or now. I'm simply sharing what I've learned so far.** I also own TKNFY via their airdrop.
Onward! 👇
A quick write-up on Tokenfy ($TKNFY).
**This is for educational purposes and not financial advice. Do you own research to consider whether TKNFY is worthy of consideration or now. I'm simply sharing what I've learned so far.** I also own TKNFY via their airdrop.
Onward! 👇
2/ Before we start, you can check whether you own are entitled to $TKNFY here:
app.tokenfy.com/?referralAddre…
If you're feeling generous, above is my claim link, where I earn 10% on top of the tokens you claim!
app.tokenfy.com/?referralAddre…
If you're feeling generous, above is my claim link, where I earn 10% on top of the tokens you claim!
3/
The NFT markets are sizzling once again. You could call this the fourth NFT surge in the past year.
We've seen alternating periods of aggressive expansion and "silent crashes" (where liquidity leaves the system and trading volume slows).
The NFT markets are sizzling once again. You could call this the fourth NFT surge in the past year.
We've seen alternating periods of aggressive expansion and "silent crashes" (where liquidity leaves the system and trading volume slows).
4/ Those who have been through this series of mini-cycles are eager for ways to maintain exposure to NFTs, while mitigating some of the intermittent liquidity challenges that can manifest for months at a time.
5/ The three leading ways for NFT investors to accomplish these objectives will be (1) project token earn-outs, (2) collateralized lending, and (3) investment in 'picks and shovels' projects.
6/
Tokenfy falls into category (3) - a pick and shovel bet on this blooming industry.
Tokenfy offers a service to the market, and would presumably grow as a function of how quickly the entire NFT market expands. It's not a bet on a particular project.
$LOOKS is the same.
Tokenfy falls into category (3) - a pick and shovel bet on this blooming industry.
Tokenfy offers a service to the market, and would presumably grow as a function of how quickly the entire NFT market expands. It's not a bet on a particular project.
$LOOKS is the same.
7/
While LooksRare is a bet on NFT trading volumes, there is no direct way to bet on NFT issuance.
This leaves many investors itching for exposure, since the most conservative estimate I've seen is that issuance will expand by 3x in 2022. Many believe it could eclipse 100X+.
While LooksRare is a bet on NFT trading volumes, there is no direct way to bet on NFT issuance.
This leaves many investors itching for exposure, since the most conservative estimate I've seen is that issuance will expand by 3x in 2022. Many believe it could eclipse 100X+.
8/
Tokenfy ($TKNFY) is the first pure play means of direct exposure to NFT issuance. The market has been staggeringly short of simple simple options for non-technical participants to issue NFT collections.
Tokenfy ($TKNFY) is the first pure play means of direct exposure to NFT issuance. The market has been staggeringly short of simple simple options for non-technical participants to issue NFT collections.
9/
Attributes of Tokenfy
a) Simple. A no-code solution. You can launch projects via their GUI w/o programming experience
b) Security. TKNFY's standard issuance contracts have been audited/tested
c) Affordable. Launches cost as little as 4-figures. Cheaper than 3rd party devs.
Attributes of Tokenfy
a) Simple. A no-code solution. You can launch projects via their GUI w/o programming experience
b) Security. TKNFY's standard issuance contracts have been audited/tested
c) Affordable. Launches cost as little as 4-figures. Cheaper than 3rd party devs.
10/
Tokenfy's public version will launch next week after the initial claim period ends. This will kick-off a new phase of their tokenomics, which are deflationary in nature, and incentivize platform usage like $LOOKS has. Here's how they work...
Tokenfy's public version will launch next week after the initial claim period ends. This will kick-off a new phase of their tokenomics, which are deflationary in nature, and incentivize platform usage like $LOOKS has. Here's how they work...
11/
$TKNFY Drop Tokenomics, from its site:
1. 50% Free Claim for NFT Creators and Collectors
2. 5% for Referrals
3. 20% Staking Rewards
4. 10% Liquidity Provider Rewards
5. 5% to Company Treasury (for platform development and marketing)
6. 10% to Investors, Advisors, and Team
$TKNFY Drop Tokenomics, from its site:
1. 50% Free Claim for NFT Creators and Collectors
2. 5% for Referrals
3. 20% Staking Rewards
4. 10% Liquidity Provider Rewards
5. 5% to Company Treasury (for platform development and marketing)
6. 10% to Investors, Advisors, and Team
12/
For each $TKNFY issuance/transaction
1. 0.5% Burned (deflationary supply)
2. 0.5% for Staking Rewards
3. 0.25% for LP Rewards
4. 0.25% to DAO Treasury
5. 1.00% to Company Treasury
$TKNFY starts out with a maximum supply of 1 billion tokens, decreasing over time.
For each $TKNFY issuance/transaction
1. 0.5% Burned (deflationary supply)
2. 0.5% for Staking Rewards
3. 0.25% for LP Rewards
4. 0.25% to DAO Treasury
5. 1.00% to Company Treasury
$TKNFY starts out with a maximum supply of 1 billion tokens, decreasing over time.
13/ These transaction economics encourage the following.
1. Holding - holders benefit from burns if the platform is used
2. Pulling $TKNFY off the mkt for staking or liquidity provision. There will be arbitrages btwn LP and staking APRs, but both take $TKNFY out of circulation
1. Holding - holders benefit from burns if the platform is used
2. Pulling $TKNFY off the mkt for staking or liquidity provision. There will be arbitrages btwn LP and staking APRs, but both take $TKNFY out of circulation
14/ With only 10% of the maximum supply of tokens in the hands of investors/team - the insiders' dilemma is a much smaller issue than we see with other projects where vested tokens are market sold en masse by giant % holders.
15/ I also want to make clear - Tokenfy is no the first means of issuing NFTs. Both Rarible and OpenSea do allow for issuance of NFTs.
However, these are not very flexible, and I believe the NFTs have captivity issues within each platforms.
However, these are not very flexible, and I believe the NFTs have captivity issues within each platforms.
16/ $TKNFY has potential to become an important utility for the NFT community in 2022 b/c:
1) Existing mkt participants long for simple issuance w/o developer intervention.
2) Lower barriers for Non crypto-native creators to enter, bringing their followers along (new adopters).
1) Existing mkt participants long for simple issuance w/o developer intervention.
2) Lower barriers for Non crypto-native creators to enter, bringing their followers along (new adopters).
17/
I could see investors warming to $TKNFY b/c it's an infra. play on NFTs that doesn't require picking winning NFT projects
It's a new way to express a bullish view on the NFT mkt, on top of $LOOKS, $RARI, and $RARE. $TKNFY benefits from all issuances, not just successful ones
I could see investors warming to $TKNFY b/c it's an infra. play on NFTs that doesn't require picking winning NFT projects
It's a new way to express a bullish view on the NFT mkt, on top of $LOOKS, $RARI, and $RARE. $TKNFY benefits from all issuances, not just successful ones
18/ I hope you enjoyed this quick write-up.
Again, if you're feeling generous, pls use my referral link to claim!
app.tokenfy.com/?referralAddre…
I'm not affiliated w/ Tokenfy, nor do I know whether it will succeed.
But I see some potential, and our airdrops are free tickets to ride!
Again, if you're feeling generous, pls use my referral link to claim!
app.tokenfy.com/?referralAddre…
I'm not affiliated w/ Tokenfy, nor do I know whether it will succeed.
But I see some potential, and our airdrops are free tickets to ride!
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