Nifty Pays (NIFTY)

IDO

Last updated: Nov 09, 2021

NiftyPays is an innovative and revolutionary concept, deeply and strategically brainstormed to benefit the exponentially increasing holders of Nifties.

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Overview

Project industry	Art & Music
Product type	Platform
Whitepaper	Open
Onepager	Open

What is Nifty Pays

The ecosystem revolves around $NIFTY - a utility token which introduces an incentive mechanism to allow NFT holders to transact in a peer-to-peer manner for various useful functions, such as fractionalisation of NFTs, or lending and borrowing of NFTs.

The platform utilizes its native token as the platform currency, $NIFTY, to incentivise facilitate users to perform the following transactions:

Borrowing (pooled)
Borrowing (P2P)
Fractionalization of NFTs (for liquidity)
Voting on various features and parameters of the platform.

Details

IDO (TrustPad Launchpad): Nov 18, 2021 - Nov 18, 2021
IDO (Launchpool): TBA - TBA
Token supply: 150,000,000 NIFTY
Total tokens for sale: 48,600,000 NIFTY
Hard cap: 2,700,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2021

Token info

Ticker: NIFTY
Token standard: ERC20
Token price in USD: 1 NIFTY = 0.07 USD
Token distribution:
Treasury - 25%
Community Reserve Pool - 15%
Exchange Liquidity Allocation - 5%
Bounty, Influencers and Advisors - 5%
Future Team Members - 3%
Core Team - 20%
27% - Token sale