Chair Finance (BNCH)

The decentralized Chair platform tokenizes rights and benefits into NFTs so as to monetize their economic value. Chair platform provides one-stop services including NFT minting, trading, and auctioning to improve liquidity and maximize economic benefits.

Whitepaper Onepager

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What is Chair Finance

Chair is the world’s first decentralized NFT trading platform for rights and benefits. Art is over-represented in the current NFT industry. 90% of NFTs should be financial assets, digital identities and rights in the future. As the first DEX for utility NFTs, Chair has set a precedent for exploration in this field.

Each NFT listed on Chair will come with a dividend ratio, which means that a certain percentage of the highest bid will be distributed to users who have not won the auction. For example, if an NFT is listed with a dividend ratio of 20% and the highest bid is 1000 USDT, 200 USDT will be shared by all bidders except the winner.

In addition, users will receive mining rewards based on the bidding time and bidding price. After the auction, each bid amount that is initially held as deposit is refunded to the respective wallets of those who don’t win the auction. All projects in partnership with Chair can issue NFTs on Chair for auction after being whitelisted, and Chair will provide tokens for the auctions as mining rewards. So far, more than 10 projects have collaborated with Chair to jointly issue special auction items with a high dividend ratio and a large amount of mining rewards which enable these NFTs to be auctioned off in a short time, promoting the projects efficiently. Chair NFT auctions are innovative and decentralized , can benefit all bidders and achieve a win-win situation for all parties involved. dividends.