Taking A Dive Into The New NFT Platform Startfi - Things To Know
Since everything is starting to get digital, it is safe to say that many cryptocurrency projects are taking their opportunity. In this case, the best example is the existence of the NFT platform that runs with native currency. While there are already some out there, but a new platform is surfacing. It is NFT platform Startfi or startfinance. How good is it? Read further for more information.
About StartFi
The premise of the project is to make a brand-new platform that is specially tailored for the growing NFTs markets. The idea is that all of the creators, buyers, and sellers will be in one safe platform to conjure their transactions. It also has some features that help all the projects and participants to stay in the dynamic NFT markets.
As a platform that offers a marketplace, the design comes with a native cryptocurrency called an STFI token. The ecosystem runs with a decentralized system which helps enable the creator to create unique digital assets and sell them. What makes it interesting is the INOs or the initial NFTs offering process. It helps artists to gain more income by minting the assets.
On the other side, the NFL holders and investor can also promote their favorite artists on the platform. The decentralized system will open the chance to get a hand in organizing and participating in the StartFi community. It later brings a better ecosystem that includes creators, fans, holders, investors, and sellers.
The StartFi triangle
One of the unique points of the StartFi is the triangle effect. it refers to how the platform connects content creators, fans, and the StartFi platform. It is one of the impactful ideas from Startfinance since it helps create a beneficial and trusted ecosystem for the NFTs market. The creator can sell, fans raising funds, and the platform taking care of all of the processes.
Is it something new? It is not a novel idea, but it does help to emphasize how worthy the platform is. The investor will be part of the StartFi platform, lead the NFT fundraising industry, and support creators. The use of blockchain technology also ensuring better transactions. It is quick, simple, and can provide a constant cash flow.
How does it work? The answer goes back to the platform system and technology. The decentralized system will pose as an automated market maker (AMM). It also works as NFT DEX built on Ethereum that opens a bigger chance for online digital transactions. The DEX also has the role behind open and transparency governance protocol.
It indicates that token holders can participate in many governance projects inside the platform. Thus, creating a more distributed revenue for everyone. And lastly, the StartFi highlights its interoperability aspect. It refers to one platform's ability, which includes the capability to incorporate all kinds of existing or future blockchain.
What It Offer
- INO (Initial NFT Offering)
The first offer that is quite interesting is INO. The initial offering means it provides an opportunity for the creators to raise funds for their projects. With the help of fans and token holders, the creator will be able to raise capital for their project. This aspect not only helps the creator, but fans and the token holder can invest in the digital content in the early stage.
The act will help investors and fans to get the right as a copyright owner. In the later state, they can redistribute, sell, publish, and earn money from it. in other words, the INO will be the investment method alongside adding initial capital for the artist that is going to work with a digital project. - Creator Digital Asset Monetization
So, the use of digital currency and the platform system help to create a better monetization for all parties. The investor will be able to work with trusted pools to gain some revenue and benefit. Meanwhile, creators or influencers also can make private auctions. They can also mint NFT to again up their revenue. - Minting, sponsorship, and fan token
Minting the NFT can be a new way to gain more income. With the help of fundraising, sponsorship contract, and fan token features, the platform help securing the transaction. It is also worth noting that such features bring up a bigger opportunity to work with vast industries, including e-sport teams, big projects, big publishers, and many more.
Investment Advantages
The business model from StartFi is very interesting to consider. It has a transaction fee of about 3%, a payment process of 3%, and an AMM+NFT DEX transaction is around 0.25%. All are in every transaction. It means the potential revenue is pretty high. For example, $400 m a total sales, the $8M will be the 2% of the raised fund, and $3M for StartFi fees.
Considering the rising potential of NFTs, what Startfi wants to do is a good move. Even though it has a lot of competition, but it has so much more potentials to grow well. Up til now, the platform is in the development phase. Thus it is worth seeing soon.
Website: http://startfi.io/
Pitch Deck: https://drive.google.com/file/d/1vrQ8N3UrQgBw8EiulLDXJZeoBWREiMPz/view?usp=sharing
Social Media Link:
https://twitter.com/StartFinance
https://startfinance.medium.com/
https://t.me/StartFiChat
Posted by kurniawan05
PoA link: https://bitcointalk.org/index.php?topic=5354889.msg57863387#msg57863387