Project Description:

 

 

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VyFinance

 

Floor

₳ 165

Best Offer

₳ 90

Volume (As of November 2nd, 2024)

₳ 1.5m

Listed

2.12%

NFTs

2030

Unique Wallets

30%

 

When VyFinance launched their NFT, it was not intended to be a full-fledged project. Originally, they created them as a thank you to their community for participating in our ICO, and they minted 1950 Purple NFTs and 50 Gold NFTs. These were randomly distributed to the 1817 ICO participants, while the remaining NFTs, including one Gold, were kept by VyFinance. However, when they released these NFTs, they also launched an NFT staking vault, which allowed holders of our assets to deposit and stake for VyFi - the native token of our ecosystem. The NFT staking vault was initially intended to be a fun way to incorporate an airdrop for our ICO supporters, but the response from the wider CNFT and Cardano communities was overwhelmingly positive, and their team were surprised by the support for the utility we had built. 

Given the popularity of our NFT and its widespread adoption within the Cardano community, VyFinance believes it's crucial to enhance the functionalities that are offered. Their aim is to create something new and unique in the DeFi space - an NFT launchpad - a concept that, to our knowledge, hasn't been attempted before. By doing so, they can expand the VyEcosystem and generate additional income streams to support our VyBar, the distributive mechanism for VyFi, the native token. The NFT launchpad will enable VyFinance asset holders to access multiple vaults that earn different tokens from across the Cardano ecosystem, with a particular focus on new and upcoming projects.

 

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