NFTX

The platform’s unique value proposition is to bring NFTs to light to high-level individuals trading funds based on leading non-fungible tokens like PUNK and AXIE on Uniswap and other DEXs.

However, to prevent monopoly during decision-making, a proposal targeting new changes needs to garner support from 80% of all voting tokens. Note that the voting period lasts for 24 hours.

D1 funds have a 1:1 ratio backing involving an NFT and an Ethereum-based ERC20 contract.

For example: say Alice owns 1 ZOMBIE-FEMALE, this allows her to redeem precisely 1 Zombie Female at random.

On the other hand, D2 funds, also called top-level funds, are Balancer pools that make up a combination of D1 funds.

To illustrate: The D2 fund AVASTR makes up a combination of 3 D1 Avastar funds AVASTR-BASIC, AVASTR-RANK-30 and AVASTR-RANK-60 to give users diversified exposure to AVASTR without the need to hold and manage multiple tokens.

Related Pages:

Learn more about Name Changing Token (NCT).

Learn more about NFTLootBox (LOOT).

Don’t forget to read our blog!

Furthermore, token holders have a right to contribute to the decision-making process.