🪙Tokenomics

What is a LIQUIFIED NFT?

The LIQUIFIED NFT signifies your partnership with LIQUIFIED. Being a partner guarantees you a set yield which will be more lucrative than the yield we offer general lenders on the platform. The LIQUIFIED NFT is also proof that you have invested Ethereum on our platform. It can always be used to claim back your staked Eth in the future.

Claiming back your Eth from our platform will always result in your receiving the full investment of Eth back along with the interest that you will have accumulated. We realise that this is key to ensuring the value of your NFT remains at least the value of the Eth staked to receive each NFT.

Why Create Another NFT?

The Liquified NFT token (ERC-721) signifies your status as a partner in our small community of incredible NFT influencers. We decided to issue an ERC-721 token instead of doing what a lot of our competitors did (create an ERC-20 token) for various reasons as explained below.

1. To resonate with the 10-30 LIQUIFIED partners - who may have already participated in similar ERC-721 partnerships. Almost nobody at this point in a bear market wants to buy an altcoin knowing the risks.

2. It eliminates the need for tokenomics - token allocation/spending/burning gives way to trust issues to our small community & legal risks. Simplicity and integrity are at the core of our values - this means we only want to use blockchain technology where it improves a process.

3. Regulations for ERC-721 partnerships have not yet been defined around the world, so we want to be a trailblazer that defines how this can be done advantageously for our customers. We're an NFT company at our core and this places NFTs in the forefront of our business.

4. No SEC concerns - issuing a token means we may need to register as a security if we satisfy Howey Test criteria (I feel that we will based on our discussions so far about paying interests)

5. ERC-721 tokens are simpler to issue - this allows our brilliant technical team to focus on building a better product, rather than dedicate resources to building a better token. This also helps us with transparency. Future listings on NFT exchanges means we will be able to see exactly who transferred the Liquified partnership contract to whom.

6. Marketing - being placed next to a BAYC sends a positive signal and makes it convenient for our users to identify their partnership with LIQUIFIED,

7. Security - Each partnership NFT will be valuable and subject to scams. Using NFTs that we can trace means that we can set up a non-custodial staking feature to keep the contracts safe.