What is NFT Art Finance (NFTART) | What is NFT Art Finance token | What is NFTART token
In this article, we’ll discuss information about the NFT Art Finance project and NFTART token
NFT Art Finance (NFTART) mission is to empower NFT creators and artists on BSC with a new NFT concept built around powerful tokenomics. Our utility token $NFTART will be powering several functions of our upcoming platform.
THE PLATFORM
Some of the features of our upcoming platform
VISUAL ART
Upload and sell your visual artworks as NFT’s with our simple drag-and-drop solutions. Our marketplace will be easy to use and operates with very low transaction fees.
AUDIO
On our platform there will be a whole section dedicated to musicians and audio-heads. We will implement unique features geared towards musicians and the music industry.
APPS
Our upcoming smartphone apps will enable anyone to create and trade NFT’s from their phone. NFT’s have never been simpler!
THE TOKEN
Hyper-deflationary & frictionless by design!
Tokenomics
Max Supply: 10,000,000,000,000,000
4% Development & Marketing fund.
46% Pancakeswap liquidity pool.
50% Burnt.
Utility
The NFTART token will be powering our platform. It will be the default currency used to create, claim, buy, and sell NFT’s.
Audited and safe
Our smart contract has passed a full code audit by TechRate.
No owner
Ownership of the contract was renounced on day one. This means that the code cannot be changed by anyone.
$ Low transaction fees
Binance Smart Chain’s low transaction fees makes creating and trading NFT’s affordable for anyone.
Passive income
With our built-in 5% redistribution on every transaction, your funds will increase more and more while you hold our token.
Deflationary
NFTART has a built-in 10% transaction tax where 5% get burnt & 5% goes back to holders.
AMA
BSCdaily:
What is NFT-Art.Finance all about? Give us a little summary
Kim Andre:
Our mission is to empower NFT creators and artists with a new NFT platform built around powerful tokenomics. Our platform will be powered by our deflationary utility-token NFTART. Users of our platform will be able to stake our token to claim or issue NFT’s.
We are setting out to become the easiest NFT platform to use by amongst other things implementing simple drag & drop solutions. First, we are releasing a web version and later apps for both Android & IOS. Our apps will enable the creation of NFT’s from phones.
BSCdaily:
“drag & drop”, sounds interesting!
Kim Andre:
We think it will be game changing in terms of lowering the bar for creating NFT’s 🙂
BSCdaily:
Excellent! I believe it will be a game changer, particularly for NFT rookies
BSCdaily:
Could you tell us about yourself?
Why did you and your team decide to build NFT-Art.Finance?
Kim Andre:
My name is Kim Andre and I’m the CEO of NFT-Art.Finance.
I’ve been in the crypto-space since 2011. I started out in the early days with mining. Further down the road early token projects like colored coins for Bitcoin around 2013 got me interested in the idea of tokenizing digital artworks of any kind. For a long time ideas have been brewing. We have watched the NFT space closely for several years now… With the launch of BSC last year & its rapid positioning amongst the most popular platforms for both users and developers, the timing finally seemed right.
Our whole current team consists of artists either creating physical or digital artworks, music or both. We believe that being in the unique position of having a background as both developers and content creators has granted us some fresh perspectives and a big network of connections that we intend to bring with us to our platform.
BSCdaily:
Developer + Content Creators. What a unique combination!
Kim Andre:
There is more of us out there then you think 🙂
BSCdaily:
So how many people are your team composed of?
Kim Andre:
We are currently a small but dedicated team of 3 developers & 1 graphic designer from Scandinavia. Over the course of the next few weeks we will expand our team to speed up the development of our platform and apps.
BSCdaily:
That’s nice! Expansion is needed for a project to be successful
BSCdaily:
Let’s dive into your token $NFTART, shall we?
BSCdaily:
Can you share with us your tokenomics?
Kim Andre:
sure! 👌
Our token is hyper-deflationary & frictionless by design.
NFTART has a total supply of 100 quadrillion tokens. Right before we stealth launched on Pancakeswap we burned 50 quadrillion tokens. We put 46 quadrillion tokens in the liquidity pool and burned the LP tokens. This way our liquidity is locked forever. The remaining 4% we kept as a developer and marketing fund.
We chose to design our token with a built in 10% transaction fee on every transaction. 5% get burnt, lowering the total supply. The other 5% are redistributed amongst the holders of our token.
BSCdaily:
Great, what are some of $NFTART use cases?
Kim Andre:
Users of our platform will be able to decide between staking of tokens in a time-locked contract to claim or issue NFT’s, or alternatively pay a tiny fee. A portion of the NFTART fees collected from our platform will be automatically burned, acting as yet another deflationary mechanism for NFTART tokens.
Our NFTART token contract just passed a full audit with TechRate yesterday.
https://github.com/TechRate/Smart-Contract-Audits/blob/main/NFTArt Finance.pdf
BSCdaily:
Wow, great news!
BSCdaily:
What could users expect from the upcoming platform and applications now that the project has passed audits?
Kim Andre:
On launch day users will be able to use our platform to create NFT’s. The platform will be easy to use and beginner friendly. We intend to support all the most common image, audio & video file formats on our platform. Users will log in with their existing Metamask or Trustwallet. Later this year we are launching our app for Android to empower the growing number of smart phone users with NFT technology.
We are not stopping there, we are also creating a marketplace. It will be integrated into our platform and enable our users to easily sell their NFT’s. Further down the line we have plans of implementing a template system to enable easy creation of trading cards, packs and loot-boxes on our platform.
BSCdaily:
I can even create NFTs using my phone? Awesome!
BSCdaily:
Okay, final question before we move on to the “Live questions” session with BSC Daily’s community
Where can we find out more about NFT-Art.Finance?
Kim Andre:
Here are our links:
Telegram: http://t.me/NFTART_Finance
Twitter: https://twitter.com/NFTArt_Finance
Medium: https://nft-art-finance.medium.com/
Website: https://nft-art.finance
Also make sure to have a look at our Q2 roadmap!
BSCdaily:
Make sure to check them out guys
BSCdaily:
Okay, now we’ll move to the most anticipated part of today
👉 Live questions with BSC Daily’s community
Chat will be open and you guys may send questions related to NFT-Art.Finance project to @KA_NFTART
He will choose the best 10 questions to answer and those with the best questions will share $100 BUSD!
Prepare your questions, guys. We are opening the chat
BSCdaily:
That’s a lot of questions, feel free to pick some interesting ones @KA_NFTART :)
Kim Andre:
Alright, thanks for the questions everyone!
Sajeeb Ahamed:
For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Kim Andre:
We have kept 4% of the initial supply for development & marketing. When our platform launches a portion of the fees collected from creation of NFT’s and our marketplace will go towards future development as well.
N:
As Education for crypto currency is very important, what is your plan to to attract those people who don’t know about cryptocurrency?
Kim Andre:
We are taking as many steps as we can to simplify NFT creation for non experienced users. We believe our smart phone app will be the main game changer in that regard. Also we plan to use a portion of our marketing fund as a creator fund to drive onboarding.
Huệ Xuệ:
Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Kim Andre:
We burned all of our LP tokens on day 1, locking our liquidity forever. We have also resigned the ownership of the contract. On top of that our code has passed a full audit.
Andrew:
through the Nft art finance marketplace will it be possible to graphically modify Nft? will there be any graphic editing commands?
Kim Andre:
This is a feature that we want to implement in the future, but not for Q2.
Như Quỳnh:
How Will the NFT-Art Finance project create a popular NFT that could replace or compete with the recently popular Dego or Paint?
Kim Andre:
By taking advantage of our network of already well established content creators & artists.
N:
Burn or buyback increase token value. Are you planning to burn or buy back any tokens from the market in the future? Do you have such programs?
Kim Andre:
Our token automatically burns 5% on every transaction. Our platform will also have several deflationary mechanisms built in as well, both in the marketplace and the NFT minter. A portion of the fees collected will be automatically burned.
Aluna x100 PLS:
Which NFT model will NFT-Art Finance build to suit the trends of the community, to be able to compete with My Neighbor Alice, Meme or Rarible or Enjin?
Kim Andre:
We will be using the universal ERC-721 and later on ERC-1155 standards on our platform. This ensures that our NFT’s should easily be compatible for integration in games and other type of nft related projects. You will be able to bring our nft’s to any open marketplace that supports these standards on BSC.
Just 4 Do9:
I see that you have paid tribute to fashion and prioritized DeFi and NFT spaces, but fashion lady is capricious and changes every bull market. Do you have a long-term vision for both the projects you focus on and the blockchains you will be integrated into?
Kim Andre:
We are not only focusing on artworks, but all sorts of NFT’s. Future updates to our platform will be geared towards creating assets for video games for game developers for example. We also have some thoughts about some features we want to build around NFT’s with audio that we think would be interesting to explore.
Shish Verm:
What is NFT-Art Finance’s roadmap on 2021 in the NFT space and general crypto space?
Kim Andre:
You can have a look at our roadmap here:
BSCdaily:
1 question left, you’re doing great!
Alice:
Do you support NFT’s and what can I do with the NFT’s I get while I get using NFT-Art Finance’s system and were can I sell them?
Kim Andre:
You will be able to create, buy, sell and claim promotional NFT’s through staking on our platform. Our promotional NFT’s you will be able to instantly sell on our marketplace, or any other ERC-721 compatible marketplace on BSC. We will be integrating all of these features in our upcoming apps as well.
BSCdaily:
Amazing, all 10 questions are now answered!
Great job everyone!
Our team will announce 10 winners by tomorrow, the list will be pinned in this group.
BSCdaily:
As we are coming to the end of the AMA. @KA_NFTART, anything else you’d like to add before the end?
Kim Andre:
Thanks for all the great questions everyone! 🙏
Kim Andre:
I want to extend an invitation to everyone to join us over in our Telegram channel. We try our best to be active and engaging with our followers, especially on Telegram. There is usually always a team member around to answer any questions you might have.
Would you like to earn TOKEN right now! ☞ CLICK HERE
How and Where to Buy NFT Art Finance (NFTART)?
NFTART token is now live on the Binance mainnet. The token address for NFTART is 0xf7844cb890f4c339c497aeab599abdc3c874b67a. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough WBNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy NFTART token
Contract: 0xf7844cb890f4c339c497aeab599abdc3c874b67a
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in NFTART token is currently Pancakeswap, DODO
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NFTART gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
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Find more information NFTART
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