At Refinable, we are unlocking the potential of NFTs for all users. As the first major NFT hub built on BSC, we're building the definitive platform to create, discover, trade, and leverage any digital content on the blockchain. What is Refinable (FINE) | What is Refinable token | What is FINE token
In this article, we'll discuss information about the Refinable project and FINE token
Blockchain as a whole has experienced several major technological trends in the last decade, beginning with the advent of bitcoin, to the emergence of separate blockchain platforms, and most recently the craze of decentralized finance projects. However, none of these trends have captured the immediate and tangible imagination of the general public like non-fungible tokens(NFTs) have. Akin to how bitcoin has challenged the existing notion of money, NFTs are now on track to challenge the fundamental notion of ownership.
With the massive excitement at NFT projects such as NBA TopShots and SoRare, where real-world content is tokenized into certifiably ownable NFTs, communities have demonstrated that digital collectibles can draw immense value from a shared understanding of value and context. It has been exciting seeing communities ranging from gaming to digital art, music to memes all begin to engage in leveraging NFT technology to create and tokenize content for their users. With the NFT market still in its infancy, we as a community should continue to enable and foster playful experimentation to unlock the deepest potential of NFTs.
However, as more communities and users begin to interact with existing NFT projects, the issue of scalability and mass onboarding becomes apparent. Etherereum transaction fees have been skyrocketing due to massive activities in other blockchain projects, causing the average users to pay upwards of $60USD for creating or transacting an NFT token. Platform commission fees have been equally exorbitant, while other users wait for months to be verified on select platforms - so we decided to create a one-stop NFT solution addressing these and much more.
Without further ado, we are excited to officially announce the public reveal of our project.
As the first major NFT hub on Binance Smart Chain (BSC), Refinable is the definitive platform to create, discover, trade, and leverage any digital content on the blockchain. We believe in bringing about the adoption of NFTs for the masses whilst also allowing for the communal experimentation of this new medium. This means providing our users with a next-gen platform that can support the next billion users in their NFT endeavors, and this is how it begins.
The Definitive NFT Hub
Invested by Binance and Mr Beast, Refinable is the first major NFT marketplace on BSC, empowering both individual creators and beloved brands to easily and affordably create, discover, trade, and leverage NFTs. Supporting all communities in engaging with NFTs is Refinable’s mission and we look forward to empowering the next generation of digital transactions.
Create your own NFTs
Digitize your content by tokenizing them into certifiably ownable and infinitely tradable goods.
Discover and get discovered
Find something that sparks joy amongst a myriad of content from across the metaverse
Trade and share with anyone
Exchange, auction, or even gift your goods to others entirely on your terms
Leverage their full potential
Deploy your NFTs via various means to unlock their deepest value
Featuring ultra low transaction fees, customizable distribution options, and energy-efficient processing, Refinable is the next generation digital marketplace built with users and communities in mind.
Scarce By Design
All platform content will be minted in limited quantities or accessed from other NFT compatible blockchains. Provable scarcity gives creators a new dimension of customization while challenging existing notions of valuation.
We support our users from entrepreneurs establishing their own storefronts to creators who love to share within their community in how they want to distribute their content. Configure your goods for one-click purchase, customized auctions, purchase approvals, redemption, or even as a free drop for your users.
Refinable is open to all content types from 2D images to 3D models, internet domains to music albums. The platform aims to normalize NFT trade, so our users will naturally discover the content they want to create and transact with.
Trade directly and leverage confidently with any user on the platform through automated smart contracts hosted on the public and proven BSC environment.
High Performance, Low Fees
Binance Smart Chain allows Refinable to transact in an ultra-fast and secure environment while maintaining limited fee exposure for our end-users.
Platform stakeholders will be able to submit proposals, vote on initiatives, and moderate the platform to ensure alignment with evolving needs of the community.
Reducing our ecological footprint is always on our minds. BSC’s consensus mechanism (a hybrid of dPoS and PoA) is designed to be more efficient and environmentally friendly than Ethereum’s PoW, where selling a NFT has a carbon footprint equivalent to a 1 hour flight.
In order to properly align the incentives of our users, stakeholders, and network participants, the Refinable platform will utilize a native utility and governance token, FINE, as its base economic asset.
As a FINE token holder, you gain unprecedented access to our platform as well as the plethora of other benefits that are exclusive to FINE holders. Below we will cover some of the most pertinent information relating to FINE, demonstrating how it was created with our community’s best interest in mind.
With the goal of creating as many value-adding qualities as possible, we have developed FINE to serve as the backbone of the Refinable ecosystem. As a decentralized and distributed platform, FINE will act as a governance token, granting its owners’ voting rights to proposals and a fair say on the network’s future direction. This guarantees that Refinable will develop towards the direction that our community dictates.
Additionally, FINE will also be used as a general utility token for settling and funding transactions, or spent for priority exposure on the platform!
Users who hold and stake their FINE tokens will also benefit from major discounts on platform fees of up to 60%. Regular buyers and sellers have to pay 2.5% in the service fee, while secondary platform sellers have to pay 2.5% plus a percentage of royalties. For FINE holders, these commissions are slashed to 1.5% for buyers, 2% for primary sellers, and 1.5% plus royalties for secondary sellers!
But wait, there’s more! With FINE, token holders will gain access to exclusive events such as special item auctions, exclusive drops, and unique listings from the Refinable team and community. Token holders will all get to participate in platform moderation, with power democratically determined based on the underlying amount of FINE tokens each participant owns.
We have consulted with some of the top experts in the industry to determine the proper tokenomics for FINE and have created a financially and economically sound cryptocurrency with our users best interests in mind.
The supply of FINE tokens is capped at 500 million, with 20% of tokens going towards our token sale, 20% allocated to community mining, 5% to a Refinable liquidity fund, 10% to Refinable’s team (which does not unlock until one year after the token generation event), 35% to the treasury fund and 9.5% for reserve proposals.
FINE’s total public and private sales will raise approximately US$3M, with an initial purchasing price of US$0.03/FINE for private sales and only a slight increase to US$0.033/FINE for public sale. Public sale users will gain immediate access to their tokens, while private sale participants will receive their total token allocation on a quarterly basis over the course of one year.
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)
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
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy FINE token
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 FINE 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!
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Find more information FINE
🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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