NFTs have proved to be a game-changer for a platform like EarnX. NFT Platforms like these don’t come around often. This means that it is very rare that such a platform comes into the big picture in such a short time and offers the value of palpable utility that can be put to use just right away! NFTs have been the talk of the town for the last few months but EarnX is now looking at them in an entirely different way. This subsidiary of Yearn Classic Finance is thinking to revolutionize the NFTs by taking RFID technology and then intertwining the blockchain tech. They will be soon launching their own EarnX NFT Gallery. They will stock up the gallery by majorly focusing on a community-driven approach.
EarnX is a community-based token and its integration with the RFID technology will allow the NFTs to integrate with several physical products in its gallery. The EarnX community will easily be able to engage with auctions and vote for the different products in their gallery.
The EarnX Community Token
The tokens from EarnX are unique utility tokens that are developed to support the NFTs and several other unique art industries. This community token empowers individuals with talents and provides the holders with the right to contribute to the platform. One thing you might be interested to know about these tokens is that they are deflationary. Meaning? As a token holder, they allow you to earn more as your EarnX token sits. To top it all, it further carries the voting rights thus impacting and influencing the products and artists joining the community. Its major emphasis is on utility, scarcity, and stability.
EarnX token charges a 10% tax on every transaction to combat price manipulation. The distribution is – 5% is locked for four years as it goes towards a liquidity pool and the other 5% goes back as a weighted distribution to burn address and token holders. It is built on BSC. So, it carries low gas fees and continuous burning. This gives a lot of use case advantages and price stability. However, it still keeps the holders inspired and excited to continue to hold. Partnered with DxSale, its liquidity is super secure.
The EarnX team has also designed a specific roadmap. There they have talked about how they will be focusing on NFTs in the coming months. There was an announcement a week ago where they also mentioned that they will be launching a Q3 project – NFAXE. It is a physical axe paired with NFT that will be sent to the winning bidder. They will also share NFCarpet.
Earlier this month, EarnX announced its partnership with Bella Protocol. They are focusing on three major things: community collaboration, exploring innovative ideas revolving around NFT airdrops, NFT mining, and dynamic NFT, and providing holders with premium NFTs that are backed by physical art in the DeFi sphere. Marcus King, the co-founder of EarnX, also stated this partnership. He said “There will be a dedicated Bella Protocol physical NFT collection surely in future.
EarnX token was also added on Bitrue as a supported token. This allows the users to trade their EarnX tokens with XRP and USDT. In Binance Smart Chain’s DeFi and the NF landscape, EarnX has proved to be a major pillar. With the growing NFT and DeFi landscape, EarnX is looking to grow aggressively as well with all the partnerships and exposure to its coming life.