DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…
NFTs have been around for a while, but the industry is still in its early stages. Many projects are popping up, and it can be difficult to tell which ones are worth investing in. This is because the NFT market is still very new, and there is a lot of speculation.
Today, we’ll look more closely into Boui, a project that caught our attention and will soon launch on the market.
Understanding Boui’s Approach to the NFT Industry
Boui is a new Southern California platform joining the NFT market. It is minting NFTs by leveraging artistic communities and artists. The art created by painters, graphic artists, photographers, and musicians will become available as NFT art.
The project will link each collection to “the most uniquely curated assortment of luxury items and collectibles.” There will be an essential choice to make when using Boui. You can, for example, “burn” your NFT to have the item priority mailed to you. Alternatively, you can “Boui” your NFT to relist it for sale whenever you want and at any price you choose.
According to the team, this new platform can potentially be a significant player in the world of NFTs. It strives to provide a unique service that could appeal to collectors and investors.
What do we know about Boui’s ecosystem? The subsections below will help us share more information on the matter.
A New Token Fueling the Project’s Ecosystem
The first thing we need to understand about this project is that it will soon launch its native token. The token is fully ERC20 compliant and completely decentralized. There is a total supply of 11 million tokens, and the team promised it would never create more coins.
This limited supply will help ensure that the token’s value remains high, a common strategy in the crypto industry.
Interestingly, the team plans to generate hype by sharing a portion of all transaction fees with token holders. This is a great way to ensure that those who invest in the project get a reward for their support.
In addition, a portion of every transaction will also go to stakers. The more you stake, the more you earn, as we will explain in the dedicated section of this review.
Another way to use the Boui token is on the marketplace. Here, you will be able to purchase exclusive NFTs that you may use in a variety of ways.
The Team’s Future Expectations
The team’s future expectations are clear and concise. They have a well-thought-out roadmap that gives investors an idea of what to expect down the line.
This is a strong selling point for the project. Specifically, it aims to indicate that the team is serious about their plans and committed to seeing them through. The group has already released a secure environment for customers to test out trading NFTs.
Moreover, during the first stage, the group intends to launch an ILO to raise capital for creating the marketplace website. At this point, the team will be able to focus on making the platform more accessible to a broader audience.
The team’s second phase includes a marketplace where Boui NFTs are available for trading. Also, the group is organizing its first in-person event, providing individuals with a new option to engage with the initiative.
The ecosystem will substantially benefit the Boui people in the final stage through its staking system. This is fantastic news since it ensures that Boui token holders will gain financially from the network’s success.
Furthermore, the group will burn 25% of its total supply. Essentially, for every four tokens sold, one will disappear. This action aims to decrease the circulating supply of Boui tokens, increasing their value.
For Boui’s success, the third stage is crucial. If successful at this point, the platform has a chance to explode onto the NFT scene. In addition to the burning process, this might result in significant benefits for Boui token holders.
The team’s plan culminates with the launch of the Metaverse store. The goods sold in this digital shop will be NFTs only. Each NFT purchased in the shop will also come with a fully functional 3D version for usage in the Metaverse. This way, people can have a property in the virtual and real worlds. The founders anticipate reaching this stage in the year 2023.
The Importance of Real-World Integration
According to the team, real-world integration sets Boui apart from other NFT marketplaces. The project offers users the chance to purchase NFTs on multiple devices from the comfort of their own homes.
This team gives high importance to this project component. The founders wish to provide users with the ability to use and experience the product in the real world.
The fact that the team expects to organize community events in 2023, for example, is also a huge plus. This strategy may help to increase the project’s visibility and attract more users.
Crypto Staking Opportunity
Staking cryptocurrencies has become a popular way to earn a passive income. This practice requires little to no effort on the part of the investor. “Staking” means holding funds in a cryptocurrency wallet to support the operations of a blockchain network. By doing so, stakers receive newly minted tokens for their contribution to the network.
The concept of staking is not new, but it has only recently gained popularity in cryptocurrency. Boui is planning to leverage staking to reward its loyal and active users.
You may stake Boui tokens to earn a piece of every sales fee charged on transactions made on the marketplace. The more Boui tokens you stake, the more you stand to earn.
Staking also allows you to access exclusive NFT drops and events unavailable to most. This makes staking a very attractive proposition for those looking to get the most out of their investment in Boui.
Upcoming Marketplace Features
A fundamental part of the Boui ecosystem is its NFT marketplace. The platform allows users to buy, sell, and trade NFTs in a secure and regulated environment. The marketplace will feature a curated selection of NFTs from established and reputable vendors.
Furthermore, the system will provide physical storage for your collectibles. In addition, the marketplace will allow users to resell their NFTs. Finally, a Metaverse storefront will officially enter the project’s ecosystem in 2023.
The Boui ecosystem provides a unique and convenient way to invest in the burgeoning NFT market. The platform’s features make it an attractive option for experienced investors and those new to NFTs.
The Boui team is planning to launch its NFT marketplace in 2023. The platform will offer users a convenient and secure way to buy, sell, and trade NFTs. In addition, the marketplace will feature a curated selection of NFTs from established and reputable vendors. Finally, the system will provide physical storage for your collectibles.
According to the team, Boui has already confirmed interest from reputable vendors and manufacturers. This will bring new collaborations to the project’s marketplace.
The choice between “burn” or “Boui” gives users the freedom to choose how to use their NFTs. This aspect aims to reflect the team’s philosophy that “NFTs are for everyone.” The project’s website provides more information about the upcoming marketplace and the staking opportunity.
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