The INO model and its derivative ecology of NFTBomb
NFT is a non-homogeneous token which is unique in the blockchain, and its characteristics allow it to be associated with unique collectibles. In essence, any commodity has its financial attributes, for example, an apple, it begins financial life when they were picked from farmers, but it only has commodity value. Then how to make a collectible and expensive asset circulate quickly in the market? What kind of derivative ecology will NFT create?
INO Model of NFTBomb
NFTBomb’s INO model is to fragment each expensive NFT asset. And the process of it is an auction process. First, the ratio of ETH to shards is fixed while the total number of ETH is not fixed. Users inject ETH into the contract to exchange for fragments. Users can inject NFT assets when they think the price is appropriate, then the entire auction process is completed, as well as the NFT assets fragmentation. This fragment is called Ki, which can circulate in the secondary market, it also can be combined into NFT assets again through purchase and vote.
NFT assets → fragmentation → Ki → secondary market circulation → buyout → repurchase + voting → NFT assets
NFTBomb’s INO model breaks the current auction model based on individuals in the market. Anyone can participate in the auction with a small amount of funds, and determine the auction price based on the total amount of ETH. The model lowers the threshold for ordinary investors to participate and improved the circulation attributes of collectibles, making it easier to monetize collectibles.
KiDEX-Ki circulation exchange of NFT
The trading and monetizing of NFT assets are all in the form of auctions in the current market, however, the price of collectibles is very high and monetizing process is slow, so it is difficult for ordinary investors to participate. his is why Doge and shib’s gain will increase so much this year, one reason is the cheap price gives people a desire to invest in small and get more profit, and the second is the rapid circulation in the secondary market.
After the NFT asset carried INO, its attributes become homogenized and can be circulated on any exchange and DEX. The decentralized exchange Kidex launched by NFTBomb was created based on the transaction attributes derived from its NFT assets after INO. After purchasing the fragmented Ki, users can choose to trade directly in the secondary market, which greatly enhances the financial attributes of NFT assets and makes the value of the original NFT assets more market-oriented so that ordinary investors can make a profit by trading at a proper price. KiDEX is a Ki exchange for the fragmentation of NFT assets.
DEFI Lending of NFT
Traditional collectibles mortgage lending needs to rely on third parties and banks while NFT’s lending does not. Thanks to the improvement of DEFI infrastructure, NFT assets can be used perfectly in the DEFI lending field and NFTBomb combines its own NFT trading section and market needs to launch a new NFT pledge lending Function, which is in the way of over-collateralization based on the price of INO and no longer depends on a third party, so the lender is no longer a bank, and any user can lend money to obtain interest income. The current market’s DEFI lending platforms Compound and MakerDAO have locked funds up to US$17 billion and most of these are collateralized ETH and BTC, while NFT maps physical assets with more stable value and lower probability of liquidation. And in order to protect the interests of both borrowers and lenders, NFTBomb has introduced third-party insurance and customized a reasonable insurance policy for it.
In the Hunting section of NFTBomb, NFTBomb will focus on NFT works with high market popularity. At present, NFTBomb has reached cooperation with multiple IPs, which will create their own NFT works and carry INO, but INO is not overly dependent on IP due to itself is a decentralized NFT auction process. Each user can recommend and vote for popular NFT works, and then directly conduct INO on NFTBomb. After the INO is over, it can be circulated on KiDEX. The Hunting section of NFTBomb is to find a channel for valuable NFT works in the market, where every user can participate, and is recognized by the market and delivers value.
NFTBomb pioneered the auction model of NFT works, lowered the threshold for participation, and circulated in the secondary market in the way of Ki, making NFT works easier to monetise and marketized, and derived new financial attributes of NFT works to combine with DEFI lending, so that promoted the entire NFT ecological model.
NFTBomb is a decentralized one-stop NFT service.