EFUN’s First-ever iNFTs And How Dencentralized Liquidity Pool Works
GM EFUN’s community!
We’re super excited to announce that our iNFTs (Investment Non-fungible Token) are finally here on EFUN’s platform. Minting iNFTs at this early stage for the original prices allows you to gain greater profit from iNFTs in the future. So how do you know whether your iNFTs are making profit or not, and how to mint them? Keep reading to find out.
Decentralized liquidity pool and ELP
- EFUN’s decentralized liquidity pool is the collection of ELP (token) that is locked in a smart contract that provides liquidity to decentralized exchanges (prediction event pool, winner’s rewards, etc.). When these decentralized exchanges turn profitable, investors who invested in the decentralized liquidity pool will receive their share of the profit.
- ELP — EFUN Liquidity Pool is a platform token that defines the value of iNFT. For example, a Silver NFT represents 100 ELP tokens; if pool’s NAV is 1,000 EFUN then the asset value of Silver NFT is 100,000 EFUN (1,000 * 100).
iNFTs — EFUN’s first NFT Collection
iNFT (Investment Non-fungible Token) is a digital asset that defines the value of the holder’s investment in the Liquidity Pool.
Each iNFT will represent a certain amount of ELP tokens, and the value of an iNFT is determined by the ELP tokens represented and the current pool’s NAV*. If the NAV is higher during the investing period than it was when the iNFT was purchased, this means the investor is making a profit.
By owning iNFTs, investors are ensured of the security and safety of their investments in the liquidity pool.
EFUN’s NFT Marketplace
Holders/Investors may find the suitable iNFTs from EFUN’s NFT collection for their own choice of investment. The collection’s primary source of inspiration lies in the Master Black Card, which conveys a sense of wealth, identity and ultra-exclusivity due to the limited number of iNFTs.
iNFT Collection includes: Diamond NFTs, Platinum NFTs, Titan NFTs, Gold NFTs and Silver NFTs.
How can an user benefit from EFUN iNFTs?
iNFTs owners can benefit directly from the Liquidity Pool when holding the tokens. The value of ELP tokens will rise as liquidity steadily increases, which will ultimately benefit investors by increasing their returns. All transactions completed on the EFUN platform to participate in or host prediction games generate income for the liquidity pool, which can be tracked daily in the liquidity pool chart.
Besides profit from the Liquidity Pool, iNFTs owners are able to earn indirectly by exchanging the tokens on other NFT marketplaces (Open sea, Rarible, etc.).
Once an iNFT is permanently burned or destroyed, it will lower the total number of iNFTs in the collection, increasing the rarity and value of the remaining tokens. iNFTs holders/investors will also receive a series of benefits:
- Create events on EFUN for free
- Receive a share of profit from platform
- Join executive prediction events for iNFT holders only
- Join exclusive offline events hosted by EFUN
- Get whitelisted for the next investment round
How to own EFUN iNFTs?
iNFTs can be acquired through purchasing/minting.
To mint EFUN iNFTs, simply follow these steps (please ensure you have $EFUN and extra $BNB for gas fee):
- Go to https://efun.tech/.
- Connect your wallet to our dApp.
- Click Liquidity Pool on the top of the navigation bar.
- Choose MINT NFT & INVEST to view all the iNFTs available
- Find the iNFTs that you want to mint, then click SELECT TO MINT.
- Adjust the number of iNFTs then choose MINT NFT NOW. You can mint multiple iNFTs as long as there’s a sufficient amount of EFUN tokens in your wallet.
- Your collection will be able to add and view in your Wallet.
Note: Make sure you have read and agreed to the Term of Sales before making any decision to mint/buy an iNFT.
EFUN is the pioneer platform for games of predictions on Web3 and the Metaverse. EFUN token holders will have unprecedented chances to “Predict to Earn’’ through various predictive Events such as sports matches, elections, or metaverse games. In return, EFUN helps organizations to collect the opinions of the masses and enhance brand awareness. Powered by blockchain, EFUN’s mission is to make Games of Predictions not only fun and beneficial but also transparent and trustworthy.
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