Leading web3 fintech firm NFT Finance (NFTFN) recently concluded the first round of its presale. Everyone from retail traders to crypto whales quickly scooped up 10 million NFTFN tokens priced at $0.025 each, raising $250,000 for this innovative project.
All eyes are now on the second stage of NFTFN’s widely anticipated presale, where 25 million tokens are up for grabs at just $0.030 apiece. As per crypto pundits, the second stage will overtake the initial stage of the presale, and sell out in record time.
Decoding NFTFN’s Popularity
NFTFN offers innovative solutions for the challenges that currently plague the non-fungible token (NFT) market, including expensive entry barriers and lack of liquidity. SuperNova (SNV), NFTFN’s flagship product, provides exposure to highly coveted blue chip NFT collections like BAYC, MAYC, Azuki, CloneX and Doodles, without requiring users to own the NFTs themselves.
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The revolutionary SNV trading platform offers sophisticated financial instruments, including an NFT floor price index. This allows traders to take long or short positions based on the floor price of premium NFT collections. Users can get started on SNV with as little as $10, and utilize up to 10x leverage.
Growth Potential
Early investors who participated in NFTFN’s initial round of presale, have already made a 20% return on paper. However, the price of NFTFN is poised to surge further this year, thanks to the bullish momentum and an overall positive sentiment in the crypto market.
In the second stage of its presale, NFTFN is looking to raise $750k. Investors who participate in this presale round have the chance to align themselves with a rapidly growing NFT sector, which is projected to reach a market capitalization of a whopping $230 billion by the end of the decade.
Tokenomics and Partnerships
NFTFN has already raised $500k from an impressive list of investors that includes Polygon, Sigurd Ventures, Alpha Wave Global and Chingari. The project also boasts strategic partnerships with industry leaders like OpenSea and BitsCrunch (Pricing Partners), Polygon and Binance Smart Chain (Blockchain Partners), Google Cloud Platform (Cloud Partner) and WOW Earn (Wallet Partner).
As for its tokenomics model, the team behind NFTFN has given top priority to the long-term stability of their token. To that end, only 20.3% of the supply has been allocated for public sale in an effort to restrict short-term volatility and control the circulating supply. Additionally, 5% of the supply has been allocated to liquidity provisioning.
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