What Is Nafty (NAFTY)?

Nafty (NAFTY) is the next-generation token of the adult industry, designed to empower content creators and reward content consumers across the Nafty Network - a social 360° adult entertainment ecosystem for the blockchain era. The website states that the token has been designed to cater to the three significant problems in the adult industry, which include the following:

• Middlemen -The Nafty token seeks to come with a solution to cut all the extra fees taken away by the mediators, including producers, agencies, and platforms. Consequently, it aims to offer creators incentives to produce the content.

• Payment Solutions -Since the majority of payment solutions prohibit the adult business, others take advantage of this weakness to charge huge fees from creators. Thus, Nafty aims to leverage blockchain technology and token to reduce those prices.

• Marketing -There are many social media websites or other traffic-making sources where adult content and their promotions are banned. Thus, to help this issue, the Nafty platform aims to provide marketing solutions to the creators, thereby growing their community altogether.

As per the whitepaper, the token represented as NAFTY is the native cryptocurrency of the platform.The NAFTY token is a deflationary token built on the Binance Smart Chain (BSC). Deflationary tokens are created to decrease in supply over time, thereby increasing the value of the token. NAFTY tokens aimed to be utilized to promote the desired content and interact with the creator without spending any transaction fees on Nafty's multiple networks.

Additionally, the Nafty has social redistribution protocols that aim to benefit token holders by rewarding them whenever any transaction is processed across the network. Other utilities of the token seek to include allowing passive income from the transaction fees, tipping the creators, trading NFTs, and more.

History of Nafty (NAFTY)

The Nafty (NAFTY) token was launched in Q1 of 2021. The whitepaper was also published in the same quarter. The token's maximum total supply is 100 billion. The Nafty team consists of professional and experienced executives in the adult industry, crypto, and technology. The CEO of the platform is Robert Kemenyfi. Other team members include Franz Fischbach (CTO), Georgi Dimitrov (CMO), Ahata Lindy (CBO), and more.