Price
$15.68
12/7/2022, 10:53:56 PM
diamondHands

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NFTX can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$9.6M

Volume (24h)

$16,441.17

Circulating supply

606.7K NFTX

All time high

$486.83

Price change (1h)

+1.08%

Price change (24h)

-2.69%

Price change (7d)

+3.47%

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NFTX is on the rise this week.

The price of NFTX has risen by 3.47% in the past 7 days. The price declined by 2.69% in the last 24 hours. In just the past hour, the price grew by 1.08%. The current price is $15.68 per NFTX. NFTX is 96.78% below the all time high of $486.83.

The current circulating supply is 606,672.133 NFTX.

About

What Is Nftx (NFTX)?

NFTX is a cryptocurrency platform for minting or creating fungible ERC20 tokens by staking their illiquid NFT tokens. These ERC 20 tokens are called vault tokens, and they are fungible and composable. 

According to the whitepaper, NFTX's mission is to be the primary issuer of NFT vault tokens, enabling anyone to trade in NFT markets. And, the trading doesn't require a deep understanding of the underlying theory they need to acquire when funding individuals' assets. As a result, NFTX functions as a black hole for NFT assets. Based on Ethereum, the Blackhole protocol aims to be a cross-chain burning platform that does not require approval.

NFTX tokens are governance tokens that allow users to vote on proposals and steer the organization's direction. NFTX vaults enable users to store NFTs and create fungible ERC20 tokens (vTokens) that represent claims on a random asset within the vault. In addition, vTokens can be used to redeem a specific NFT from an exchange.

Benefits of the Nftx project seek to include the following:

  • Token yield rewards for LPs and stake-minted vTokens

  • NFT projects are better distributed and priced

  • To instantly sell any NFT, mint it as an ERC20 and swap it with Sushiswap

  • Liquidity for NFT traders and speculators

The NFTX protocol seeks to enable content creators to earn protocol fees in perpetuity as well as improve reach and fairness of distribution:

  • Profit from protocol fees.

  • Use an AMM (automated market maker) to distribute NFTs in vToken form. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.

  • Markets for new content are instantly liquid.

Users aim to gain fees from taking part in the protocol fees. At the moment, 100% of protocol fees are paid out to those who stake. XPUNK holders receive an ERC20 "xToken" that represents a claim on the underlying staked SLP. 

History of Nftx (NFTX)

The NFTX has a maximum total supply of 650,000 NFTX tokens.

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FAQ

What is the current price of NFTX?

The price of 1 NFTX currently costs $15.68.

What is the market cap of NFTX?

The current market cap of NFTX is $9.57M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of NFTX?

The all-time high of NFTX is $486.83. This all-time high is highest price paid for NFTX since it was launched.

What is the 24 hour trading volume of NFTX?

Over the last 24 hours, the trading volume of NFTX is $16.44K.

What other assets are similar to NFTX?

Assets that have a similar market cap to NFTX include KOK, ERC20, Vertcoin, and many others. To see a full list, see our comparable market cap assets.

How many NFTX are there?

The current circulating supply of NFTX is 607 thousand.