APENFT is a blockchain-based ecosystem that aims to revolutionize the NFT (Non-Fungible Token) market by creating a transparent and fair platform for the creation, trading, and storage of digital art and collectibles. It operates on the TRON and Binance Smart Chain networks and features a unique governance model that allows users to have a say in the platform's future development. APENFT's ultimate goal is to become a one-stop-shop for NFT creators and collectors, providing a range of tools and services to help them make the most of this exciting new technology.
About $NFT token
The $NFT token from APENFT is a cryptocurrency that is ranked #236 on CoinMarketCap as of March 2023. It is currently listed on several exchanges and has a market cap of $120,838,677. The token has a circulating supply of 277,080,562,500,000 NFT and a max supply of 999,990,000,000,000.
How to buy $NFT with a payment card
1. Enter the amount of $NFT and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $NFT wallet
You are given the option to enter your $NFT wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $NFT with a credit and debit card.
Market Position and Adoption: The NFT Protocol, represented by its native token $NFT, is ranked #236 in terms of market capitalization and has been added to over 243,000 watchlists. The market cap of $NFT is currently at $120,838,677, with a 24-hour trading volume of $8,274,306. The token has gained 1.19% in value in the past 24 hours. $NFT has a maximum supply of 999,990,000,000,000 tokens, with 277,080,562,500,000 currently in circulation. The adoption of $NFT has been on the rise as the popularity of NFTs continues to grow, and the platform's user-friendly approach to NFT creation and trading may attract more users in the future.
Technology and Platform: $NFT is built on the Ethereum network and uses smart contracts to enable the creation, buying, and selling of NFTs. The platform aims to simplify the NFT creation process and provide a user-friendly marketplace for buyers to discover and purchase unique digital assets. $NFT has also introduced staking and liquidity provision mechanisms to incentivize users to contribute to the platform's growth and development. The platform has received audits from reputable firms such as CertiK and SlowMist, which may increase user trust and confidence in the platform's security.
Team: The team behind the NFT Protocol is led by CEO and co-founder Akash Aggarwal. The team includes experienced developers, designers, and advisors who have worked on other blockchain projects and have expertise in NFTs, smart contracts, and decentralized finance (DeFi). The team's experience and expertise in the blockchain industry may contribute to the success of the platform.
Competition: The NFT market is highly competitive, with several platforms offering similar services to the NFT Protocol. Platforms such as OpenSea, Rarible, and SuperRare have gained significant market share and user adoption. However, the NFT Protocol's user-friendly approach to NFT creation and trading may differentiate it from competitors and attract users who are new to the NFT market.
Supply: The maximum supply of $NFT is 999,990,000,000,000 tokens, with 277,080,562,500,000 currently in circulation. The circulating supply accounts for 28% of the total supply, indicating that there may be room for the platform to increase token circulation in the future. The supply of $NFT is fixed, and the platform does not have a mechanism for token burning or inflation, which may impact token value and scarcity.
1. Market risk: The value of the APENFT token is subject to market fluctuations and volatility, which could result in significant losses for investors.
2. Regulatory risk: The regulatory environment for cryptocurrencies and NFTs is constantly evolving, and changes in laws and regulations could negatively impact the value and adoption of the APENFT token.
3. Competition risk: The NFT market is becoming increasingly crowded, with new platforms and tokens entering the market regularly. APENFT will need to compete with these other platforms and tokens to remain relevant and gain market share.
4. Technology risk: Blockchain technology is still in its early stages, and there are risks associated with the security and stability of the technology. If the technology underlying the APENFT platform is compromised, it could result in a loss of user confidence and negatively impact the value of the token.
5. Adoption risk: The success of the APENFT platform and token is dependent on user adoption. If the platform fails to attract a significant user base, it could struggle to gain traction and remain viable.
6. Liquidity risk: The APENFT token is currently traded on a limited number of exchanges, which could impact its liquidity and ability to be easily bought and sold.
Potential market development triggers
Partnership and collaboration announcements: APENFT could partner with major NFT platforms, artists, or galleries to expand its reach and visibility in the market. These collaborations could also increase the adoption and use of the APENFT token.
Expansion into new markets: APENFT could expand its operations into new markets and regions, such as Asia or Europe. This could increase the user base and demand for the APENFT token.
Increased adoption and usage of NFTs: As more people become aware of and interested in NFTs, there could be increased demand for the APENFT token as a means of accessing and transacting in these unique digital assets.
Increased institutional investment: As the NFT market continues to grow and mature, more institutional investors could become interested in investing in this space. This could lead to increased demand for the APENFT token as a means of gaining exposure to the NFT market.
Improved user experience: APENFT could continue to improve and enhance the user experience on its platform, making it more intuitive and user-friendly. This could lead to increased user adoption and activity on the platform, which could in turn drive demand for the APENFT token.
Favorable regulatory developments: Positive regulatory developments, such as increased clarity and certainty around the legality of NFTs, could boost confidence in the market and lead to increased adoption and usage of the APENFT token.