Here are some tentative dates for our upcoming goals and benchmarks at Pawn My NFT.
ADVERTISING + UPVOTES | 11–15–2021
Advertising Platform combined with public upvote rankings will allow NFT projects to advertise their project and direct their community to upvote their projects.
Really excited for this. Our marketing team is starting to reach out to different artists, NFT spaces, and NFT projects (old and new) to offer them some space on our website and platform. Naturally these projects will direct their communities to our site to upvote the project, putting more users into the Pawn My NFT ecosystem before future rollouts.
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ETH BRIDGE | 12–03–2021
ETH-Bridge will allow Multi-Chain Purchases of $PNFT Tokens.
In less than a month we will have $PNFT tokens available for purchase through Ethereum blockchain. The first NFTs that will be eligible for pawn/lending will be ETH NFT’s. What better way to roll out the red carpet than on a bridge?
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RARITY TOOLS | 12–06–2021
Rarity Tools will allow projects to submit metadata and give NFT Holders the ability to check the rarity of their NFTs.
To prepare users for the platform going live we will have Rarity Tools and checkers on the website. We will collaborate with projects to have them submit metadata for their projects as well as put APIs in place for floor price checks. We will put the tools in the hands of the collectors and traders to allow everyone to make smart decisions and understand the risks and benefits.
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NFT LENDING PLATFORM | 12–26–2021
Our peer-to-peer platform Will allow NFT holders to leverage multi-chain NFT’S while allowing liquidity lenders to gain % on that liquidity.
For a small listing fee you can put your NFT up for lending and another user can offer you a loan on your NFT based on it’s value. Pawn My NFT will start with P2P Functionality for Ethereum Blockchain
For example User A has a ‘Bored Ape’ worth about 33 ETH and he lists that he is accepting loan offers on it, User B decides to offer 15 ETH for 7 days with 5% interest.
User C also decides to make an offer but that offer is for 20 ETH for 4 days with 8% interest.
User A decides to go with User C’s offer because he is offering more liquidity (a bigger loan) albeit at a higher interest rate. User B is now out of the picture.
User A connects his wallet, accepts the offer, and sends his Bored Ape non-fungible token to the Pawn My NFT Smart Contract
User C also connects his wallet, accepts the offer and sends the 20 ETH loan to the Pawn My NFT Smart Contract
The Smart Contract delivers the 20 ETH loan to User A and generates an NFT for both users that acts as proof of transaction. After the agreed upon four (4) day loan period, two things can happen.
If User A pays back the 20 ETH loan plus 8% before the grace period ends, his Bored Ape NFT gets released from the Pawn My NFT Smart Contract and goes back to his wallet and the 20 ETH + 8% interest repayment goes to User C’s wallet.
If User A cannot pay back the loan, the Smart Contract will unlock his Bored Ape NFT and User C will be allowed to claim it after the grace period ends.
2022 will bring Instant Offers, multichain lending, use of $PNFT tokens for fees and payments and more!
Join us at: t.me/pawnmynftannouncements + t.me/pawnmynft
