swayShoefy
ShoeFy is an innovative decentralized platform that combines Non-Fungible and Fungible Tokens (FT). The ERC-721standard digital shoes will be referred to as sNFT and its ERC-20 standard Fungible Token as $SHOE. Users can gain exposure to the market by holding their unique digital sNFT empowered by FT $SHOE token, boosting the potential of a higher passive income through staking and farming rewards.
Token Utility:
Staking sNFTs: Users can stake their ShoeFy NFTs (sNFTs) to earn $SHOE tokens.
Conventional Staking: $SHOE tokens can be staked in the $SHOE pool to earn more $SHOE tokens.
Liquidity Provision: Users can provide liquidity to the $SHOE/sNFT pair and receive sLP tokens, which can then be staked to earn $SHOE tokens.
Profit-Sharing: Staked sNFT/$SHOE holders earn a share of transaction fees and NFT minting fees.
Royalties: The first buyer of an sNFT in the secondary market receives royalties every time the sNFT is sold again.
Governance: $SHOE token holders can participate in ShoeFy governance and receive additional $SHOE incentives.
Farming: $SHOE tokens and sNFTs can be used as liquidity in the ShoeFy Vault to farm unique sNFTs
Website: https://www.shoefy.io/
Twitter: https://twitter.com/ShoeFyio
Telegram: https://t.me/ShoeFy_Official
Whitepaper: https://shoefy.gitbook.io/shoefy/overview
Positive Notes:
– Investors, gate.io, AU21 Capital, DuckDAO
– Innovative Integration: Combines NFTs with DeFi for added utility.
– Passive Income: Opportunities to earn passive income through staking and farming.
– Unique sNFTs: Algorithmically generated sNFTs provide uniqueness and collectability.
– Profit-Sharing Model: Rewards users with a share of transaction and minting fees.
– Governance Participation: Allows token holders to influence the platform’s direction.
– Liquidity Rewards: Offers liquidity providers with unique rewards.
Negative Notes:
– IDO price $0.4 down 99%
– Last twitter post is January 2024
– very low trading volume
– only down since launch
– No info about team in website and google
I think the team sell their tokens on this project, they are good in marketing since they get gate.io as an investor, but ever since the launch the token price goes down and its 99% down from IDO.
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