CHAIR is the world's first decentralized trading platform for utility NFTs. CHAIR tokenizes "rights and benefits" into NFTs and establishes a brand new NFT trading system to improve asset liquidity and economic efficiency.
Analysis on CHAIR’s Token Distribution and Appreciation Mechanism
As is known to all, a token system can provide the indispensable economic incentives to increase collaboration efficiency and bring prosperity to any large scale DeFi platform. In the previous article we have introduced the CHAIR platform, world's first decentralized exchange for utility NFTs. Today we will talk about its platform token - BNCH.
Why do we create Chair.Finance?
As we progress into 2021, the beat of the drum of cryptocurrency and the broader digital asset industry continues. It all started in 2008 when the pseudonymous Satoshi Nakamoto published a white paper outlining a digital currency, Bitcoin, underpinned by a new technology called blockchain. Now with over a decade’s development, blockchain seems to be near the dawn of widespread acceptance and adoption. Deloitte's 2020 Global Blockchain Survey showed that people's attitudes toward blockchain have obviously and measurably shifted in a positive way. Real-world blockchain solutions have been adopted and implemented across a variety of businesses and sectors. The hottest blockchain application scenario in recent months is the art auction sector with numerous record-breaking artworks and collectibles NFTs (Non-Fungible Token) sales. NFT might be the key to blockchain's mass adoption.