ShoeFy is a decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is an advanced NFT project that uses cutting-edge DeFi tools to maximize profits. ShoeFy can enhance the potential of NFTs by incorporating farming and staking to generate passive income.
ShoeFy will introduce two tokens: $SHOE (ERC-20), the native Fungible Token, and sNFTs (ERC-721), which are randomly generated on the blockchain. Each NFT represents a unique digital shoe programmed through algorithms on the platform.
Users can stake their sNFTs on the platform to earn passive income in the form of $SHOE tokens. Additionally, ShoeFy offers NFT farming where users can stake their $SHOE tokens to farm different categories of sNFTs. To address NFT liquidity issues, ShoeFy introduces an ERC-20/ERC-721 liquidity pair, allowing traders to easily swap their sNFTs for $SHOE tokens and vice versa.
The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts from Europe, Canada, South Korea, and Thailand.
ShoeFy has a long-term vision to innovate and adapt over time. It plans to expand into various ecosystems such as Gaming and Collectibles and establish a presence in the metaverse with unique digital shoes. Future plans also include partnering with reputable fashion brands to expand into different merchandise categories.
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