$0.00809451
- Market CapN/A
- 24 Hour Trading Vol$1,135.637
- Fully Diluted Valuation$121,417.588
- Circulating SupplyN/A
- Total Supply15,000,000
- Max Supply15,000,000
- Drops Price$0.00809451
- Trading Volume$1,135.637
- Market Cap$0
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DeFi meets NFTs
Drops brings NFT assets into a broader DeFi environment using its own fractionalization protocol, dNFT.
Put simply, the dNFT protocol groups NFT assets together and turns them into tokens that represent ERC20. These capabilities can support multiple scenarios, such as loans and yield farming-two common DeFi paths typically associated with fungible assets.
Instead of leaving assets inactive, NFT owners can now take part in DeFi and generate returns without needing to sell their NFTs.
Through dNFT, Drops users will be able to:
Get instant access to liquidityFractionalize NFT assets while keeping ownershipAccess trustless NFT loansGenerate yield using NFT vaults.HOW IT WORKS
STAKE NFT AND EARN DPOINTS
Use your NFT in vaults to earn dPoints, which act as coupons for shopping on the platform.PARTICIPATE IN DROPS ARTWORK RAFFLES
Buy a ticket and try your luck at winning the rarest piece from the collection.GET CASHBACK REWARDS
Each purchase may provide up to 5% cashback in DROP tokens.The DOP token
As the official utility token for the Drops ecosystem, DOP will be used as the main payment option for buying and selling NFTs on the platform. It will also play a role in a hybrid governance system alongside the original Node Runners token (NDR).
Additionally, DOP will be used to distribute liquidity mining rewards and cashback rewards for purchases made on Drops. By staking these DOP tokens, users can earn dPoints-non-transferrable coupons redeemable for NFT purchases on the platform.
Lastly, DOP is planned for future Drops functionality and promotions, including involvement in NFT raffles.
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