MetaTrads, BNB of the NFT trading circuit
With the rise of the concept of the metaverse, NFT (Non-Fungible Token) has also become a popular object, with the emergence of sky-high transactions that breakthrough real-world public perception. Obviously, NFT has become the hottest investment direction at the moment, but the trading platform of NFT still faces many difficulties.
The biggest problem is the low liquidity of NFT. When it comes to the existing NFT trading platform, Opensea is the dominant one. However, according to the data survey, only 60,000-70,000 NFT have been successfully sold out of Opensea’s daily sales of over $100 million, causing concern about the liquidity of NFT in the secondary market.
The MetaTrads development team understands the current NFT trading dilemma and innovates within the existing NFT trading model. There are two main operation modes of NFT trading platform in the market:
The first, represented by Opensea, is a mode of operation without platform tokens. Obviously, the trading platform without platform tokens violates the spirit of WEB 3.0 and is not conducive to the development of NFT ecosystem. Sooner or later, it will be replaced by rival products.
The second, represented by Looksrare and X2Y2, only rewards platform tokens. As a result, the platform relies too much on the platform tokens. Once the platform tokens price falls, there will be no one to trade, and then the platform will be unable to raise the price of the currency, and the currency price will continue to plunge, falling into a vicious circle of a death spiral.
Different from the above two modes, MetaTrads adopts the dual reward mechanism of trade mining, MT token and USDT reward. Under such a dual reward mechanism, on the one hand, users can get part of the stable USDT income, and will not lose their income or even lose their money due to the change of the platform tokens. On the other hand: Although MT is a reflection of the value of MetaTrads, it is not tied to the platform as much as other exchanges. Users who are optimistic about the platform can hold MT to rise and gain higher profits. Even those who are not good users do not prevent from participating in the platform trade mining and earning steady USDT. In addition, MetaTrads repurchases MT through a 30% USDT trading fee, reasonable locking position release mechanism of MT, diversified application scenarios and burning mechanism, etc., promoting the rise of MT value, so that platform participants really get lasting and valuable mining reward — platform equity tokens MT. Thus, MT really reflect market expectations on the development of the platform, as long as the currency to maintain good, platform trading volumes will increase, the user earnings increase, benign loop, the platform can better development, so MT value represent the rights and interests of platform development currency will rise, and participate in early loyal users also can get special benefits.
In terms of the economic model, the platform maintains the value of MT tokens in three ways.
First, the platform injects 30% of the USDT from trading fees into a liquid pool to repurchase MT tokens, so that the more transactions, the more MT tokens are bought back. On the other hand, the supply of MT to the market does not grow infinitely, but slowly inflates, since the trading of MT tokens from mining is locked up according to the rules. Therefore, the supply of MT tokens in circulation on the market is likely to exceed the demand, and the amount of MT in circulation on the market will be in a deflationary state, so that the price of MT will not fluctuate violently due to the change of trading volume, so as to ensure the stable rise of the currency price. As a result, the value of MT tokens is positively correlated with the volume of transactions on the platform, rising as the volume of transactions increases.
The value of MT is not only based on reasonable underlying economic logic, but also on the ecosystem support of MetaTrads. MT can be used to pay NFT synthesis fees, participate in the stake of LP dividends, DAO voting, etc., and even directly purchase NFT and counter purchase platform trading fees in the future, enabling the diversification of MetaTrads platform equity tokens MT application scenarios.
Finally, token burning is one of the most direct ways to reduce circulation. According to the official introduction, all MT consumed by NFT synthesis and 1% of MT trading slippage will be burned, which will further promote the healthy development of micro inflation in MT circulation.
In addition to creating a natural growth logic for MT, the Metatreds platform also has a number of ingenious ways to stabilize the price of tokens and prevent speculators from overbuying, making it the premier trading platform for NFT in the future.
The Book of Changes says: “Poverty leads to change, change leads to success, and general rule lasts for a long time.” It’s the survival of the fittest. The world of tokens is ever-changing. To keep up with the pace of the future, we should not stick to the old, not be too conformist, but dare to innovate and be flexible. The MetaTreds development team is also committed to this. Perhaps, in the near future, only the MetaTreds will be seen in the spotlight of the NFT trading platform racetrack. Just like Binance (BSC) five years ago, the pattern has already decided the height. Those who bet against the value of BNB, the platform tokens, regret it today. Now a similar opportunity arises, and guess what, will they miss it again?