Non-fungible tokens are gradually dominating the digital financial sector as the data shows a total market cap of $ 26,793,451,648. Simply put, NFTs represent digital assets that reside on a blockchain network with unique properties or characteristics.
So Digible looks forward to hosting an asset marketplace where users can sell, auction, or buy physical cards within an ecosystem. Each physical card that merchants own is in the form of an NFT.
In addition, Digible has an NFT marketplace where merchants can sell or access a wide variety of NFTs without the need for a physical card.
Dealers in this ecosystem have the ability to buy and own collectibles while eliminating the need to physically hold those collectibles.
Security measures, DIGI token statistics and use cases
Security is in place as Digible stores a user’s physical card in DigiSafe, the platform’s security tool. By using DigiSafe, merchants can monitor the details of their valuable cards at all times.
$ DIGI is the native token that powers Digible’s market ecosystem. The native token has a total supply of 100 million with an allocation of 10 million to the founding team, 15 million for liquidity pools, marketing strategies for 10 million and another 7.5 million for rewards programs.
$ DIGI-Token is not active in any network. However, Digible plans to hold a presale round on April 22, 2021 at 15:00 UTC. The entry procedures are announced on the Medium website in order to gather a large number of participants.
Stakeout options are also available to users who wish to deploy their $ DIGI tokens. The mission idea is to create an ecosystem with incentives in which traders can secure the rewards generated by the Digible platform.
The $ DIGI token is also valid for the Yield Farming Venture as the DIGI / USDT pair allows users to add liquidity and get LP tokens on Uniswap.
The NFT marketplace network offers its users innovative features such as DigiGrade. With DigiGrade, dealers can analyze their digital maps and transfer them to the physical trading cards. The PSC solution, which is located near the DigiSafe service, ensures that each card is rated before it goes online in the ecosystem’s marketplace.
Digible merchants are also guaranteed the ability to fully control their valuable cards through the DigiTrack solution. Users can either save their physical cards on DigiSafe as mentioned earlier, or sell them after a while to maximize profits.
Each DigiTrack service takes a decentralized approach and users only need to log into their wallets using the NFT assets. A user’s NFT is burned immediately after the physical card is sold, eliminating the duplication problem.
We have already established that users can initiate an auction. However, it is only available to users who have an amount of 3000 DIGI. If it’s an NFT that’s on auction sale, Digible simply locks the digital asset as the auction progresses and takes care of all related transaction processes.
DigiDuel creates a competitive space where users can compete for specific NFTs in their wallets. A betting approach is used where a wager is placed on the NFT and a $ DIGI token amount.
The final step is for users to choose any preferred color. Traders with the winning color will receive the losing opponent’s NFT along with the $ DIGI bet amount. From the total bet amount, Digible reduces a fee of 1%, of which 0.3% is burned, while 0.7% of the fee is added to the stake pool.
Digible charges a 10% fee for all sales and auction processes in the market. Staking pools receive 5% of the transaction fees, while the remaining 5% cover the overall operation of the platform in order to become a sustainable ecosystem.
Minimum contribution: 0.1 ETH
Maximum contribution: 0.5 ETH
Total increase for advance sales: 300 ETH
Advance booking rate: 1 ETH = 81,666 DIGI
Uni Swap Listing Rate: 1 ETH = 65,500 DIGI
60% of the pre-sale (180 ETH) is used for liquidity and blocked for two years.
The sale is hosted through the website at www.digible.io. Further instructions are given on the day via the telegram and an announcement is made.
The DIGI token has a total supply of 100 million, which is distributed as follows:
• Marketing – 10 million
• Digestible team – 10 million
• Rewards for liquidity providers -7.5 million
• Liquidity in Digible Pools – 15 million
Team and Marketing Tokens will vest over a period of 24 months.
The data gives a glimpse of what we can expect from the Digible platform once their services go fully live. Please keep an eye out for the pre-sale of the DIGI token, which will go live on April 22nd at 15:00 UTC!