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Chair.Finance - the world's first equity NFT decentralized trading platform
INSIGHT区块
特邀专栏作者
2021-09-18 02:52
This article is about 3875 words, reading the full article takes about 6 minutes
Chair.finance is the first platform to propose the NFT of equity, and it is also the world's first decentralized trading platform for NFT of equity.

On September 17, 2021, Adriel, the founder and CEO of Chair.Finance, visited the INSIGHT community to participate in the AMA event. He introduced and answered questions from community members in detail. The following is the text of this AMA.

AMA highlight recap

Snow: Hello everyone, I am snow, the host of this AMA! We are very pleased to invite Adriel, CEO and co-founder of Chair.Finance, to share with you!

Snow: The AMA has officially started, please give a brief introduction to the project.

Adriel: Of course, Chair.finance is the first platform to propose equity NFT, and it is also the world's first equity NFT decentralized trading platform. As we all know, the existing NFT is mostly used as the carrier of artworks, games, etc., but NFT is the connection channel between the blockchain and the real world. If it is only used as a carrier of artworks, games, etc., it is too narrow.

The value of NFT has been verified and will be more valuable in the future, so the types of NFT need to be greatly expanded. More than 90% of equity assets need to be chained with the help of NFT, such as financial assets, digital identities, and digital rights Wait, this is the future NFT2.0, and we at Chair.finance are working on solving this part of the problem and promoting the arrival of NFT2.0.

Snow: Please briefly introduce the background of the CHAIR team.

Adriel: The core members of Chair.Finance are mainly from Singapore and built by a strong team of blockchain technology experts. The team members are experienced but also very dynamic and innovative. Everyone can express their views freely at work, and our goals are very consistent so that we can always maintain close cooperation.


Snow: What are the "killer features" of CHAIR? Can you introduce your core functions and vision?

Adriel: I believe everyone knows about NFT auctions, but Chair’s original auction mining based on NFT auctions is worth playing. Let me give you an example. When an NFT is listed on the auction platform, all users who participate in the auction are actually contributors because they provide the popularity and traffic of the NFT. If ten people participate in the auction, the last user with the highest bid will get This NFT, so the other nine just participated in a lonely? It may be on other platforms, but of course not on Chair. For each auctioned NFT, a certain percentage of dividend rate will be set when it is put on the shelves, which means that a part of the final transaction price needs to be distributed to those users who did not win the bid. Not only that, these 10 users will also participate in the auction according to the auction time and bid ratio. The weight of is rewarded by auction mining.

To put it simply, as long as users participate in the Chair auction now, they can get the equivalent of double rewards. All participating users can get auction mining rewards, and users who participate in the auction but do not win the bid get auction dividends. The highlight of this method is not only the astonishing amount of locked positions, but also several times or even dozens of times the transaction price~ which is conducive to the rise of currency prices. The higher the ratio, the earlier the bidding time, and the greater the reward dividend, which is white prostitution for users.

At present, a number of project parties have reached cooperation with Chair, including Polygon ecological 100+ project parties will gradually launch an auction plan to promote and expose NFT rights in Chair. And once the cooperative project becomes Chair's whitelist project, it can issue NFT auctions on Chair, with special support for auction mining rewards, to ensure that the released NFTs are quickly auctioned.

Snow: The current NFT has established a dominant position in the field of art and games. What role do you think Chair will play in the future NFT field? Can you introduce in detail the NFT 2.0 era you mentioned above?
Adriel: We all know that NFT is the first to enter the field of art and games, but it actually represents the NFT 1.0 era. But in the future, artworks, games and other futures are only a small part of the NFT mass application market. In the future, NFT will fully penetrate into financial assets, digital identities, digital bills and other equity assets. We can call it NFT2 at this stage .0.

Chair, as the pioneer of NFT2.0, connected the value of NFT with equity for the first time. The owner of equity is each of us. Anyone in Chair can share their own equity (such as dinner equity, KOL Article rights, houses, stock rights, etc.) are cast into NFT, which enriches the types of NFT infinitely, and then participates in transactions and auctions, lowers the threshold for NTF equity, and improves the frequency and liquidity of NFT transactions. This is the NFT2.0 advocated by Chair.

Snow: What token distribution mechanism does CHAIR adopt? Where is the value of $BNCH as the governance token of CHAIR?

Adriel: BNCH is the equity Token of the Chair platform, with a total issuance of 70 million pieces, of which 5% are issued to early supporters of the project, 8% are used for INO, the development team holds 10%, 50% are used for mining, 12 % is used for future planning and risk reserves, and 15% is used for community ecological construction. The entire lock-up mechanism is very strict, and the team lock-up can reach up to three and a half years. The number of tokens circulating in the early market is very scarce, only 5%.

However, BNCH has a very wide range of uses. BNCH is required for casting, trading, and auctions on the platform. It is also inseparable from BNCH in the planning of each stage of Chair and in various gameplays in the sector, so the value of BNCH should be considerable. In addition, holding BNCH can also deeply participate in the future development and governance of the Chair platform, and share the development achievements of the Chair platform.

Snow: What is the future development goal of CHAIR? What strategic plans do you have in place to achieve its goals?

Adriel: The development goal of Chair is to create the entrance of the Metaverse. In the future, there will be a perfect combination of Chair and Metaverse. To this end, we have formulated a very detailed project roadmap, and are gradually implementing it according to the roadmap.

At this stage, Chair has entered the third timetable of the first phase. At the beginning of August, Chair officially obtained the Polygon Grant support plan and ecological support, and will invite Polygon ecological 100+ project parties to join the Chair traffic ecology, and launch the NFT auction plan for publicity and exposure rights . In just one month, more than ten ecological projects including Polygon, Pacific, LeekDAO, ONTO Wallet, GameDAO, Apron Network, MyTrade, StarryNift, Uptick, and Standard were the first to launch the Chair auction.

In the second stage, Chair will officially launch the BYP plan, realize galaxy auction, Odaily construction, user settlement, open the game section, and start interstellar energy mining. Complete the overall construction of the project ecology and pave the way for the creation of the metaverse entrance.

With the maturity of cross-chain technology, the third phase of the project officially began to build the metaverse entrance, realizing that one address can play all DeFi Dapps on the Chair Dapp, and get rid of the problem of entering and exiting multiple Dapp entrances.

Snow: In the token distribution mechanism, we mentioned that INO will account for 8%. INO is quite new, can you introduce it in detail?

Adriel: The full name of INO is Initial NFT Offering. You are right to say that it is new, because it is indeed the first of its kind. Its biggest feature is that it can perfectly solve the contradiction between locked positions and rising currency prices but no currency to sell. To put it simply, INO can directly convert the original lock-up share into NFT.

At present, the first subscription of Chair INO has been opened. Each INO is 5000USDT, including 7000 Chair platform coins (each unit price is about 0.71USDT.), platform airdrop priority, community voting rights and other five rights and interests. In the IDO at the end of last month, the average price of BNCH tokens has exceeded 4USDT, and the team said that the team will never unlock it if it is less than 17USDT.

Everyone knows that most blockchain projects have a lock-up mechanism. The biggest advantage of lock-up is that the small amount of coins released in the early stage can support the rise of currency prices, but at the same time, due to the rapid changes in the blockchain market, investment Investors hope to sell more coins at the high point of the currency price, but it is difficult to do so due to the limited unlocking part. Now, users who successfully participate in Chair INO can directly get an NFT of equity. This equity NFT asset package is actually "zero lock-up", because the part of Chair INO is unlocked in 6 times and 5 quarters, only 5% will be released online, and the other 95% will be released in batches of 5 quarters, which can It is guaranteed that the amount of coins released in the early stage is very small, and the price of the coins is very predictable. If the currency price increases by 20 times at this time, the user only needs to sell 5% of the unlocked position to get back the cost, and the remaining 95% of the locked position belongs to an equity NFT. At this time, the user can choose to continue to hold and wait for the unlocking This NFT is traded through the Chair platform.

After obtaining this equity NFT, users participating in Chair INO have the right to set the price and 2% minting tax according to their own wishes to trade this equity NFT through the Chair platform, so that this equity NFT will be minted in every subsequent transaction Anyone (INO user) can get 2% of the transaction amount. No matter how many times it changes hands and on what platform it changes hands. This means that if the assets contained in this equity NFT increase by 5 times, then each transaction minter (INO user) will generate a return of 10% of the total investment, that is to say, in the next 5 quarters (15 months) During the period of time, every time this equity NFT changes hands, INO users will have an additional income automatically credited to the account with the help of smart contracts. In this way, users who participate in INO have a way of continuous income.

The Chair INO gameplay gives participating users the greatest choice and liquidity, which is unique in the entire blockchain industry, not only limited to Chairs, but the INO gameplay is also applicable to the large ecological applications of the entire blockchain in the future.

Snow: Thanks Adriel for the great sharing! Welcome everyone to follow Chair.Finance for more information!

At present, if you apply to join the Chinese QQ community of Chair.Finance, you can also receive airdrops. Welcome to scan the code to join~

【Chair.Finance Project Information】

- Website: https://www.chair.finance/

- Instagram: https://www.instagram.com/chair.finance0/

- Twitter: https://twitter.com/Chair_Finance

- Telegram: https://t.me/CHAIR_Chat

- Youtube: https://www.youtube.com/channel/UCt_wP3vWYt7ocRdrhfVzRUA?app=desktop

【Chair.Finance Media Homepage】

- Odaily homepage: https://www.odaily.com/user/2147500180

- ChainNews Homepage: https://www.chainnews.com/u/416133861190.htm

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