---
description: >-
  Contemporary way of repositioning the Non-Fungible Token (NFT) in an
  unprecedented method with the help of Fungible Tokens (FT)
---

# Abstract

ShoeFy is an [innovative decentralized platform](https://medium.com/@ShoeFy/shoefy-reshaping-the-nft-2a92db7c8277) that combines Non-Fungible and Fungible Tokens (FT). The ERC-721standard digital shoes will be referred to as sNFT and its ERC-20 standard Fungible Token as $SHOE. Users can gain exposure to the market by holding their unique digital sNFT empowered by FT $SHOE token, boosting the potential of a higher passive income through staking and farming rewards.

Users will have the opportunity to mint various classes of sNFT (common, rare, unique, epic, legendary and mythic) and resell them in the secondary market. In addition, the sNFT holder will also have the option to stake their assets in the ShoeFy staking pool or become a Liquidity Provider in the ShoeFy liquidity pools and earn additional incentives.
