The NFT space has been booming in recent months, but product innovation has become stagnant now. So ShoeFy is here to take the giant leap forward into the future of NFT and lead the way.
Interchangeable value for NFT and FT in a single platform
The current markets of NFTs are limited to buying, holding, and selling. ShoeFy monetizes the sNFTs used in tools such as farming and staking in the platform. In addition, ShoeFy is a platform where NFTs and FTs will have value interchangeability. With the sNFT/$SHOE liquidity pools in the platform, users can instantly swap their sNFTs for $SHOE and vice versa. The ability to easily swap sNFTs for $SHOE enhances the sNFTs liquidity with the help of the $SHOE token.
Users can stake their sNFTs and earn rewards in $SHOE. $SHOE tokens can be staked to farm different categories of sNFTs from common-mythic shoes. Users can also take part in the liquidity pools and earn $SHOE tokens. The rewards received can be staked again into the pools in a cycle, compounding and generating passive income for the users.
A limited number of booster bNFTs will be minted for sale. These boosters give the sLP and LP token the ability to multiply their yield performance depending on the category of booster they purchased. For example, holding a 2x booster with an LP token will let the user harvest twice as many rewards as a standard LP token can earn.
ShoeFy's platform is designed with great care to bring up the best of its utility features in the simplest form. With the pleasant user interface, any beginner with the basic knowledge of NFT and Defi can easily navigate through the tools and features in the platform.