SakeSwap becomes NFT's preferred liquidity platform, BSC deploys migration to prepare for the next journey
Throughout the continuous increase in the market value of NFT, from the origin of the crypto cat to the hot sale of NBA Top Shot, or the Twitter CEO's tweet NFT auction reaching 2.5 million US dollars, the market price of NFT is constantly refreshing, despite the continuous occurrence of every sky-high transaction. In the news, the frequency of such transactions is too slow compared to the current spot market and the derivatives market, which also leads to a fatal problem that NFTs cannot ignore—liquidity.
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Since the launch of ILO liquidity crowdfunding, SakeSwap has gradually become the preferred liquidity platform for NFT projects
SakeSwap.finance is a decentralized liquidity crowdfunding platform. Its ILO can easily solve the problems of high crowdfunding threshold, lack of liquidity, and high slippage in NFT projects. The projects built on the ecology of Ethereum and Polkadot can easily complete the establishment of crowdfunding and liquidity pools, and quickly develop from 0 to 1.
At present, SakeSwap has launched 3 NFT projects. Taking FOTO as an example, Unique.Photo is the first license-free decentralized photography NFT platform. The original token is FOTO. The concept is the same as Uniqu.one, aiming to serve photographers and collectors. Build a community platform. When it created ILO on SakeSwap for its first liquidity issuance, in just one minute, more than 100 users visited and completed FOTO ILO, and on BiKi, the centralized exchange that was launched for the first time, the opening rose Reached 411.11%.
SakeSwap ILO is fully capable of starting tasks for NFTs or any projects that lack liquidity. It abandons cumbersome issuance procedures, reduces its own costs, and improves project liquidity. In the co-construction of liquidity pools, the utilization rate of funds is reduced. To maximize the processing, whether for the project party or the user, the benefits are guaranteed and doubled at the same time.
Moreover, SakeSwap itself has inherent advantages for NFT projects. After the construction of the economic model of irreversible NFT, the platform has always been committed to the excavation of the liquidity of ecological projects.
BSC migration is imminent, the ecological value of SakeSwap opens a new chapter
At the same time, SakeSwap is the only DEX with slippage capture function on BSC. The deployment of the BSC testnet has been completed and the migration will be completed on March 24.
According to data from Debank, the daily activity data of the platform ranks 12th in the AMM DEX. In addition, the platform's basic pool is gradually expanding and a spring plowing plan has recently been launched to help projects increase liquidity and at the same time increase user liquidity mining revenue.
Driven by these favorable features, SakeSwap's governance token SAKE has a total market value of more than 30 million U.S. dollars. Since BiKi was launched in January 2021, the cumulative increase has reached a maximum of 2536.4%. SAKE allows liquidity providers and traders to continue to benefit from protocol development, which means that early adopters will become important stakeholders of SakeSwap.