We are pleased to announce our next AMA on June 2nd, 2022 at 01:00 PM UTC Time: Satoshi Club x NFTuloan
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join NFTuloan Telegram channel
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NFTuloan Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about NFTuloan
For more details:
NFTuloan Website – nftuloan.com
NFTuloan Telegram – @nftuloan
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I noted that NFTuloan has the ambition to empower the NFT community that believed in the NFT era at early stages and help individuals grow their portfolio., but what actually caught my attention was the fact that you stated that, If we need funds to purchase more NFTs, NFTuloan is the right place for us. In this Scenario, Can you please provide adequate information regarding The Processes of Collecting a loan from your platform to invest? Would there be any form of Collateral before being able to Apply for a loan? How is your Return Policy like? And is there a maximum amount of Loan a user can collect from your platform at a time? Thank you
Understanding that NFTuloan is a transparent marketplace for collateralized NFT liquidity, where Borrowers can put up assets as collateral for a liquidity, and stakers can stake in exchange for interest., i would like to know have more details regarding liquidity provisions. Since it was stated that we have to load our NFTs and choose the one we want to borrow against. In these case, can you tell us about the kinds of NFTs your platform supports in terms of Values for providing liquidity? And does this mean that The NFTs we are loading has to have corresponding Values with the once we want to borrow against? And should incase the liquidity wasn’t paid in time, what happens then?
Hello NFTULOAN TEAM – I found your project very facisnating in general, and your “VALUEs” in particular, however, NFTULOAN’s core principles i read include efficiency, transparency, and inclusiveness, and I’m curious to ask, where is the place of “SECURITY” ? Could you please explain to us, because it was not mentioned , and every genuine investor is always mindful of the security of his asset , so explain to us ? Could you elaborate on the aspect of your principle as it relates to “inclusiveness” and what does it try to achieve by so doing ? what measures do you have in place to ensure that assets in portfolios are safe ? Lastly,i read NFTULOAN is dedicated to resolving inefficiencies in the loan market, how do NFTULOAN intends to address such anomalies, and what long term solutions do NFTULOAN have in place pursuant to its mission as it relates to efficiency ? Thanks
Hello.
NFTuloan is a robust platform that bridges two parties together, a crypto lender community and the owners of NFT assets. It is famed for its flash loans that are quick, easy and permission-less, meaning a user doesn’t need to go through a KYC or provide any documentation to get his/her instant loan, that’s quite new and interesting. Can you provide us with detailed steps on how to apply for an NFT loan? How many NFT projects have you partnered with to lend out their NFTs assets? What are the requirements for getting these NFT loans? Since there’s no KYC or any form documentation, what security protocols do you have in place to ensure that a lender gets his/her NFTs with interest at the due time? Do you have any punishment when a borrower defaults? What kind of collaterals does the NFTuloan asks for when a user wants to borrow? And I would like to know, What does the NFTuloan benefits from joining the two parties?
Hello NFTuloan Team,
I noticed that a user can decide to become an NFTuloan lender. The user will need to connect his/her crypto wallet to the NFTuloan website giving you permissions to withdraw from their crypto funds to lend NFT borrowers on their behalf. This is quite amazing, but there are a lot of scam projects out in the crypto world. Can you convince us as investors that our investments/assets are safe in your hands? Can you kindly provide details on your security protocols? How do you ensure that the lender’s NFTs are returned? What does a user benefits from being a NFTuloan lender?
I noted that one of the many Benefits of the owning a GENESIS ACCESS PASS is that it offers access to your NFT exclusive DAO and decision for the next features. Can you brief us on how your DAO governance mechanism will operate? How can users participate in governance in your DAOs? Will the strength of votes be dependent on the amount of $ULOAN a user have? What kind of features can the members of the DAO decide on? Is there any way an investor can be a part of the DAO apart from owning a GENESIS ACCESS PASS? I would also like to know, What is the total supply of the GENESIS ACCESS PASS?
In learnt that as borrower or as a lender, the have chance with NFTuLoan to increase and develop your portfolio.please can you elaborate on the collateralisation system that will be adopted in NFTuLoan ? Can you enlighten us on how we can increase and develop our portfolio in NFTuLoan ? Can you give in specifics those previleges a user gets for being a lender?
In learnt that as borrower or as a lender, the have chance with NFTuLoan to increase and develop your portfolio.please can you elaborate on the collateralisation system that will be adopted in NFTuLoan ? Can you enlighten us on how we can increase and develop our portfolio in NFTuLoan ? Can you give in specifics those previleges a user gets for being a lender?
It was mentioned on your website that a user can transfer his crypto to NFTuLoan and he/she could be staking up to 30% APR. NFTuLoan offers the highest yield for his/her ETH. Will the APR be constant or it may vary due to some market factors? Can you explain in summary how a user can stake his ETH? What is the duration of time a user have to stake his/her ETH to start earning? Can a user unstake his ETH before the staking period elapses and what will be the repercussion? What are those previleges a user gets for staking his ETH coin?
Hello Team – it caught my attention to know that I can get liquidity for 1hour loan and up to 30 days . Could you please elaborate on this, and what criteria do I have to fulfill in other to get liquidity for an hour loan, and what collateral do I need to deposit for this ? Lastly, i read that fees will vary depending on the length of the loan, the NFT collection, etc. , and that I can use any supported NFT as collateral to borrow up to 70% of the value of asset from the NFTULOAN liquidity pool and obtain immediate permissionless liquidity. Please explain to us, how do we ascertain a supported NFT for this purpose and what/ where are those supported NFTs ? And with regards to 1 hour loan, what amount of fees will be applied ? Please answer thanks
From the NFTuLoan roadmap, it was stated that Beta test for 100 private Beta tester will be taking place on Q.2 of 2022. And we know that we are in the last month of the Q.2 , Can you update us on the Beta testing? Has it taken place ,if yes can you give us the highlight of the event? Else, Can you tell us the date for the Beta launch? Could you explain the reason you chose to have 100 private Beta tester? Is the Beta testing going to be limited to NFTuLoan staffs only?
In your Staking System, i read that we can feed our protocol with ETH and in doing that, we get high rewards. Therefore since we can get rewards by feeding our protocols with ETH, what could be the minimum amount that a user can Stake? And would there also be Maximum amount of ETH users can feed their Protocols? Can you explain the reward system in your Staking Services? What could be our Gains in staking our ETH? & what is the duration of staking in your platform? However, i noticed that you kind of only Support ETH for Staking, can you give reasons for that? is there a possibility that you’re going to accept other Tokens like Solana, Cardano etc In the Future?
I learnt that in other for us to start Earning in your platform, we simply need to connect your Metamask wallet to access our personal dashboard, and we can either borrow against our NFTs or stake our ETH to become a liquidity provider. What i want to know is this, in terms of SECURITY, since we are going to be connecting our Wallets, and also providing liquidity, i want to know How safe is our Assets and Funds with your Platform, can we possibly make withdrawals at anytime we want to? Is there going to be any charges/fee attached to every withdrawals in your platform?
Since Borrowers can put up assets as collateral for a liquidity, and stakers can stake in exchange for interest. I believe We all know that some NFTs within a collection are more Rarer than others, however, i would like to know how your System is going to accept or Match These Nfts to provide liquidity. However, i noticed that you also have a marketplace, i would like to know more about your marketplace, i noticed that it is not yet Functional yet, can you give us details about when it is going to be ready?
Hello, when I looked at the roadmap of your project, I saw that you have sold the seed round and Round 1 of the $ULOAN token. There is also a Round 2 sale in Q2 of 2022. Is the Round 2 sale currently ongoing or has it ended? Can you talk about the tokonomic structure of the $ULOAN token and the amount of $ULOAN sold in the seed round, Round 1 and Round 2? How much funds have you raised from token sales so far? What are the features and uses of the $ULOAN token? Your platform has a staking program for ETH. Are you going to start a staking program for the $ULOAN token in the future?
Merhaba, projenizin yol haritasına baktığımda $ULOAN tokeninin tohum turunu ve 1. Turunu sattığınızı gördüm. Ayrıca 2022’nin 2. Çeyreğinde 2. Raund satışları var. Yol haritanıza göre 26 Haziran’da bir de “Public Lansman” var. 2. Round satışları ve Public Lansman farklı satışlar mı yoksa aynı satış aşaması mı? 2. Tur satışları devam ediyor mu yoksa bitti mi? Devam ediyorsa 2. Tur satışlarına nasıl katılabiliriz? Public Lansman ve 2. Round satışları farklı ise 26 Haziran’da yapılacak Public Launch’a nasıl katılabiliriz? Satış nerede ve hangi koşullarda yapılacak? Satışa katılım koşulları ve token başına yapılacak ödeme tutarı, ödemenin nasıl yapılacağı, maksimum ve minimum satın alma tutarları hakkında bilgi verir misiniz?
Hello, when I looked at the roadmap of your project, I saw that you have sold the seed round and Round 1 of the $ULOAN token. There is also a Round 2 sales in Q2 of 2022. According to your roadmap, also there is a “Public Launch” on June 26. Are the Round 2 sales and the Public Launch different sales, or are they the same sales phase? Is the Round 2 sales ongoing or has it ended? If it is ongoing, how can we participate in the Round 2 sales? If Public Launch and Round 2 sales are different, how can we participate in the Public Launch, which will be held on June 26? Where and under what conditions will the sale be made? Could you please provide information on the conditions of participation in the sale and the amount of payment to be made per token, how the payment will be made, the maximum and minimum purchase amounts?
NFTuloan is a marketplace that bridges a crypto lender with an NFT asset owners. You said as soon as a borrower connect his NFT wallet to your platform, he will be able to leverage and borrow against through a flash loan process that is quick, easy and permissionless. Can you explain how your protocol evaluate the value of an NFT that is connected to it and how your instant evaluation procedure is used to determine the amount of liquidity that can be borrowed against it? What interest rate apply to the borrower and what percentage of this interest rate goes directly to lenders? How are NFT collateral of borrowers secured by your platform and what are the liquidation procedure in a situation where a borrower default?
You have described your marketplace as a unique marketplace that features various collections of NFT assets of distressed NFT deals from borrowers. Does this mean that only liquidated NFTs are the NFTs that will feature in this marketplace? Will it not be possible for users to list and auction other NFTs on this marketplace apart from the ones that you confiscate from defaulters? Also, you said this NFTs will be traded at 30% less its real value. How will you be able to fully recover lenders loaned liquidity when only 70% of value will be realised from the sale of NFTs or will your platform be the one to augment the deficit? And are loan providers only able to recover their liquidity from defaulters when these NFTs are sold no matter how long it takes to get a buyer?
One of the determinant of loan acquisition is the interest rate. Briefly share with us your NFT’s interest rate and loan duration. Also, NFTuloan utilizes supported NFT’s as collateral for users to borrow up to 70% of the value of their assets from the NFTuoLan liquidity pool. Can you briefly classify some of these NFT’s supported by your loan facility? What attributes helps to determine the actual value of a user asset?
Your NFT acceptable collections currently includes Pxz token, Lucky Catz V4 and Driveo1 token V4 with the lowest LTV of 20%. What other collections will be added to this list in the future? Apart from Pxz token with 1000 allocation, When and how can collections with higher allocation get integrated in this list? Also, with a community based on borrowers and stakers, can you tell us how a user can stake within a short-term?
I saw on your website that there is a staking system mentioned with 30% interest rate, however there is no more information about it anywhere else. That being said, can you give us more details about the $ULOAN staking system on your platform?, How many $ULOAN tokens do users need to stake to start receiving he interest rate of 30%? Speaking of this, can you tell is more about what kind of benefits within NFTULOAN’s platform can we get from staking of your token? And aslo what rewards can we exactly receive?
Since the beginning of 2022, the NFT market has been thriving, with over a billion dollars in transactions predicted. Currently NFT is becoming very popular in the blockchain space. NFTs are being created on a multitude of platforms such as art, games, collectibles. So can you point out the salient features of NFT? How do you drive the growth of NFT while not devaluing the $Uloan token?
As a developer, I personally see liquidity as a major issue that needs to be addressed to combat slippage of orders. What strategy does NFTuloan use to attract liquidity and create a large source of capital from it against slippage of orders? How would you incentivize users to provide liquidity and what are the benefits of the liquidity providers getting in return?
NFTuloan offers NFTs to our community at a -30% discount and these NFTs can only be purchased for $Uloan. On what basis do you use the 30% discount? In your opinion, is this competitive enough with other projects on the market? Also, can you rate your tokenomic? How many tokens will be minted, where will they be distributed and especially what is the use case, what are the benefits of holding them in the long term?
You have already launched V1 protocol and the launch of V2 has been scheduled for this quarter. Compared to V1 which was available for 20 collections, new version will be available for 100 collections. In addition to this expansion, what type of developments we can see in V2? Second round of $ULOAN sale has also been planned for this quarter. I saw allocated tokens for the first round are sold out. What is your target for the second round? How many tokens were allocated? Unfortunately, I missed your first round. Please briefly explain on participating in this round.
Can you elaborate more on NFTuloan staking program? It seems that your staking procedure is similar to a lending program. I am familiar with staking platforms that offer an interest when we just hold our funds. Do we need to find borrowers and lend them our funds on NFTuloan? If yes, how do you assure that borrowers on your platform are trustworthy? Do you perform a credit check? I could not find any information about rates and charges related to staking. Can you briefly explain? You allow users to withdraw their funds anytime. Is there an unstaking fee? Are there any staking tiers according to the token amounts or time periods?
It caught my attention that you are hiring NFT analysts and blockchain developers. Please elaborate more on your expectations. Are they remote positions? Can we work either full-time or part-time? Is anyone across the world eligible to apply for the posts? In the application form, you are only asking basic details such as name and email address. How can I give evidence to my expertise? Please explain about your payment criteria too. Do you pay with $ULOAN? In addition to the payments, do you offer any privileges for team members?
After Going through your website, I noticed that NFTuloan offer the Flash loan feature for all the digital assets. Can you tell me how this feature is going to be implemented within NFTuloan economy securely? Basically, Flash loans are used to capitalize on price differences between Crypto assets on different platforms like exchanges. Is this not risky for the NFTuloan platform? What if a trader or hacker make a mess on NFTulaon platform using the flash loan?
NFTuloan will enable ETH holders to increase there earning by leveraging on their existing crypto,using MetaMask to add to their ETh liquidity pool which allows lenders to earn interest of up to 399%.What are the security features of metamask?Aside from ETH,can users access or interact with platforms that run other Blockchains?is it possible to transfer an existing ETH to MetaMask? Kindly explain thanks
Hi team NFTuloan
I read that users can earn in NFTuloan by simply connecting to your MetaMask wallet to access our person dashboard. I would like to know,Will MetaMask be the best beginner wallet for new users? MetaMask wallet is a crypto wallet that is connected to the internet,this alone makes it vulnerable to hacking, theft and phishing attack judging from this I would like to know how secure will users wallet be?Are you planning on any partnership with any cybersecurity agency? Thanks
It caught my attention that you are going to open the first bank in metaverse during the next quarter. I am curious to know more about this concept. As we all know, a “bank” has the central authority of currencies. How do you integrate that centralized concept to a decentralized background? How does this bank work? What are the decentralized features of the bank? Since this is the first bank in metaverse, you may have done some research before introducing the concept. Tell us about your findings. How does metaverse support the banking system?
Benefits of the genesis access pass include exclusive access to stake $ULOAN and exclusive access to add liquidity. What are the advantages of getting exclusive access to staking and liquidity? Do you offer better rates for early birds? With genesis access pass, users also get lifetime access to your Alpha group chat. What kind of group is it? Who are in this group? What are the benefits of having access to the Alpha group chat? If I miss the opportunity to get the genesis access pass this time, can I buy one later?
To register for the exclusive NFTuloan’s drop, there should be at least 0.22 ETH in my wallet. Is this the minimum contribution you expect? Does it include the gas fee? If I register, do I definitely get a chance to participate in the drop or is there a Whitelist process too? I remember like I had less than 0.2 ETH in my wallet. Do you organize similar drops in the future?
From your roadmap, I saw that you plan to Airdrop $ULOAN token to opensea users and you also plan to open first Bank in the Metaverse. As per your roadmap, this is expected to launch in Q3/2022. I am yet to see your full tokenomics and I will like to know how many tokens you will be airdropping during this event. What are the criteria that you will use to select Opensea users for this Airdrop and what can a user do to become eligible? Also, can you give a hint as to how the first metaverse bank you plan to launch will work? What are it’s peculiar features and what will users be able to do in this bank metaverse?
NFTuloan is giving everyone to become a Liquidity Provider in it’s platform.Normally,before any one can become a Liquidity Provider in a crypto platform that person will have to deposit a particular amount of their token into a smart contract and receive pool tokens in return.So in becoming a Liquidity Provider in NFTuloan,will users deposit $ETH or $ULOAN?And how will these liquidity providers get paid?One thing that worries most if not all liquidity providers is Impermanent Loss when prices changes and they earn up losing alot ,so how prepared are you to support Liquidity Provider when such loss occurs?Please provide additional information on what is involved in becoming a LP in NFTuloan.Thanks
NFTuloan is a transparent marketplace for collateralized NFT liquidity where users can use the NFT they own to access the liquidity they need.So my question concerns both the borrower and lender.So I will like to know where will the borrower’s NFT go to after it has been use up as a collateral?And if the suppose duration elapse and the borrower couldn’t repay the loan or default on its loan what then happens to the NFT that was used up as a collateral?Are there some loan-to-own strategies you have implemented for lenders to use when giving out loans to borrower?Please explain thanks
It was stated that stake money by adding them to our liquidity pool that will be lent to the liquidity seeker. As a staker, users will get a generous percentage of 30%interest rate that will be paid back by the borrowers.Since there is no minimum or maximum amount to staking in NFTuloan,why is ETH used and not $ULOAN?What are the usecases/utilities of $ULOAN?Will you in the future implement $ULOAN to be used for staking?Also,users will gain 70% more as part of their staking,so can you tell us where this 70% will actually be generated from?
What do you propose to holders not to sell their NFTs, how can you get instant liquidity through $Uloan and how can we link it to the real world, what solutions or proposals can you give to NFT traders who need liquidity to buy more NFT, keep your portfolios relevant and up to date?
What are the use cases of $Uloan internally and externally in the ecosystem, do they plan to incorporate other tokens and expand the functionalities, products and services of NFTuloan, what is its financial model and cryptographic supports, how do they avoid high Eth fees to investors?
While reading,I came across the part which stated that “if a borrower fails to repay their liquidity on time, the asset is transferred to NFTuloan and will be placed on the internal marketplace for liquidation”.Whats the actual duration given to a borrower?And I would like to know does the kind of NFT a borrower holds influence the duration given to him?Does it also mean that the borrower cannot retrieve it’s asset on completion of payment,even when transferred to NFTuloan? kindly clarify me on this.Thanks
NFTuLoan offers a wide range of NFTs that come from distressed NFT deals of NFT borrowers that default on their payments. what’s your marketplace all about , What does it look like and what are the activities that take place on your NFT marketplace? What advantages makes your NFT marketplace unique and different from other NFT markets ? Thank you
NFTuloan will be Launching $ULOAN token with a presale coming up, I couldn’t get more details about the $ULOAN token, Could you please share more details about the presale and how we can join the whitelist, what is the total supply and price of your token? What are the benefits for early birds/early adopters? What are the features and utilities of $ULOAN token? What role will $ULOAN token play for Borrowers and lenders? Do holders of your token have governance rights of your Project, on what rights can they vote on?
I understand that NFTuloan is a transparent marketplace for collateralized NFT liquidity. Borrowers can put up assets as collateral for a liquidity, and stakers can stake in exchange for interest. You’ve got an interesting Project, can you tell us what advantages/ benefits does your project have for Borrowers, Lenders and stakers? What happens if a Borrower doesn’t pay back their liquidity on time? Is it possible For a borrower to extend the borrowing period if the payment time is due ? What are the security measures you’ve employed to ensure that user assets are safe and secured on your platform?
As they provide liquidity to Uloan, as a borrower or as a lender, with NFTuLoan they have the opportunity to increase and develop their portfolio, but what are the tools that you give them so that they can achieve their objectives, what is the APY that they offer to their investors, What are the risks to which holders, investors, developers and partners are exposed?
You have stated that an investor can expect a return of 70x by holding an amount of $ULOAN token at early bird price. How did you estimated this value? How do you assure $ULOAN price will be approximately 70x by the time of listing? Due to current bear market, prices of popular Alts are also dropping. Then how can we believe your token will stay strong? What are your plans to generate scarcity and make the token valuable? If your fresh token face a situation like the price drop of LUNA, what is your plan B?
Your marketplace is yet to be launched. Can you give a sneak peek of the feature? How is the progress of creating the marketplace? Currently, NFT marketplaces are becoming popular. Will your market also be similar to existing platforms? I saw NFTuloan creates the first bank in the Metaverse. Likewise, are you introducing some new concepts to the market? What kind of NFTs are available on the marketplace? Are all users allowed to buy/sell their NFTs there?
NFTuloan is dedicated to resolving inefficiencies in the loan market by developing creative, practical, and long-term solutions. What are the inefficiencies you have identified? What kind of solutions you offer? Please clearly explain how do you provide aforesaid three features, creative, practical, and long-term.
NFTuLoan offers a great deal for lenders: 70% of the interest paid by borrowers goes directly to the liquidity fund, where all lenders benefit. Can you explain in detail how this system works and why such a high percentage of the proceeds goes to the liquidity fund? How will lenders benefit from this model that NFTuLoan has come up with? In consideration of the borrowers, will they be able to profit from this system?
I’m attracted and fascinated by this project, which I feel will have a significant impact or pull in the crypto world, providing some significant benefits, and based on my research on this project, which I quoted: You have the opportunity to expand and enhance your portfolio as a borrower or a lender with NFTuLoan. So, how can this be accomplished, or what strategy has been put in place to accomplish this? Also, as a lender, you can earn from your dormant ETH. What is the HODL method, and how can it be used? It would be fantastic if the rudiment for doing this activity could be enhanced without any glitches.
The main objective of NFTuLoan is to incentivize the holders of NFTs NOT to sell, and for them to contribute to the liquidity of the ecosystem. My question is, what are the strategies you use to make the users stay as owners of the assets and that this action is more profitable than buying and selling NFTs as it happens in the current markets? Why will it be more profitable for the users to keep the NFTs than to sell them? Can you explain it for us?
Hello, NFTuLoan team! Following this project’s roadmaps is encouraging and fascinating, and one of them drew my attention: how to integrate API and connection to NFT trading Bot. So, how will the API be consumed and retrieved, what technologies have been used to accomplish this monumental undertaking, and how does the NFT trading BOT fit into it? It would be fantastic if all of the technologies were highlighted so that other tech-inclined guys may benefit from them as well.
Hello, NFTuLoan team! During my study for this project, I came across the Genesis Access Pass, which encouraged people to participate in our DAO and vote on the features and tools that our community would like to see. So, what is DAO, exactly? What is the mechanism behind it? What’s the connection between DAO and voting for future features? It would be a dream come true if the project could shed some light on the DAO’s strategy and how voting can be conducted.
One of the most important milestones of the whole project is the public launch planned for June 26th. Could you confirm that date and talk about the preparations done for the launch to be possible? How will the launch be organized and what are the requirements for the community to take part in it? Will it be possible to benefit from the whole list of service offered by NFTuloan from the first day or you plan to add available options one by one? Thanks!
NFTuloan business model looks attractive to NFT holders but I still have questions on the idea of borrowing itself. Why do you expect users to borrow NFTs even for some days? Imagine I borrowed someone’s NFT, how can I use it further? What are the other options offered to NFT holders? Will it possible to stake NFTs, use them in games or even sell them? Thanks!
The platform of NFTuloan can give real value to jpeg pieces. What differenciate the value created in this platform for the jpeg art pieces than the one created by any other platform?
“DON’T SELL YOUR NFT, GET INSTANT LIQUIDITY WITH US!”
Cool tagline on your website, My question who is the person behind your project and what a biggest goal with your project???
Thanks….
With the current market situation, what a unic marketing strategy do you have to attractive new investor to your project???
GIVE ME ONE BIG REASON, WHY I HAVE TO CONTRIBUTE ON YOUR PROJECT AS AN INVESTOR???
Hello, the NFTuloan team.
I liked your project with its simple and clear business model. Please tell us how your liquidation process is organized? Let’s say I laid a new NFT, which at the time of the pledge cost 1 Eth for a period of 30 days, after 10 days, the project team made a scam and flor flew to the floor. At what point will my NFT be liquidated to repay the loan?
Hello, the NFTuloan team.
I liked your project with its simple and clear business model. Please explain such a moment. Did I understand correctly. Those NFTs that have gone to the account of the non-refundable loan are transferred to the trading platform and sold at a discount of 30%. But you write that you only sell them for a dollar. why? Why can’t you buy them with cryptocurrency? Or did I misinterpret the description? Again, why doesn’t the project itself implement this NFT even with a 20% discount and not earn extra money?
Hello, the NFTuloan team.
I liked your project with its simple and clear business model. From the point of view of minimizing risks with the help of your service, you can hedge the collection, because if the price of NFT drops extremely, then it makes sense to return the deposit is simply not profitable. Is it so?
From the project it is stated that the most profitable and secured place for crypto to NFTuloan offers a great deal for lender and 70% of the interest paid by the borrowers goes straight to the liquidity pool. What is the likelyhood that the liquidity pool will be constant in the market, where transaction is been exchanged and if 70% of the interest paid by the borrowers goes straight to liquidity pool,what percentage will be giving to the borrowers who risk borrowing and in return will be giving nothing.
From the project I discovered, that in the NFTuloan, creators or market place criterials, such as to give liquidity to your collection, increase your trading volume and lastly to make more profit on the secondary market, what is the possibility that the project liquidity collection, might not reduce considering the trends in the market place and what’s the possibilities that trading volume might not increase, and if secondary market cease to exit, what will you do to increase profit.
With so much details on how to operationalized payment,on your project what the probability of low network failure,to actualize payment giving a deadline to refund nftuloan. and what is the possibilities of an amateur to navigate payment site as there are to many protocol to repay liquidity.
“The number of fighters is closely linked to the number of BRAWL tokens that will also be available for purchase”. I don’t quite understand the meaning of the statement. What does it mean? How is linking of fighters and number of BRAWL tokens available for purchase beneficial to the platform and the users as well? Give details on this. Thanks
Hello NFTULOAN Team!
The general idea of NFTULOAN platform is something that I really admire because it seems quite new. Since NFTs will be used as collateral and we know quite well that within a collection, not all NFTs are of the same amount. My Question: Will the loan amount be proportional to the rarity or value of the NFT that will be used as collateral? How many percent (%) of the value of my NFT can I possibly borrow on maximum? Can you loan out an amount that is higher that the value of the NFT being used as collateral? Clearly highlight the factors that will determine the amount that will be given to a borrower. If I happen to repay my loan earlier that the deadline, will I get some sort of discounts?
Hello NFTULOAN Team!
I clearly understand that your system allows a user to borrow 50%, 60% or 70% of the value of the NFTs. What must be peculiar about an NFT so the a user can borrow up to 70% the value of their NFTs? Is it just the price value of the NFT that is put into consideration or are there other factors that are being used to determine the right percentage for each borrower (For Ex. Popularity and volume of transactions of the collection that an NFT belongs to)? Give details, thanks
Hello NFTULOAN Team!
Since NFTuloan is dedicated to resolving inefficiencies in the loan market by developing creative, practical, and long-term solutions, clearly highlight the inefficiencies that you have observed in the current Crypto loan market. Now, my believe is that every project that comes into inception definitely has a new invention or innovation on ground. In this regards, tell us about your general approach to the Crypto loan market, what new development did NFTuloan bring to the table? What makes NFTuloan peculiar and a better alternative to other Crypto loan related projects? Talk about the unique products and features of your platform.
I read that user can create NFT and give real values to our photo or JPEG using NFTuloan and also there is a feature name NFT loan to get hourly payouts. This system is really great but can you explain the detail how does it work, for example what is all requirement user need to fulfill to start get income? How about APY% and did you prepare a guide for newbie to use NFTuloan?
Since NFTuloan is a product to loan NFT, ofcourse user will need guarantee for safety from your product. There are always accident or even hack/scam inside blockchain system. So how NFTuloan handle this kind of problem? I also wonder, how about token from NFTuloan? Do you not have plan to create one?
Greetings NFTuloan Team!
You have encouraged NFT holders to get liquidity with their NFTs instead of selling them. As a NFT holder, I often sell my NFTs and hold my profits in a wallet that offers a considerable APY. When compared to my method, do you offer higher rewards? Is using your platform more profitable than selling NFTs and holding profits? You have indicated about different NFT categories including art, collectibles, domain names, music, and photography. Is your NFT platform limited to said categories? To provide liquidity, is there a minimum value of NFTs to hold? In addition to liquidity, are there any other methods for NFT holders to earn a passive income on NFTuloan?
Greetings NFTuloan Team!
From the beginning of your project, you have introduced one version of your protocol in each quarter. V0 has been launched during Q4, 2021 whereas V5 will be launched in Q4, 2022. Is this the final version of your protocol? Please briefly explain about the gradual development of the protocol. Compared to the first version, what kind of features we will be able to see in the final version? When developing the protocol, did you pay attention to the ideas of the community. Are we allowed to express our suggestions on current version?
Greetings NFTuloan Team!
If our NFT is rarer than others from the same collection, your system will suggest a higher liquidity amount. Can you explain how does the system determine the rarity? Do you have a proper mechanism to identify rare NFTs? What does “a higher liquidity” mean? Is it like 200% – 300% than the normal liquidity or just a small difference like 1% – 2%? In addition to the rarity, are there any features of NFTs that you consider to offer a higher liquidity?
I discover some interesting facts on your staking Protocol. You promised that You will facilitate unique Hourly Payouts for the stakers. Is it true? Please tell more details about NFTuloan Staking Protocol? But you impose that only ETH will be the Currency to use for staking. So, If users have othe coins Like $BNB, BTC, ADA, XRP, What is the answer for them? Will they should be converted in to $ETH? And also tell us about the APY that you offer? Will this APY depend on the harvesting period that we claim? I mean If I withdraw my profit in unique hours, will MY APY reduce? Also tell us about the security condition of users investment in Staking pool?
On NFTuloan, users can get liquidity for 1 hour loan and upto 30days. I am sure that fees will vary in accordance to the duration of the liquidity. How do you calculate the fees accompanied to borrowing for the corresponding duration of borrow time? What functions will these fees be used for within your Ecosystem? How will these charged fees be distributed within your platform? What is the maximum and fees that a user may be charged for borrowing?
One benefits of the genesis access pass that caught my attention is the fact that it gives a lifetime access in the NFTuloan Alpha group chat. In this course; tell us more about the Alpha group chat. What is the structure of the Alpha group chat? What types of activities and information can users leverage in the Alpha group chat? How do I gain the genesis access pass? Apart from giving access to the Alpha group chat, what other benefits comes with owning a genesis access pass? State it various uses within the platform
NFTuloan offers not only the NFTs, Liquidity options, Stakings but also job careers. I saw that you have hiring Blockchain developers to the NFTuloan Dynamic Team. How can community apply for that jobs? What will be the advantages as being a Blockchain developer within NFTuloan ecosystem? What are the requirements that you consider on selecting users? Should the applicants be familiar with development softwares like JAVA, PYTHON, C++ ? By the way, I want to know, Will you hire Community Managers or Moderators or ambassadors in future for the NFTuloan Team?
You have already conducted the round 01 $ULOAN token sale & round 03 $ULOAN token sale will be held in this quarter. Can you tell the progress about round 01 $ULOAN token sale? Were all the tokens sold out in round 01? If you conduct the round 02 sale in this quarter as you planned, Share more details regarding the round sale 02? How about the Participating requirements, Should users get whitelisted to enter to the round 02 sale? How is the KYC process?
The platform of NFTuloan can give real value to jpeg pieces. What differenciate the value created in this platform for the jpeg art pieces than the one created by any other platform?
❤️ I read on the web that NFTuloan aspires to support the early adopters of the NFT era by helping people expand their portfolio, so what is the procedure for applying for a loan on NFTuloan and what are your collection strategies for the loan? return?