To use NFTNARA's services, you must go through the registration process using the wallet web and app (iOS and Android). You will be required to enter additional information to meet global KYC and AML regulations, and regulations may restrict access to some users during the registration process.
NFTNARA is issuing two kind of tokens one is for governance and ecosystem and the other is solely for untility purpose.
NFTNARA ERC-20 Token NARA is for governance and ecosystem.
NFTNARA BSC BEP-20 Token UBZ
UBZ token is 100% utility token upon Binance Smart Chain dApps such as Defi, GameFi, X2E, NFT, Metaverse etc.
The number of UBZ is 5Billion(5,000,000,000) and BSC has advantage against Ethereum in terms of gas fee and transaction speed so that UBZ can be used for various utility purpose applications.
NFTNARA token, which is the platform token, is called ‘NARA’ and is a utility token. A total of 5 billion will be issued and used as the key currency. They are paid as rewards for various activities of users inside the platform and airdrops through events and can be purchased on external exchanges. They can be used for user-to-user transactions and transaction fees through the marketplace. An appropriate amount of NARA is unlocked in the market to prevent excessive unlocking and depreciation of value due to airdrop, and we properly control its circulation so that NARA can be used to activate the NFTNARA ecosystem. Regarding the issuance volume, they are issued and burned flexibly to stabilize the actual token price. Staking service: We provide NARA staking service.
Staking is operated in two forms.
When you stake NARA tokens, you will be rewarded with the number of NARA tokens in consideration of basic compensation (50%), activity compensation, platform compensation, ranking compensation, volume (amount) compensation, etc.
This structure shares the value created by stakeholders of the platform with the participants as much as possible.
The above Defi structure is an example and is subject to change according to the foundation policy and the decision of the DAO.
Each issued NARA is allocated according to its purpose, and the purpose and quantity of each distribution are as follows.
The tokens will be used as ecosystem tokens that will be provided as revenue for users and airdrop funds for marketing. The platform will have several creators and brand partners in the future, and tokens will be allocated to work facilitators, participants, and Partners. They also include airdrop allocation, which is carried out to initially activate the platform itself, such as securing users through marketing activation and imprinting brand awareness, and continuously influencing traffic. Airdrop is very useful for increasing the traffic that brings many collaborators to the platform and is one of the means to increase the number of participants and enhance loyalty. Tokens for this category can also be classified as a kind of reserved Reserve token. This includes placements for platform participating foundations, members, advisors, technical staff, management staff, Partners, etc. The team is largely divided into business and technology parts and includes key talents working for the platform.
The tokens will be reserved for the foundation as a reward for participation proof of ecosystem strengthening and expansion, and rewards and reserves to be paid through the steaking pool and NARA community pool operation.
The tokens will be allocated to strengthen marketing activities in Korea and overseas to develop and strengthen the NFTNARA ecosystem and platform.