Billions of market share with zero liquidity. The market for non-fungible tokens (NFTs) hit all-time highs in 2021. But while collections such as Crypto Punks, Pudgy Penguins, and Bored Apes skyrocketed in value, many others eventually turned to dust, leaving collectors pondering as to the actual worth of their digital treasures.
New investors, encouraged by the price surges, flooded the market in 2021 and seemed compelled to mint any new collection coming out. However, a collection's success is very dependent on the actions of its team, and very often these teams are unable to create a second wave of demand. This leaves their OG communities stranded with illiquid bags of JPEGs.
MetaVault proposes a new way to give NFT collectors the assurance that they will always be able to trade in their assets for some money back. We are creating the systems and infrastructure that will also give NFT developers a way to create public trust in their new collections.
Problems
a. Illiquid NFT Collections
NFTs that are ‘unsellable’, or rather, there are no buyers for them. They are just dust in ones wallet. Not every collection, out of the dozens coming out each day, is going to acquire value as set by the market. How does a collector know what to choose?
b. Scam NFT Projects
Some "developers" utilize different ways to scam the people minting their NFT collections. This is done either by misappropriating funds, minting a large amount of their own NFTs, abandoning their projects, etc.
c. Sale Turnover Time
Some NFTs might not be illiquid per say, but they may take a very long time to sell when listed on a platform like OpenSea. Many potential investors are scared off by fact that they can't quickly liquidate if necessary.
Solution
The MetaVault introduces a unique DeFi solution to the above problems, starting with the launch of the MetaVault Token ($MVT). This token will act as currency for all transactions on the upcoming platform.
A percentage of all transactions involving $MVT will go to a loan wallet, and be available to any holder to borrow against the value of one of their NFT assets.
The amount available to borrow will be determined by several factors, including the floor price and trading volume of the collection, the rarity of the individual piece, and the total $MVT holdings of the applicant.
All loan applications will be handled in-house using the funds generated by the tax on $MVT. This is not a third-party, "loan-finder" service.
Loans will include a small fee which will be used to buy back and burn $MVT tokens.
Assets from unpaid loans will be auctioned off in our marketplace.
Tokenomics
Contract: TBA
5 SOL
liquidity
1,000,000
total supply
YES
revoke
YES
burn
How to Buy
Create a Wallet
Choose and install any SOL wallet to your liking. You can use Phantom phantom.app
Get Some SOL
Add SOL in your wallet. If you want to change fast without CEX use a getmoney.exchange for bridging other currencies
Go to Raydium
Connect your wallet and add our official contract.