It is not often that NFT platforms come into the picture that offer a value of tangible utility that can be put to use quickly. Enter EarnX, a subsidiary of Year Classic Finance, which is looking at NFTs in a whole new way. EarnX is taking RFID technology and intertwining blockchain technology to revolutionize NFTs. they have launched EarnX NFT Gallery, and are working to stock the gallery with a community-driven approach.
RFID integration will allow physical products to be integrated with NFTs throughout the gallery. Since EarnX is a community-based token, there is an integration of the community’s ability to vote for products and engage in auctions.
A major advantage of the EarnX token is that it is deflationary – allowing you to earn more in the form of your tokens. Tokens have voting rights, which influence and influence the products and performers involved in EarnX, and emphasize scarcity, sustainability and utility.
To combat price manipulation, the coin also has a 10% tax on all transactions. 5% goes to the liquidity pool, which is locked for four years. The other 5% goes back in the form of weighted distributions to token holders and burn addresses. Built on BSC, EarnX features low gas charges and continuous burning, allowing for price stability and use-case advantages, while still encouraging long-term holders to hold. The protocol’s liquidity is notably secure, courtesy of the partnership with DxSale.
The team has also published a forward-looking roadmap, with a greater focus on NFTs in the coming months. In another announcement this week, the EarnX team shared that Enfax will be a third quarter project; NFAXE is a physical ax and paired NFT that is sent to the winning bidder of the NFT. Another project, NFCarpet, has also been shared by Arn’s team.
Arnax warms up with the press declaration of partnership Same with Bella Protocol earlier this month. The partnership explores three primary buckets: providing premium NFTs backed by physical art in the DeFi space, exploring community collaboration and innovation around NFT mining, dynamic NFTs, and NFT airdrops. In a statement about the partnership, EarnX co-founder Marcus King also stated that there will be a “dedicated Bella protocol physical NFT collection” in the future.
The EarnX token was also added as a supported token on Bitru for the start of the month. Bitrue users can now trade EARNX tokens with USDT and XRP. EarnX is also a pillar in the DeFi and NFT landscape of Binance Smart Chain. With continued partnerships and risks coming to life, EarnX wants to remain aggressive with the growing DeFi and NFT landscape.