π’CoinAvatar Product Structure
NFT Constructor
NFT coins Constructor. This project is based on outstanding NFT coins with unique attributes, designed by talented 3D artists and assembled by our personal constructor technology. Each NFT coin has dozens of attributes that combine to create unique characteristics and shapes. Users can be assured that they will be one-of-a-kind. Moreover, the uniqueness of the elements involved determines the rarity of NFT, which raises its price on the secondary market even more.
If you decide to create an NFT coin by yourself, you must choose in advance which cryptocurrency you will use while minting the coin. A CAV token will give you access to the CAV token staking option and other cryptocurrencies, respectively, to other DeFi staking options.
Currently, the platform supports cryptocurrency created based on Ethereum and wrapped tokens obtained by users at special services for exchanging cryptocurrency for its counterpart in the Ethereum network with a pledge of the original token.
The complete list currently looks like this: ETH, USDT, USDC, BUSD, DAI, FRAX, USDP, TUSD, GUSD, SHIB, UNI, WBTC, LEO, LINK, FTT, CRO, QNT, APE, HT, CHZ, MANA, AAVE, SAND, XCN
Users can "fuse" two different NFT molds to get a new NFT mold with rare attributes. The resulting NFT mold helps users create a more compound NFT coin, which gives specific bonuses during staking.
To start yielding on the CoinAvatar platform, you should complete 4 easy steps:
Head to our decentralized application, where you can create your initial NFT mold or browse through the marketplace for pre-existing options.
Lock some of your cryptocurrency into the NFT mold and create a fully-fledged NFT coin with access to staking, starting with as little as $1, and the value should be at least 0.001 of the selected token. The more you invest, the greater your returns will be.
Customize your staking preferences by choosing the appropriate options, such as staking CAV tokens or other cryptocurrencies, and determine the length of the staking period. The first staking period will be free of charge, after which there will be a small commission. Please, pay attention that length of staking and commissions are applicable only for CAV token staking.
Sit back and watch your portfolio grow as you receive staking rewards, or place your new NFT on the marketplace and gain profit!
Liquid Staking
Staking is an optimal rewards return solution for people looking for stability and regular rewards. With the not-bad profitability of the cryptocurrency market, staking allows you to create additional rewards without much input or effort. In the previous sections, we have already given a general characteristic of staking on the CoinAvatar platform. Now let's focus on the technical aspects of the two possible holding options.
CoinAvatar token staking (CAV).
The project team is interested in giving users the best interest rates, allowing you to get the desired profit quickly from the first created NFT. To gain a CAV token staking opportunity, a user must get an NFT coin with the CAV token locked. If the platform token is staked, the user will receive a CAV token in their wallet regularly.
CAV token staking interest rate depends on three key factors:
Staking period. Coins placed in a staking pool will be blocked for a specific period of time. Users can choose between 1, 3, 6, 9, 12, or 24-month options. The longer the selected period, the better the interest rate.
The number of fusions. Users can fuse any two molds at a time. There is no limit to the number of fusions for each mold, but you cannot have more than 20 fusions per day. The number of fusions directly affects the increase in the yield percentage. The user must make at least 5 fusions to affect the CAV token staking rate. The interest rate increases in increments of 5, and the maximum amount is 30%.
Amount of invested tokens. Staking interest rate directly depends on the user's amount of invested funds in the general pool. The bigger proportion, the more interest users will get. Thus, those who started staking earlier and with more tokens will yield more in the long run than those who didn't.
DeFi staking.
The second staking option is suitable for people who want to profit from other cryptocurrencies at their disposal. To arrange this, the CoinAvatar platform will connect the user with liquidity pools in a few clicks. You won't need to go to other platforms for this because everything will be detailed at your fingertips.
In the MVP stage, users will access only to AAVE project on the Ethereum network. Further, Compound and IronBank protocols for the Ethereum network and Venus, Valas, and CREAM protocols for Binance Smart Chain will be added. The list of protocols used may change over time.
Marketplace
CoinAvatar Marketplace is an intra-platform service allowing users to buy and sell their NFT molds and coins freely. The CoinAvatar Marketplace has no influence on the prices presented on the Marketplace, and they are entirely governed by the supply and demand ratio.
The CoinAvatar platform has its own marketplace that all users can access. On it, you can buy or sell NFT coins and molds in a few clicks and with minimal commissions. This is also a great tool to immediately find the perfect NFT coin for passive rewards or the NFT molds that can make such a coin.
The CoinAvatar decentralized application allows users to start investing in NFT coins with minimal funds since the minimum amount locked is only 1 USD, and the nominal value of each NFT coin must be no less than 0.001.
The low point allows users to start betting and making profits immediately. As the user's rewards return increases, their final rewards will also grow. Many features and mechanics exist for more experienced users to make meaningful input that bring higher returns.
The CoinAvatar marketplace provides an easy entry point for newcomers to the crypto world. Users can purchase pre-existing NFT Ρoins with staking plans to begin earning without navigating the complexities of decentralized mechanics. Users who need to withdraw locked funds or change their staking strategy before expiration can sell NFT Ρoin on the market. After getting locked funds, users can create a new NFT coin with a new staking strategy.
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