π οΈProblems & Solutions
In our endeavor to reshape the perception of Non-Fungible Tokens (NFTs), we are striving to transform them from being seen as mere transient digital art into credible financial instruments. Presently, NFTs are often perceived as a bubble that lacks real value, an ephemeral asset that could plummet in price at any moment.
We identified four key problems
Lack of Utility: Traditional NFTs have limited use-cases beyond their aesthetic appeal as digital art. This lack of functional utility severely restricts their potential value.
Pricing Instability: Traditional NFTs often face large price changes, driven by popularity rather than utility. This volatility complicates their use in DeFi, increasing risks and instability.
Lack of Liquidity: Traditional NFTs suffer from limited market liquidity, making it challenging for owners to rapidly convert these assets into cash or other liquid forms.
High LTVs Barrier: For accessing higher Loan-To-Values in NFT-backed DeFi, users are required to possess high-value 'blue chip' NFTs, limiting opportunities for a broader audience.
Solution and benefits
Enhanced Utility:
Each NFT Π‘oin represents a 1:1 staked cryptocurrency via CoinAvatar;
Each Coin generates high yields through liquid staking;
Each Coin remain liquid and can be further utilized in NFT-backed DeFi to maximize yield;
Fixed Floor Price:
Each Coin comes with fixed floor price due to the locked-in crypto;
Fixed floor price enables up to 95% LTV in NFT-backed DeFi;
Coin price cannot fall below the value of the locked-in crypto;
Instant Liquidity:
Users can dissolve their Coins on CoinAvatar anytime to access the funds locked within it;
No need to wait for a buyer to get liquidity;
High LTVs for everyone:
No need to buy expensive NFTs anymore to access high loans;
Our Coins, with investments as low as 100 USDT, enable users to obtain high LTVs of up to 95%;
CoinAvatar lowers the entry barrier and fosters mass adoption;
We're leveling up our NFTs. Now, they're not just digital tokens you collect. They come with their own power-ups: high-yield rewards through DeFi staking. This upgrade means stability, real value, and an epic journey towards rewards in our digital realm.
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