Background FTNDEX was born
Since the birth of Ethereum in 2014, smart contracts have opened up endless possibilities for all kinds of decentralized applications.
In 2020, DEFI-led decentralized finance was successfully applied and developed vigorously. By August 2021, the total value of DeFi’s locked digital assets exceeded $110 billion.
In the first half of 2021, NFT, represented by OPENSEA and CRYPTOPUNKS, developed rapidly. Among them, American artist Mike Winkelman created the digital artwork “Every Day: “The First 5,000 Days” sold for a record $69.34 million, and the NBA’s HOT SHOT has sold more than $400 million in four months, leading the NFT in sales.
In the second half of 2021, NFT blockchain game Axie Infinitydeveloped 600,000 players in 4 months, with daily active users approaching one million, and players spread throughout Southeast Asia, Venezuela, Brazil and other countries. With a market value of more than $4.1 billion, its token AXS has surpassed King of Glory, providing employment for hundreds of thousands of Filipinos who have lost their jobs due to the pandemic. It has become the benchmark enterprise of NFT landing application, which has attracted high attention of the global game industry, and a large number of high-quality P2E (Earn while playing) chain games are coming.
Promoting Axie Infinity to become a popular trade union organization can not only promote the development of a certain game ecology, but also be a brand new community-type VC organization, which quickly attracts the recognition of the industry and the favor of the capital. The trade union is the most effective DAO form at present.
NFT transactions, P2E games and gaming unions are becoming the big trends in the blockchain circle after ICO and DeFi, and they are continuing to come out of the circle, attracting a large number of new users and driving the development of blockchain applications. FTNDEX grasps the tuyere, follows the trend and emerges at the historic moment.
Introduction to FTNDEX
FTNDEX is a comprehensive DeFi platform that integrates NFT game asset trading, lending, leasing, and ecological incubation. Its platform ecological composition includes: NFT Token decentralized trading platform, NFT item trading platform, Token, NFT lending and leasing system, P2E chain game union FTN-LEADAO system, P2E chain game distribution platform. FTNDEX was well received by investors and received a $20 million investment from Oasis Capital.
It is understood that the founding team of FTNDEX is composed of a group of people who are enthusiastic about public welfare and are extremely enthusiastic about blockchain development. After an in-depth study of many NFT chain games, the team found that the outbreak of NFT chain games largely stems from the organization of the chain game union. It can not only promote the development of a certain game ecology, but also is a brand new community-type VC organization, which is also the most practical DAO form at present. This is the real reason for the current popularity of NFT chain games. With a keen sense of smell, FTNDEX immediately launched the P2E chain travel FN-LEADAO system.
Characteristic analysis of FTNDEX
FTNDEX stands on the shoulders of giants, absorbing the advantages of blockchain predecessors, creating a perfect infrastructure. On the basis of uniswap, FTNdex adds exquisite innovations, such as NFT asset trading model, NFT social interactive games, NFT mining, NFT lending and leasing, and chain game DAO, and then selects high-quality P2E chain game. The DeFi platform is a comprehensive DEFI platform that integrates communication, application and sustainable development. The specific analysis is as follows:
First of all, the FTN of the FTNDEX platform is produced according to a precise mathematical model, and the output of FTN in each block and each period has been carefully calculated. The total number of FTN issued is 210 million, of which 1 million are permanently locked in FTN/USDT trading pair flow pool, 4 million are used for IDO, and the remaining 98% are produced daily through smart contracts. Users can obtain the output FTN of four-leaf clover NFT mining machine by participating in the Four-leaf Clover interactive game. FTN rewards can also be obtained through LP Token mining. The mining time is calculated according to the block, and the remaining 98% can be mined in about five years. It is not difficult to see that FTN token distribution is different from other tokens. No matter the project side, technical side or capital side have any token ownership. If you want to obtain FTN tokens, you should obtain FTN by participating in IDO, participate in the game to obtain FTN output of four-leaf clover NFT mining machine, or mine FTN through LP liquidity. The highly decentralized token distribution mechanism is fair, just and untrustworthy, which fits the essence of blockchain and makes it easier to form consensus.
Second, FTNDEX created a four-fold repurchase and destruction market value management mechanism. The first redestruction mechanism generates revenue by allowing users of NFT social interactive games to destroy FTN tokens themselves. The second destruction mechanic uses 50% of the game’s revenue to buy back destruction. The third re-destruction mechanism carries out repo destruction through the platform Token transaction fee. The Token transaction on the FTNDEX platform charges 0.3% commission fee, among which 0.1% triggers the smart contract to enter the repo fund pool. When FTN price is lower than the 72-hour average price, the smart contract will be triggered for repo destruction. The fourth redestruction mechanism will destroy FTN through the platform NFT asset transaction fee repurchase, which will be implemented in FTNDEX V2. The quadruple repo destruction mechanism ensures the rarity and high value of FTN.
Third, FTNDEX will inject 0.15% of all Token trading volume of the daily platform into the fund pool to be rewarded. Users will receive rewards through the specified LP Token and FTN single currency pledge. The rewards include FTN and USDT. Decide how many bonuses each pool will pay out each day. With the continuous development of the platform ecology, the trading volume of Token will be larger and larger, and the fund pool to be rewarded will also be larger. The rich rewards will lock in a large number of FTNS, further improving the value of FTNS.
Fourthly, the infrastructure built by FTNDEX (including DEX, NFT trading market, NFT lending, NFT mining, etc.) provides convenient circulation and trading places for various assets (including Token and NFTs) in the meta-universe and chain game economy, as well as smart contracts for lending, and then builds FTN-LEA chain game union. The NFT assets owned by the trade union are leased to allow the members of the trade union to participate in the corresponding chain tour tasks, and the profits are obtained through the way of earning while playing. At the same time, it also expands more users for the meta-universe and chain game economy.
With the support of such a sound blockchain infrastructure and the support of experienced and dedicated offline online game workers,
FTNDEX is bound to become a shining star in the field of blockchain by taking advantage of the NFT meta-universe and chain travel.
FTNDEX chain traveler DAO
FTNDEX DAO system will be officially launched in FTNDEX V2. Its name is FN-LEA.
FTN-LEA operates as a decentralized community autonomous organization (DAO) to invest in non-homogeneous tokens (NFTs) based on virtual worlds and blockchain games. The organization’s biggest mission is to build the world’s largest virtual world economy, optimize and maximize the utility of its community-owned assets, and share the profits with token holders.
FTN-LEA Vision
Fn-lea combines the advantages of non-homogeneous Token (NFT) and decentralized finance (DeFi), and uses the infrastructure built by FTNDEX (DeFi, DEX, NFT trading market, Token lending, NFT lending, NFT mining, LP liquidity mining, etc.). Provide convenient circulation and trading places for various assets (tokens and NFTs) in metacomes and chain game economy, as well as smart contracts for lending, and expand more users for metacomes and chain game economy and add value to the virtual world through the training and traffic of offline communities.
FTN-LEA will own and develop assets in the meta-universe and chain travel. FTN-LEA believes that with the passage of time and the progress of technology (complete new technology industry chain, arm architecture chip, cloud, block chain, Internet of Things, robots, AR/VR, etc.), the virtual economy will be more valuable than the real economy. At the same time, FTN-LEA will create value for union members in the virtual world, allowing them to thrive and gain wealth in the virtual environment.
FTN-LEA business model
The main income of FTN-LEA comes from the direct or indirect use of assets owned by FTN-LEA. Through the lease plan, the members of the trade union use these assets to participate in the activities or battles of corresponding games, and the income obtained is shared with the trade union.
NFTs held by FTN-LEA, tokens benefit from the rising value of in-game assets and are reflected in the value of natively-homogenous tokens (BTC, ETH, BNB, USDT, etc.) on the open market. Take Axie Infinity, whose NFT asset, Axie, went from $3 to more than $300 in a matter of months and is still appreciating. Its platform token AXS has increased by more than 600x, and the game’s production revenue token SLP(Love Potion) has increased by more than 150-fold.
The value of all FTN-LEA activities will be reflected in the FTN-LEA governance token.
FTN-LEANFT Game selection criteria
FTN-LEA business model requires the following “earn while playing” games to be recognized by DAO and promoted to all FTN-LEA union members.
Virtual land ownership is available;
Have original tokens, and token distribution, economic model scientific and reasonable;
Have a “earn while playing” mode that allows players to spend time during game activities to earn native tokens;
With a certain level of playability, entertainment, interaction, with the continuous progress of technology, the standard will gradually improve.
