What is NFT20?

NFT20 also allows you to own a fractional share of an NFT in the collection. For example, if you own 50 KONGZ20 then it means that you own 50% of a Floor CYBERKONGZ(the cheapest CYBERKONGZ ).

Use cases for the NFT20 pool and KONGZ20 :

Note: All CYBERKONGZ are treated equally in the pool so you should only deposit CYBERKONGZ that you think are common (i.e Floor CYBERKONGZ)

We will go over each of the above use cases in more detail below.

Note: Unlike using KONGZ20 , you can swap a CYBERKONGZ in your wallet for another CYBERKONGZ in the pool without the 5% fee and only pay a gas fee.

If you click on the arrows between the “FROM” and “TO” fields, it will let you change the direction of the swap (just like Uniswap). Now you can swap 100 KONGZ20 for a CYBERKONGZ !

There’s also a new feature where you can also directly buy a CYBERKONGZ from the pool using ETH without dealing with KONGZ20. The NFT20 platform will do all the Uniswap operations for you in 1 transaction. There’s a 5% fee to it but it might be more cost-efficient since you can save on gas fees.

There will need to be enough liquidity in KONGZ20 in order to perform this operation.

$MUSE token serves as the governance token for the NFT20 exchange and holders will receive 5% in transaction fees collected through all NFT trades on NFT20.

Note: the farm might be deactivated depending on the activity

The farm for KONGZ20 is active as of the time of the writing but it might be replaced by another more actively used NFT20 pool when the NFT20 Team sees fit.

The Floor Price of CYBERKONGZ on NFT20 and the token price of KONGZ20 fluctuates with the buy and sell transactions.

If more people buy KONGZ20 tokens, then the KONGZ20 token price and the Floor Price (100 KONGZ20) of a CYBERKONGZ on the NFT20 pool go up. If more people liquidate their KONGZ20 tokens for ETH, the price goes down.

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