Layerfi NFT Membership System
Layerfi membership is a special plan for Layerfi to drastically address user management, which is a problem of decentralized Defi, and to provide users with various benefits based on their membership grade in Layerfi Finance.
So, What is it exactly?
As we explained in the first introduction, we noted the value of combining with NFT in the Defi project, and the NFT Card service is a core membership program for Layerfi. Layerfi NFT Card is a limitedly issued and classified card that plays an important role in providing incentives within the platform. Membership services that have not been experienced in other decentralized platforms will be issued on a limited basis by grade, divided into four classes (Black, Gold, Silver, Bronze) of the ERC-721 type NFT cards.
The initial issuance of NFT Card can be purchased at auction from the beginning of Layerfi membership service, and in order to purchase it from various markets (DEX, CEX), flexibility should be offered through LF Pool, and LF token must be mined. Also, throughout Layerfi Exchange, you can trade cards according to market valuation.
The membership service offers four main services:
- When you stake LF card, you can receive annual rewards for required LF quantities per card
- Refund by grade when you use Exchange and OTC Market
- Share 10% of platform transaction fee revenue
- Initial Project Investment Opportunities with SandBOX
To receive benefits of these NFT cards, you must stake your cards directly via dapp and require a 7 day release period until unstaking, as detailed below for each card grade.
These membership system can then be eligible for initial investment in new projects by voting by governance, such as partnerships with other projects and distributing profits within the platform, making decisions to change the amount of card issuance or LF required, and holding and staking membership cards.
