NFT rigs often come into the picture offering tangible utility value that can be quickly used. Enter EarnX, a subsidiary of Yearn Classic Finance that looks at NFTs in a whole new way. EarnX takes RFID technology and intertwines blockchain technology to revolutionize NFTs. They fired EarnX NFT GalleryThey work to stock the gallery with a community-driven approach.
RFID integration will allow physical products to be integrated with NFTs throughout the show. Since EarnX is a community-based token, there is an integration of the community’s ability to vote for products and participate in auctions.
One of the main benefits of EarnX token is that it is deflationary – allowing you to earn more as your tokens exist. The token holds voting rights, influences and influences producers and artists who join EarnX, and emphasizes rarity, stability, and utility.
In order to combat price gouging, the token also has a 10% tax on all transactions. 5% goes to a closed pool for four years. The remaining 5% returns as a weighted distribution of token holders and copy address. Built on BSC, EarnX also carries low gas and continuous burning fees, allowing for price stability and use case benefits, while still motivating long-term holders to continue. The fluidity of the protocol is particularly secure, thanks to the partnership with DxSale.
The team has also published a forward-looking roadmap, with a large focus on NFTs looking into the coming months. In another announcement this week, the EarnX team shared that NFAXE will be a Q3 project; NFAXE is a physical ax and an associated NFT that is sent to the winning bidder of the NFT. Another project, NFCarpet, was shared by the Earn team as well.
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EarnX is hot off the press Partnership announcement With the Bella protocol earlier this month, too. The partnership looks to explore three core clusters: providing premium NFTs backed by physical art in DeFi, community collaboration, and exploring innovation around NFT mining, dynamic NFTs, and NFT Airdrops. In a statement regarding the partnership, EarnX co-founder Marcus King also noted that there will be a “physical NFT suite for the Bella Protocol” in the future.
EarnX token has also been added as a backed token on Bitrue to start the month. Bitrue users can now trade the EARNX token with USDT and XRP. EarnX is also one of the DeFi and NFT pillars of the Binance smart chain. As partnerships and exposure continue to come alive, EarnX is looking to continue to be aggressive with the growing landscape of DeFi and NFT.