ShoeFy SHOEPrice $ 0.000814

ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFT's potential by including both farming and staking to generate passive income. Users will have the opportunity to mint various classes of sNFT (common, rare, unique, epic, legendary, and mythic) and resell them in the secondary market. In addition, the sNFT holder will also have the option to stake their assets in the ShoeFy staking pool or become a Liquidity Provider in the ShoeFy liquidity pools and earn additional incentives.

Key features of ShoeFy:

• Interchangeable value for NFT and FT in a single platform. The current markets of NFTs are limited to buying, holding, and selling. ShoeFy monetizes the sNFTs used in tools such as farming and staking in the platform. In addition, ShoeFy is a platform where NFTs and FTs will have value interchangeability. With the sNFT/$SHOE liquidity pools in the platform, users can instantly swap their sNFTs for $SHOE and vice versa. The ability to easily swap sNFTs for $SHOE enhances the sNFTs liquidity with the help of the $SHOE token
• Generate Passive Income. Users can stake their sNFTs and earn rewards in $SHOE. $SHOE tokens can be staked to farm different categories of sNFTs from common-mythic shoes. Users can also take part in the liquidity pools and earn $SHOE tokens. The rewards received can be staked again into the pools in a cycle, compounding and generating passive income for the users
• Profit Optimizing Scheme. A limited number of booster bNFTs will be minted for sale. These boosters give the sLP and LP token the ability to multiply their yield performance depending on the category of booster they purchased. For example, holding a 2x booster with an LP token will let the user harvest twice as many rewards as a standard LP token can earn
• User-Friendly Interface for Ease of Control. ShoeFy's platform is designed with great care to bring up the best of its utility features in the simplest form. With the pleasant user interface, any beginner with the basic knowledge of NFT and Defi can easily navigate through the tools and features in the platform.

In the early stages, ShoeFy will be semi-centralized to develop faster and keep the platform safe. Initially, users can submit feedback and contribute to the project through our community channels, which the team will evaluate and implement. After the ecosystem gains good traction, the team will begin to transition to a new Decentralized Autonomous Organization (DAO) where the changes required will be made through ShoeFy Improvement Proposals (‘SIPs’). Users can vote for or against the proposals.