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If you don’t know, the NFT Art money management token is another deflationary token like Bonfire and Safemoon that employ the same tokenomics system. 10% transaction fees, with 5% going to the Liquidity pool and 5% redistributed.
Now they did start with 100 quadrillion tokens, I cant hardly say that with a straight face. But they burned 50 quadrillion, which is still a ton.
However, if the associated platform I am getting ready to talk about is set up to burn and redistribute tokens with every transaction, it may not be as bad as it sounds. Especially if they expecting to have massive amounts of transactions everyday.
Now the chief executive officer just had an AMA a few hours ago and mentioned that they will be doing a manual burn of the tokens. However, they have to abide by the levy laws of Norway so he says his lawyers are working through it.
But these should be getting burned around the beta we’re all excited about. But at least he confirmed a manual burn of some tokens, so that’s a great thing for all you holders, as long as it’s the first of more to come. With that many tokens, even with transactions, we could use some help. But regardless, it’s looking optimistic.
Now the beta launch is what I am excited to see. It’s looking like it will be next month, but I was hoping to see a full launch by then, but there have been some sneak peeks. I like the music side for concert ticket ideas and record labels being in the mix, but at least this would automatically give this token more utility, at least initially, than some of the other deflationary tokens I’ve talked about. They’ve mentioned that they’re partnering with artists and music artist so I’m curious to see who they have in the pipeline.
With the beta coming up along with the token burn, we could see a jump in that price. Right now, we have a dip and we’ve been looking at a decent level of support. Over the past few days.
One thing that is an aggravation to me that I noticed right off the bat was the website, now before you say they’re planning on redoing it, I get it, and I hope because it’s not the best and their whitepages are not very sleek looking either.
If you’re thing is digital pieces of art and cool stuff. Your website should mimic that. Right? You can at least agree with me on that point.
And, if you’re developing a crypto, surely you have someone in your camp smart enough to bring some flare to the website. You want me to have confidence in your digital anything but your website needs work? Ehhh, that’s all I’m saying, I know, I know new website coming.
So NFTart did just move ahead of Bonfire in the most searched crypto on coinmarketcap.com. At the time of this filming, they are now sitting in 14th and was sitting a lot lower not long ago. They seem to be moving up. As they move up, those holders will be moving up too. When that platform goes live, I fully expect this thing to break into the top 10 and maybe top 5. At least for a minute.
All in all things seem to be pointing ina good direction for this one. Hopefully that momentum can keep pushing up.
I like the plan for utility already in place and I’m ready to give the world funky nutts mcdoogle smooch again.
#nftart #altcoins #altcoinstobuy
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