PrivacySwap has fully transitioned into PrivacySwap 2.0. Now, let us discover what features and utilities PrivacySwap offers in our new series called PrivacySwap 2.0 Playbook: Genesis NFT
Before discussing this particular NFTis, let us first review what NFT is in general and why PrivacySwap decided to offer something related to it.
What is NFT?
NFT has become a hot topic recently. NFT-based games such as Axie Infinity also helped players to earn money at home despite the pandemic. With that, NFT has made headlines, driving people to join the hype, and providing ideas to developers to offer something similar. However, what is NFT?
Non- Fungible Token or NFT is a digital asset that symbolizes physical objects such as art, music, in-game items, and films. They are purchased and traded online, frequently using cryptocurrency, and are typically encoded with the same underlying software as many cryptos.
There are certain types of NFTs, as mentioned, and the prevalent one is an NFT-game. The mechanic of a standard NFT game is that you will need to hatch a specific monster or creature with a unique feature. You can earn from these NFTs by using them as your hero to play PVP against another player. You can also earn by selling these NFTS, trading, or hodling them.
Related Article: What is NFT, and how can YOU earn from it?
Now, what is PrivacySwap’s NFT?
PrivacySwap saw NFT as a fantastic avenue to offer something similar that will also benefit the community. They see how everyone who is engaged on the platform earns from participating in such an ecosystem. Therefore, PrivacySwap introduced its “Genesis NFT.”
PrivacySwap aims to go for a different approach in their first-generation NFT, and that is to utilize it to boost its native farms. They will be offering three iterations of NFTs that are categorized by their prices and benefits. These “Genesis NFTs,” as they call them, will come in Privacy Silver, Privacy Gold, and Privacy Diamond variations. Privacy Silver NFTs will cost you 0.18 BNB. Staking one of these NFTs will boost your APR up to 10%. A Privacy Gold NFT, which costs 0.38 BNB, can give you an extra 20% APR. Lastly, PrivacySwap’s Privacy Gold will provide you with an additional 50% APR, and this variation costs 0.8 BNB each.
Note that the NFTs can only be staked on native farms and pools that will reward you with PRV2.
Don’t miss out on the benefits of holding a PrivacySwap NFT! Head on to this page to purchase one (or more!): https://app.privacyswap.finance/nft
Genesis NFTs’ benefit and more
Aside from owning one of these exclusive collectibles, holding these powerful Genesis NFTs will give you a VIP-access to PrivacySwap’s NFT-centric features (differentiated from the PRVG-centric features). It could also provide you with access to PrivacySwap’s exclusive airdrops, be part of their whitelist, and more amazing benefits. Furthermore, these NFTs that you bought will be yours forever and can be carried over to all future layers of PrivacySwap.
We are soon launching an NFT staking pool, which will benefit current and future holders of our NFTs.
At the moment, there are still limited NFTs available; you should rush and buy one now to earn these exclusive benefits and more.
Summing it up
Since NFT offers such a fantastic return to its users, PrivacySwap saw it as an open field to plant crops out of it to give to its users. Thus, they created and developed these, Genesis NFTs. Now that everyone is slowly adapting to NFT, especially those new to DeFi, PrviacySwap believes this will be a different yet fantastic offering that can provide a massive return to its users.
PrivacySwap Great Migration has finally landed at its destination. Yet, they already announced the launch of their DEX that will come this Christmas. As we take a step closer each day to that new ecosystem, we would like to enlighten you on what PrivacySwap has to offer and how you should benefit from it. Watch out as we walk you through another episode of this series entitled “PrivacySwap 2.0 Playbook: The PrivacyCard.”