More About Dnft

in #dnft • 3 years ago

DNFT Protocol is a decentralized cross-chain NFT network. DNFT is a cross-chain decentralized NFT asset network based on Substrate, dedicated to building a new generation of cross-chain NFT protocol, Polkadot ecosystem decentralized NFT, infrastructure for gaming Dapps, and development kit for big data and AI.

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Where Can users buy DNFT Protocol (DNF)?
If users wanted to buy, sell or trade DNFT Protocol (DNF), they could do so on the following exchanges: -Hotbit, Bitmart and Hoo.

How Is the DNFT Protocol Secured?
DNF is an ERC-20 token which is based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake. Because DNFT Protocol is a cross-chain platform, DNF is also a BEP-20 token which is based on BSC. In the near future DNF will also support Polkadot which is based on Substrate.
There are 5 modules in the application of DNFT Protocol. They are: crypto art, AI, gaming, metaverse, and NFT + Defi.

Tokenomics
As the original token of DNFT Protocol network, mainnet DNF token will be issued when the mainnet network is launched. The total supply of the DNF token is 100 million. Before the mainnet DNF has been issued, the DNFT team will issue an ERC20 token which is convenient for the IDO and listing event. DNF bridge will allow ERC20 DNF holders to convert the ERC20 tokens to the mainnet DNF, which will be 1:1 freely convertible since mainnet DNF token has been issued. The DNF bridge will also allow users to transfer their ERC20 DNF to BEP20 DNF or HRC20 DNF if needed.

In the early stages of the DNFT protocol, governance will be implemented by the DNFT team and core community contributors. As DNFT Protocol has developed to a mature product, the governance will be implemented gradually by the DNFT Protocol DAO. After that, the development of the DNFT protocol is subject to the DNFT Protocol DAO.

Some of the powers that the DAO can control are:

  • DNFT Protocol development plan improvement

  • DNFT Protocol architecture improvement

  • NFT Management protocol (including NFT management tax system) improvement.

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3 years ago in #dnft by
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