WSB’s IDO on NFTb will be the first in a series of moves that will bring more benefits to holders of the $WSB token.
New Crypto Alliance
Community-driven DeFi protocol, Wall Street Bets (WSB), and NFT ecosystem, NFTb, have entered into a partnership that aims to benefit both communities. The partnership will enable WSB to expand its adoption using the utilities provided by NFTb’s DeFi-as-a-Service offering.
“We’re pleased to announce our new partnership with NFTb, a leader in the NFT and DeFi space. By partnering with the folks at NFTb, we’re building a framework where both DeFi and NFT primitives work together with a common goal of providing benefits to both communities”, WSB announced in a recent blog post.
What is “DeFi as a Service”.
DeFi as a Service (DaaS) is a unique service package that NFTb offers its project partners. NFTb’s DaaS comprises several DeFi and NFT utilities that other projects can leverage for accelerated growth. These utilities include:
NFTb Marketplace: A multi-chain premium NFT marketplace which can give a worldwide exposure to NFT-based projects.
NFTb Earn: This is NFTb’s DeFi hosting platform. Projects who want to offer staking and yield-farming opportunities to their communities can host such services on NFTb Earn. It saves those projects the overhead costs of building their own smart-contracts and DeFi instruments for those services.
NFTb Launch: NFTb Launch is a novel NFT launchpad. It is a provably fair medium through which projects and creators can launch their NFTs on Binance Smart Chain.
All is set for IDO
To kick off its partnership with NFTb, Wall Street Bets will conduct a WSB token sale – IDO, as well as launch interest-yielding vaults. NFTb gave the details of the IDO in a December 8th post:
IDO Start time: December 9, 12pm UTC
Number of WSB Tokens on offer: 10,000,000 (9,000,000 for Private pool and 1,000,000 for Public pool)
Offer price: $0.01
Duration: 2 days – 1-day private pool and 1-day public pool.
Unlock Schedule: 30% immediately after sales, 70% over a 6-month vested schedule.
To be eligible for either the private or public pool, participants must stake some NFTB in NFTb’s Tiered Model. See this post for other details about the different IDO staking requirements, staking vaults etc.
Rebirth of WSB
After lying low for a while, WSB seems set to buzz again. WSB recently shared a post outlining the proposed use-cases of the WSB token which include Exchange Traded Portfolios – ETP, NFTs, and a Hedge fund all designed to benefit WSB holders.
One of the aims of the WSB team is to bring down Wall Street – a pseudonym for the centralised financial system. WSB is an advocate of financial democracy that will benefit the community much more than centralised institutions profiting at the expense of the community. With a like-minded partner in NFTb, the platform hopes to expand its ecosystem and put financial power and control back into the hands of the people.
Where to find Wall Street Bets
Where to find NFTb
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
