Launching the NeftyBlocks Trade to Earn Marketplace!
NeftyBlocks is evolving. We started by empowering creators with the most convenient tools to drop NFTs. Thanks to you, we became the first-choice for creators to drop NFTs on WAX. Seeing so many of you succeed, drives us to keep going!
We believe that sustainable growth can only happen when win-win situations occur. The secondary market is a tremendous opportunity for our platform to grow. So, if we aim for growth, you should also grow, and when we achieve our goals, you should also achieve your goals.
To empower everyone involved with NeftyBlocks, we are now rewarding you, the community. We realized that more trading acitivity on NeftyBlocks means more benefits we can share with you. Trade together, stake together, earn together and spread the word!
Launching the #1 Trade to Earn marketplace on WAX!
Starting March 4th, we will share 100% of secondary market fees with stakers of NEFTY tokens.
Tokenomics 2.0
We are introducing 3 different reward mechanisms through the NeftyBlocks Rewards page.
- Staking NEFTY to earn WAXP.
- Farming NEFTY by providing liquidity.
- Earn NEFTY by listing, buying and selling NFTs exclusively on NeftyBlocks.
Use these trading rewards to participate in play-to-earn games, support new creators, take part in the WAX tokenomics, collect more NFTs from your favorite collection or.. stack WAXP! So, how does it work?
Stake NEFTY tokens to earn WAXP!
Just like all other marketplaces on WAX, NeftyBlocks collects a marketplace fee of 2% on all secondary NFT sales. We are sharing the WAXP fees from the secondary market with stakers of NEFTY tokens. By staking NEFTY, you are automatically accumulating WAXP rewards based on the amount of NEFTY staked, and the total 24h trading volume of the NeftyBlocks Trade to Earn marketplace. Starting March 4th, you can claim your rewards daily on the Rewards page on NeftyBlocks. The secondary market fees are shared according to the following schedule.
Secondary Market Fees Shared (paid in WAXP)
100% — Month 1 and 2
75% — Month 3 and 4
50% — Month 5 and 6
25% — Forever!
If you are a creator or collector and you are already staking NEFTY, you are automatically accumulating WAXP rewards. The WAXP rewards are claimable by the wallet that staked the NEFTY.
The percentages are subject to change. We are considering sharing higher percentages of WAXP with the community over a longer period of time depending on the volume of the Trade to Earn marketplace. Let’s make it happen, together!
Farm NEFTY to increase your stake!
Incentivized Liquidity Pool (Paid in NEFTY)
Next, you earn NEFTY by providing liquidity. We are incentivizing the NEFTY/WAX liquidity pool with a staggering 80,000 NEFTY tokens per week. Only liquidity that is provided through the NeftyBlocks Rewards page is eligible to receive NEFTY rewards. The rewards you can collect are proportional to your share of the WAX/NEFTY liquidity pool.
The Liquidity provided by the official NeftyBlocks wallet is not eligible for receiving NEFTY rewards. All the rewards go to the community members who provide liquidity through NeftyBlocks.
Trade NFTs to earn NEFTY!
Earn NEFTY by trading NFTs exclusively on NeftyBlocks.
By listing, buying and selling NFTs exclusively on the NeftyBlocks Trade to Earn marketplace, you earn NEFTY tokens. Traders are rewarded with a total of 10,000 NEFTY tokens per day. You can claim rewards daily. The rewards are based on your proportional share of secondary market trading volume over 24h.
To increase the WAXP you earn from staking, the NEFTY trading rewards are automatically staked. This way, you are compounding the rewards you get from staking. You can always decide to unstake your NEFTY and stop earning WAXP. There is an unstaking period of 72h.
On the WAX Blockchain, any NFT listing on any marketplace is visible across all marketplaces. Only NFTs that are listed, bought or sold through the NeftyBlocks marketplace are eligible for earning NEFTY rewards. Don’t miss out! We have made it easy for you to start earning on your NFT sales. Use the Migrate Listings button on the NeftyBlocks rewards page to start earning on your NFTs in 1 simple click.
Deflationary policies
Additionally, we are introducing a deflationary policy for the NEFTY token. All the services provided by NeftyBlocks are paid with NEFTY. From March 3rd on, all the tokens received as payment for banners will be burned! With the current demand and prices, an average of 50,000 NEFTY should get burned every week.
We need YOU!
What are you waiting for? List your NFTs on NeftyBlocks, Trade, Stake and earn!
With the launch of Tokenomics 2.0 to NeftyBlocks, we want to include you as much as we can in our growth. With this goal in mind, you benefit from marketing and using NeftyBlocks. To make NFTs on WAX the biggest success possible, we appreciate all your amazing efforts on Twitter, Youtube, Instagram, discord and other social media to make it known to the world.
Check out the explainer video!
