Why
@j00ce_inc Phase 2 is so Bullish ๐ง
๐๐๐๐๐ ๐๐จ๐ค๐๐ง:
$j00ce is an SPL20 token. SPL20s are NFTs with inscribed text that function as fungible memecoins. SPL20 NFTs can be bridged into regular SPL tokens and vice versa activating them as a hybrid token. This allows for a two-way liquidity portal by coupling the NFT market and token market into one. The NFT in this case becomes deflationary as more holders decide to split their NFT and trade it as regular SPL tokens instead. In this hybrid token model, it is both an NFT and an SPL token depending on the version you decide to keep it in.
๐๐๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐ฏ๐ข๐ ๐๐จ๐ค๐๐ง ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง
Consider someone buying a $j00ce NFT and swapping it for 75 $j00ce tokens. Then, they sell those tokens on the open market. As a result, these $j00ce tokens scatter across various wallets, making it highly unlikely for them to be pooled back into one wallet to be swapped for an NFT again.
As the token continues to get distributed the NFT count continues to deflate making the NFT rarer over time.
๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ข๐ญ๐ซ๐๐ ๐
The SPL20 token standard is a unique hybrid model that binds the NFT and token markets. It combines both NFTโs and tokens into one creating the NFTxTOKEN. 1 $j00ce NFT = 75 $j00ce tokens, and this exchange works both ways.
You can swap your NFT with the libreplex bi-directional bridge. There, you can interchange $j00ce NFTs and tokens as frequently as you desire. You will need 75 $j00ce tokens in order to convert the tokens back into an NFT.
๐๐ฐ๐จ-๐๐๐ฒ ๐๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ ๐๐จ๐ซ๐ญ๐๐ฅ๐ฌ
As the market for $j00ce grows, so do the interesting arbitrage opportunities presented by being able to simultaneously trade the NFT on markets like Magic Eden and Tensor Trade, and also with token markets such as Birdeye. This is a two-way liquidity portal as there are now two different markets in which liquidity can enter.
This scenario will naturally attract liquidity, leveraging the arbitrage opportunities that will emerge and will continue to do so.
๐๐๐๐จ๐ง๐๐๐ซ๐ฒ ๐๐
๐ ๐๐๐ซ๐ค๐๐ญ๐ฉ๐ฅ๐๐๐ ๐๐ฌ ๐๐๐ ๐๐ฅ๐ข๐ฆ๐ข๐ง๐๐ญ๐ข๐ง๐ ๐๐ฅ๐ข๐ฉ๐ฉ๐๐ ๐
Secondary NFT marketplace enables trading of $j00ce without directly transacting the tokens. Large transactions occur through NFT trades, each representing a stake in the $j00ce token supply. Typically, large orders in token markets cause price changes, leading to slippage. Trading NFTs, which represent a fixed number of tokens, allows for large transactions without affecting the token's market price directly, thus eliminating slippage. This allows for a trustless, permissionless and decentralized OTC market for $j00ce while simultaneously solving the issue of slippage when trading in token markets.
j00ce Phase 2 is now LIVE! ๐ง
j00ce is now a hybrid token that can be traded as an NFT and an SPL Token.
๐ฃ๐๐๐๐ ๐๐๐ญ๐ซ๐ข๐๐ฌ
1 $j00ce NFT = 75 $j00ce tokens
NFT Supply: 1000
Total $j00ce Token Supply: 75,000
Swap your $j00ce back & forth at Libreplex
Swap Link Below โคต๏ธ