BNFY presale on IDO launchpad BSCStarter
BNFY Finance, a DeFi NFT Staking protocol on Binance Smart Chain, is launching a presale on the newest launchpad that’s shaking up the industry, BSCStarter. Potential investors should have their BNB in their wallet and will need to stake a minimum of 100 $START tokens on the platform at least 24 hours before the presale opens in order to participate.
The new DeFi protocol allows users to stake their crypto assets into NFTs (Non-Fungible Tokens) using the ERC721 standard, to earn the governance token of the platform $BNFY. When a user stakes their tokens, the protocol mints a new NFT for them and all the details of the users stake is recorded on-chain to the token’s metadata.
Since user’s crypto assets are staked on an NFT, this makes staking more secure and more flexible by allowing users to trade the NFTs on the open market. When users decide to liquidate, there’s no need to unstake and sell their assets, they can simply sell the whole NFT based on the current market value of all the staked tokens wrapped within it.
The BNFY smart contract was audited by Rug Detectives who also performed KYC on the lead devs behind the project to ensure there’s no potential “rug pull” or exit scam. The smart contract passed with no issues or potential exploits so user funds will be safe on the BNFY protocol.
The presale or “IDO” is set to take place on Thursday April 1st. 2021, at 12pm EST here: BSCStarter.finance. There will be 15,000 BNFY tokens for sale priced at 1BNB:25BNFY and a maximum allocation of 10 BNB per user, on a first come first serve basis. A private seed sale which took place on March 15th, was completely sold out within minutes so investors should be ready at the time of launch. Once the presale is filled, 50% of the funds raised will be locked in a liquidity pool on Pancake Swap for 365 days.
About BNFY
BNFY is a DeFi NFT staking protocol that makes yield farming more secure and more flexible by allowing users to stake their crypto assets inside of unique NFTs which are tradeable on the open market with the staked value wrapped within. A fork of the extremely successful NFY project on Ethereum, BNFY is the first to launch this protocol on Binance Smart Chain and positioned to have similar or even greater success than the Ethereum based project.
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About BSCStarter
BSCStarter.Finance boasts itself as a community owned network for raising capital on Binance Smart Chain. Users can filter through the messy landscape where rugs overshadow the great potential of a growing ecosystem by voting yes on the projects they believe should make it through to the funding stage and voting no on the ones they think should not.
