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Leading web3 fintech project NFT Finance (NFTFN) recently concluded the initial round of its highly anticipated presale. This stage saw retail traders and crypto whales rapidly buy up 10 million NFTFN tokens at $0.025 each in a very short span of time.
The second stage of NFTFN's presale is now live, where 25 million tokens are up for grabs at just $0.03 apiece. After raising $250k from the first stage in record time, all eyes are on stage 2 of the presale, which is expected to sell out even faster than the initial round.
The team behind NFTFN set out to tackle the various challenges surrounding the non-fungible token (NFT) market, including lack of risk management tools and expensive entry barriers. SuperNova (SNV), NFTFN's flagship offering, is a revolutionary trading platform that offers sophisticated financial instruments like an NFT floor price index.
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SNV users can enjoy exposure to blue chip NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX, without needing to own the NFTs themselves. This innovative approach creates a dynamic and inclusive trading environment, benefiting those that were previously excluded from premium NFTs.
NFTFN has raised $500k from a list of impressive investors that includes Polygon founder Sandeep Nailwal, Dapps, and Sigurd Ventures. The project has also signed partnership agreements with industry leaders like Binance Smart Chain and Polygon (Blockchain Partners), OpenSea and BitsCrunch (Pricing Partners), and Google Cloud Platform (Cloud Partner).
With its well-planned tokenomics, the team behind NFTFN has prioritized long-term stability. Only 20.% of the total supply has been allocated for public sale in an effort to control its circulating supply and short-term volatility. Another 5% of the tokens have been set aside for liquidity provisioning.
After achieving the goals set for stage 1, NFTFN is now looking to raise $750k from the second stage of its presale. So far, the total amount raised from the presale has crossed the $300k threshold. Traders and investors have already bought more than 1.7 million tokens in the second stage. At this rate, stage 2 of the presale will likely conclude sooner than stage 1.
Investors who participate in the second stage of NFTFN's presale, have the opportunity to align themselves with an exciting and dynamic NFT market that is projected to experience explosive growth and reach a whopping $230 billion by the end of the decade.
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