2022-05-06 11:56:07
The deflation mechanism: how it works and where it all leads
Friends, surely you know, that every night, 20% of the primary market goes into the deflation mechanism. And, as early as Friday night, it will finish its work - absolutely all of the remaining NFTs in the primary will fall into it.
What is going to happen to them?
These NFTs will be "locked" for 3 months, any operations with them will be impossible. After 3 months, you'll be able to "farm" them out, or get them in our services and game, but it will be hard and expensive. NFT will come back to the market in half a year, at best.
What tokens have fallen under the deflation mechanism?
A minor number of Tier2s and some Tier1s were "frozen", reducing the overall supply. NFT current holders of these Tiers became more valuable.
Why is the value of the remaining NFTs increasing?
New members looking to buy NFTs are constantly coming into the project. They will have to buy Tier2 and Tier1 from the deflation-limited supply. Demand will simply begin to exceed supply.
The newly floated whales will be in for a real hunt, as Tier2 and Tier1 give highly significant bonuses in other services. Like extra yield percentages in steaking, as an example.
Imagine if a whale had 100,000 TON, which he now holds at 10% APR? And if you have 8 Tier1, the yield will be 14%.
Is it significant for such amounts? It sure is!
Also, higher Tiers play a more significant role in the future game, which development is moving by leaps and bounds, and has already found its main features. The Play2Earn format brings plenty of participants who are eager to profit, and the presence of NFT will greatly increase revenue, which also boosts demand!
The current situation on the market can be compared to a stock market cup: the Tier2 and Tier1 are now "stacked" from the primary market. That is a forced measure to allow everyone interested in buying the NFTs they like to get acquainted with the platform, to wait for the opening of OKX, and let the market settle down.
And, tomorrow night, the market will roll out in full force. It's time!
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