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Usecase & Utility
What are the utilities & usecases of the GEM token?🤔
GEM
has tons of utilities & use-cases throughout the
NFTmall
ecosystem.
- 1.
Use
GEM
to List, Buy or Sell NFTs on NFTmall. ( Using
GEM
as a payment gets a
50%
discount on Marketplace fees.)
- 2.
Marketplace Mining. (Top volume NFT collections & Individual NFT get rewarded)
- 3.
Liquidity Mining/Yield Farming. (
Stake LP get GEM reward
)
- 4.
GEM
stakers get a reward from Marketplace fees. (
50%
of Marketplace fees go towards
GEM
stakers.)
- 5.
Holding
GEM
allows governance of the platform.
- 6.
Stake
GEM
to rank higher on Smart Sorting Engine.
- 7.
GEM
is used in Auctioning NFTs and for NFTmall Launchpad.
- 8.
Deflationary token model,
Buyback & Burn mechanism
. (
25%
of the platform fees collected go to
Buyback & Burn GEM
.)

Last modified 1yr ago