How to Play HotPotato NFT？
What is NFT?
NFT（Non Fungible Token）is a non-homogeneous token. It is a digital asset with unique and mutually irreplaceable attributes. Each NFT has a unique identity that is not interchangeable and has unique scarcity. NFT enjoys a wide range of usage scenarios, which can not only characterize digital assets itself, but also certain special-purpose vouchers such as property certificates, artworks, tickets, etc.
As a niche product in the crypto community, many users may not be aware of NFT and how it works. However, a number of people may be familiar with CryptoKitties, a blockchain game where users breed virtuals cats and sell them for real money. CryptoKitties is NFT’s first phenomenon-level product which gained popularity after its launch in 2017. At that time, the most expensive cat sold for a whopping 700 thousand dollars. Each CryptoKitty corresponds to an NFT on the Ethereum chain. Besides having a corresponding unique ID and gene, every cat carried an independent and fundamental value.
As a brand-new value carrier, NFT has been widely used in real asset mapping, encrypted art collection, ticketing and other fields due to its non-replicability and scarcity. However, NFTs currently tend to be structured in a single way on the market — in the form of encrypted art or game items that represent cultural or game values. So does combining NFT with the current hot DeFi add more value to NFT?
What is HotPotato NFT?
HotPotato is a DeFi project with modular design. In addition to the current innovative rebase mechanism, flexible supply of tokens, liquidity mining, and Hot One pool, HotPotato will launch an NFT module soon.
HotPotato NFT is a BEP-721 standard NFT token with multiple values. In HotPotato product ecology, NFT will be endowed with different functions, such as combining algorithmic stablecoin modules to increase the weight of users to obtain currency.
The native NFT token of Hotpotato is Hotpotato NFT, which can be obtained in the following three ways:
1. Participate in airdrop activities
2. Users who are deeply involved in our community can earn rewards
3. Provide liquidity
Hotpotato NFT airdrop will be launched in the coming few days. The launch contains five levels with each level having a different price. Players can get Hotpotato NFT tokens by joining the telegram community, following Twitter and other activities. Users can trade the airdropped Hotpotato NFT through OpenSea. Hotpotato NFT with a higher level can sell ETH at a higher price.
Why holding HotPotato NFT?
The main difference between HotPotato NFT and other NFT projects is the unique features that it possesses when combined with DeFi. For instance, it adds usage scenarios such as airdrops, mining, auctions and transactions to NFT, which has the potential to attract new users quickly. Lack of usage scenarios is an ongoing major concern in NFTs that has resulted in unsustainable use and lack of trust among users. Moreover, the absence of a corresponding mechanism to control the number of NFTs in the ecology has led to depreciation in the value of NFTs. This phenomenon has obviously led to dwindling enthusiasm in the market and consequently greatly reduced the number of participants in the market.
In addition to the mining and auctions mentioned above, another external form of HotPotato NFT is art collection, which means that it also has a collection value. Furthermore, HotPotato NFT is also an identity in the HotPotato ecology. Besides representing different gains, HotPotato NFTs of different levels are also medals of honor for participants in the ecology. Holders can enjoy HotPotato ecological benefits through HotPotato NFT. During the development of HotPotato, any participant holding HotPotato NFT can enjoy HotPotato’s unfolding benefits including airdrops, dividends, community rewards.
Contact us
Twitter: https://twitter.com/HotPotato_DeFi
Telegram:https://t.me/Hotpotatoglobal
Medium:https://hotpotatoblockchain.medium.com/
Website:www.hotpotato.one
HotPotato: A new “rebase +fomo” mechanism
