Fill Wokers

ShoeFy solves the lack of liquidity issues prone to NFTs with its user-friendly NFT swap site built into the platform. This swapping function is backed by the $SHOE/sNFT AMM liquidity pool in the platform. For example, if you deposit $SHOE and sNFT into a Liquidity Pool, you'd receive sLP tokens. The number of sLP tokens you receive represents your portion of the $SHOE/sNFT Liquidity Pool.

Being a liquidity provider rewards you in the form of trading fees when traders trade sNFT and FT. Whenever someone trades on sNFT swap, the trader pays a 0.3% fee, of which 0.25% is divided among liquidity providers of the swap pair they traded on.

Shoe collectors called shoebeasts can mint sNFTs and resell them in the secondary market, or shoebeast can stake the sNFT on the ShoeFy platform to earn passive income. If the first buyer sells the sNFT on the secondary market, he earns 2% of the selling price as a royalty for a certain duration every time the sNFT makes a trade in the future. If the shoebeast does not want to sell, he can stake it in the sNFT pool in the ShoeFy platform to earn $SHOE tokens as a reward. Either way, the sNFT generates passive income.‌