ShoeFy

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.‌

It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFTs potential by including both farming and staking to generate passive income.

ShoeFy will have two tokens namely, $SHOE(ERC-20), the native Fungible Token and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital shoe on the platform. The user can stake their sNFTs on the platform to earn passive income in the form of $SHOE tokens. ShoeFy also features the NFT farming feature on the ShoeFy platform where users can stake their $SHOE tokens to farm the different categories of sNFTs.

ShoeFy aims to solve the NFT liquidity issues by introducing the ERC-20/ERC-721 liquidity providing pair so that traders can swap their sNFTs for $SHOE tokens and vice versa, any time they want. The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts spanning from Europe to Canada and onto South Korea & Thailand in SE Asia. ShoeFy has a long-term vision to innovate and evolve over time.

ShoeFy will tap into the different ecosystems of Gaming, Collectibles, and establish a presence in the metaverse, with digital kicks that are unique. Later this will lead to expansion to different other merchandise, partnering with reputable fashion brands