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Why @j00ce_inc Phase 2 is so Bullish 🧃
𝐒𝐏𝐋𝟐𝟎 𝐓𝐨𝐤𝐞𝐧:
$j00ce is an SPL20 token. SPL20s are NFTs with inscribed text that function as fungible memecoins. SPL20 NFTs can be bridged into regular SPL tokens and vice versa activating them as a hybrid token. This allows for a two-way liquidity portal by coupling the NFT market and token market into one. The NFT in this case becomes deflationary as more holders decide to split their NFT and trade it as regular SPL tokens instead. In this hybrid token model, it is both an NFT and an SPL token depending on the version you decide to keep it in.
𝐃𝐞𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐯𝐢𝐚 𝐓𝐨𝐤𝐞𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧
Consider someone buying a $j00ce NFT and swapping it for 75 $j00ce tokens. Then, they sell those tokens on the open market. As a result, these $j00ce tokens scatter across various wallets, making it highly unlikely for them to be pooled back into one wallet to be swapped for an NFT again.
As the token continues to get distributed the NFT count continues to deflate making the NFT rarer over time.
𝐂𝐫𝐨𝐬𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐫𝐛𝐢𝐭𝐫𝐚𝐠𝐞
The SPL20 token standard is a unique hybrid model that binds the NFT and token markets. It combines both NFT’s and tokens into one creating the NFTxTOKEN. 1 $j00ce NFT = 75 $j00ce tokens, and this exchange works both ways.
You can swap your NFT with the libreplex bi-directional bridge. There, you can interchange $j00ce NFTs and tokens as frequently as you desire. You will need 75 $j00ce tokens in order to convert the tokens back into an NFT.
𝐓𝐰𝐨-𝐖𝐚𝐲 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐏𝐨𝐫𝐭𝐚𝐥𝐬
As the market for $j00ce grows, so do the interesting arbitrage opportunities presented by being able to simultaneously trade the NFT on markets like Magic Eden and Tensor Trade, and also with token markets such as Birdeye. This is a two-way liquidity portal as there are now two different markets in which liquidity can enter.
This scenario will naturally attract liquidity, leveraging the arbitrage opportunities that will emerge and will continue to do so.
𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐍𝐅𝐓 𝐌𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞 𝐚𝐬 𝐎𝐓𝐂 + 𝐄𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐒𝐥𝐢𝐩𝐩𝐚𝐠𝐞
Secondary NFT marketplace enables trading of $j00ce without directly transacting the tokens. Large transactions occur through NFT trades, each representing a stake in the $j00ce token supply. Typically, large orders in token markets cause price changes, leading to slippage. Trading NFTs, which represent a fixed number of tokens, allows for large transactions without affecting the token's market price directly, thus eliminating slippage. This allows for a trustless, permissionless and decentralized OTC market for $j00ce while simultaneously solving the issue of slippage when trading in token markets.
j00ce SPL20@j00ce_inc
j00ce Phase 2 is now LIVE! 🧃 j00ce is now a hybrid token that can be traded as an NFT and an SPL Token. 𝐣𝟎𝟎𝐜𝐞 𝐌𝐞𝐭𝐫𝐢𝐜𝐬 1 $j00ce NFT = 75 $j00ce tokens NFT Supply: 1000 Total $j00ce Token Supply: 75,000 Swap your $j00ce back & forth at Libreplex Swap Link Below ⤵️
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