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Celphish Finance Become the Next Decentraland, the Sandbox? – Coin24h.com

Celphish Finance Become the Next Decentraland, the Sandbox? – Coin24h.com

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At the time of writing, the NFT market is worth over USD 11 billion. Another research report from Verified Market Research (VMR) predicts that the NFT market will reach an estimated $230 billion by 2030.

While the value of the NFT market varies by source and their Compound Annual Growth Rate (CAGR) estimates, we can only conclude that NFTs are here to stay and will continue to reach billion dollar values ​​in the future.

OpenSea, one of the pioneering NFT marketplaces, is valued at over $10 billion, other top marketplaces include Rarible, Foundation, SuperRare, Nifty Gateway, LooksRare and so on.

Celphish Finance, a new entrant in the NFT trading space and supports easy NFT liquidity and targets the aforementioned top valuation NFT marketplaces, including metaverse-based marketplaces such as The Sandbox and Decentraland.

Source: Celphish Finance

Let’s see more about the NFT market and Celphish Finance below.

What is an NFT Marketplace?

NFT marketplaces are platforms for creating/minting, buying and selling NFTs as a collection or individual project. It’s hard to find internet savvy users who don’t know what NFT is or means. The NFT marketplace is where all activities related to the creation and trading of NFTs are settled.

With growing NFT requirements and interests, NFT marketplaces are needed en masse for efficient and fast processing of NFT transactions. A major problem with early NFT marketplaces was liquidity. Celphish Finance is one of the few emerging NFT marketplaces that aims to change the story and enable cross-chain NFT interoperability.

Source: Decentraland

Why we need cross-chain NFT marketplaces

Inter-chain protocols have recently faced some security setbacks, making it very difficult to trust these protocols with our assets. However, cross-chain protocols are very much needed for the following reasons:

1. Easy liquidity

Cross-chain NFT marketplaces facilitate the conversion of NFT between multiple chains quickly and easily. These types of marketplaces allow different blockchain networks to communicate by removing the barrier of exchange between chains.

For example, Ethereum NFTs (ERC-721) can be traded or sold in another protocol as Solana or Polygon NFTs, making it possible for anyone with any blockchain standard token (ERC-20 or BEP-20) to mint and auction NFTs: t without any hassle.

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2. Fast trades

Easy exchange between chains makes liquidity cheap and easy. You can mint and auction your NFTs on a single platform that supports different blockchain networks. For example, OpenSea supports about four to five blockchain networks; This makes it very easy to spend the tokens or coins of any available blockchain network and their underlying NFT networks.

3. Improved user experience

Cross-chain NFT marketplaces improve the user experience thanks to their easily accessible liquidity and fast transactions. Users can conveniently exchange NFTs between multiple chains and receive their payouts through various crypto options.

4. Better efficiency

Cross-chain NFT marketplaces have better efficiency and results than single-chain marketplaces because of their overall efficiency and faster transaction speed than many normal NFT marketplaces.

Source: Celphish Finance multi-chain protocol

What is Celphish Finance?

Celphish Finance is a DeFi ecosystem that provides seamless DEX and NFT services. It also aims to provide smartphone interoperability, bringing crypto and NFT functionality to mobile users.

Celphish Finance aims to create a platform where NFTs and cryptocurrencies can be exchanged at the lowest possible cost and also at a faster transaction speed.

Celphish Finance introduces us to a new cryptocurrency – its original cryptocurrency – called CELP. CELP will be at the center of all activities entering and leaving the ecosystem, as well as activities taking place within the ecosystem.

Start using Celphish Finance by purchasing and holding a CELP token. You can buy a CELP token from the pre-sale on the main Celphish Finance website. Otherwise, wait for a public release that will bring the token to a decentralized or centralized exchange.

What makes Celphish Finance unique

Celphish Finance is almost similar to many other projects/protocols, so what makes it unique? Why should you even trust it? Here are some features of Celphish Finance that should give you a glimpse of what it has in store for community users and traders.

CELP Token

The CELP Token is at the heart of the Celphish Finance ecosystem and controls how transactions are executed and validated across the platform. CELP can be exchanged on a centralized or decentralized exchange where it is whitelisted.

CELP is also used for future governance and community driven incentives such as pool staking and so on in Celphish Finance. CELP token holders earn a portion of online fees paid during normal AMM DEX transactions.

CelphishSwap

CelphishSwap is Celphish Finance’s protocol for crypto trading. CelphishSwap is an automated market maker (AMM) that creates a pool where liquidity providers can deposit liquidity and earn portions of transaction fees for each completed transaction.

CelphishSwap also provides cross-chain liquidity to increase liquidity production and efficiency on the DEX. CelphishSwap comes up with a mobile app that allows smartphone users to access liquidity with a simple one-click feature.

Celphish Finance NFT Marketplace

Celphish Finance’s NFT offering is unique and presented together with CelphishSwap in a mobile app. As a decentralized protocol, users can decide their activities on the platform simply by holding the CELP token.

Celphish Finance’s NFT marketplace provides cross-chain NFT services to create super-fast and easily obtainable liquidity via NFT. Marketplaces like OpenSea and Rarible allow for easy minting and auctioning of creative and Degen NFTs.

How Celphish Finance Follows After Decentraland, The Sandbox

Decentraland is one of the most sought-after NFT metaverse platforms in the DeFi space. The same goes for The Sandbox, which has been in the gaming industry before it fully joined DeFi.

Both Decentraland and The Sandbox provide a model upon which Celphish Finance’s NFT services are modeled. Celphish Finance follows these platforms to provide an intuitive platform to its users and prospects. It also aims to solve the minor difficulties experienced in these platforms to create a better version of them.

Celphish Finance collaborates with industry leaders and also attracts the most enthusiastic community and DAO governance bodies to scale the ecosystem and bring more innovation.

Celphish Finance community members can be any group of people who have a CELP token and are willing to lock them in to grow the ecosystem. Community members and network contributors are heavily rewarded with a portion of the fees generated by the protocol. Members can also increase their profit margin by using the CELP token as they can participate in random giveaways and airplays held in the ecosystem.

How to Buy Celphish Finance Token (CELP)

If you are inclined to join Celphish Finance, you must have the token easily locked in your crypto wallet. This means you should have an active wallet where you send and receive digital assets.

Next is to visit the main Celphish Finance website where it is currently on pre-sale and register for the offer. The pre-sale is supposed to last 60-90 days; during this period, Celphish Finance plans to dedicate more than 40% of its token supply (about 86 million tokens) to private and public buyers.

There are lots of bonuses for early buyers. Some rewards include 40% cashback when you buy within the first 30 minutes of signing up for the presale. In addition, you can earn up to 115% cashback when you buy a CELP token multiple times after registration. The good news is that these cashback bonuses grow the more you participate in the pre-sale.

Buy Celphish now

*This article has been paid for. Cryptonomist did not write the article and has not tested the platform.



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