Flooring Protocol is a very hot protocol these days. Information about it is everywhere but not everywhere is true, especially about Safeboxs. Please post this article to help you understand it better.
Project vision:
Flooring Protocol wants to help reduce the barrier for users to enter the NFT ecosystem through “fragmented NFTs” and increase NFT liquidity.
Project mechanism:
Flooring Protocol’s goal is to list unified tokens, called μTokens, on centralized cryptocurrency exchanges like Binance to represent NFT projects. Users can own μTokens by sharding their NFTs via “Vault/Library” or “Safeboxes.”
-  Flooring Protocol : Redefining access through µTokens. – @flooringproto
Difference:
Vault requires users to place the NFT into the library and from there, they will redeem 1 million μTokens with no deposit required. Safeboxes allows users to retain ownership of their NFTs and also receive 1 million μTokens, but they must pay a premium in $FLC.
What is μToken?
μToken is similar to regular NFT sharders, but they do not generate “Erc 1155” but “Erc 20.” Each μToken represents 1 millionth of an NFT, and they can be exchanged for ETH, USDT, or other currencies.
Ability to restore fragmented NFTs:
Users can redeem 1 million μToken to restore the original NFT, but this NFT is random and cannot be determined in advance. Recovered NFTs typically have a lower value, and Flooring Protocol offers a solution of “Residual value for Safeboxes only.”
Rest values for Safeboxes only:
This is the solution for valuing rare NFTs, as their value is often difficult to determine.
When using the Safeboxes feature, “safebox keys” can collect the remaining value of rare NFTs.
When the floor price of BAYC is 30 ETH and your BAYC rare NFT is worth 40 ETH, you will receive 1 million μBAYC and a key worth 10 ETH when you sell the NFT. Overall, this SafeKey will help the holder to store the premium value of the rare NFT at the floor price. If anyone wants to buy that rare NFT, they need to buy the Key of that rare NFT along with 1 million μToken.
Features of the $FLC platform token:
$FLC has many uses such as creating a personal safe, unlocking VIP services, incentivizing liquidity providers, managing protocol finances, and maintaining protocol stability.
Liquidity providers can buy μToken and $FLC or ETH to add liquidity on Uniswap like other tokens because μToken is also ERC – 20 and receives rewards from the fee source.
Flooring Protocol has many more interesting details, but in general, these are the basic information NFT players need to know.
Top Gaming Tokens to Know in 2023
Some games such as Parallel, Big Time, and The Grapes have successfully launched new tokens with strong growth. Do you miss these games?
5 important factors when “hunting” for game projects:
ASSISTANCE
Participating in the project from the beginning will see many campaigns through social networks and participate in game testing, with higher benefits from trust and generous rewards.
Buying tokens at the right time can bring 10x profits, but supporting the project from the beginning can create bigger opportunities, up to 100 or 1000 times.
NFT BELONGS TO PROJECTS
Supporting the project also includes purchasing their NFTs. This not only brings benefits but is also demonstrated through many token issuances exclusively for holders.
Now is a pretty good time to look for NFTs as prices have been pretty good due to the bear market.
BIG PARTNER
Investors are mainly interested in whether the project has important partners or not. By capturing information that major exchanges like Binance or Coinbase have invested in gaming projects, you can predict they will be listed on those exchanges, significantly affecting token prices.
TOKENOMICS
– Low circulating supply -> high short-term potential (like Big Time 3% on the market) -> but there is a risk of being burned if kept for too long.
– High circulating supply -> long-term stability and sustainability.
DESIGN
Investors will not care about gameplay, what they care about is token price.
If you do not have a deep relationship with funds or sources to invest early, it will be difficult to buy tokens for potential game projects early.
21 confirmed -token -drop -game -projects to keep an eye on:
Xterio/Overworld
Shrapnel
Citadel
AI Arena
Kurono
Might Action Heroes
Paradise Tycoon
MixMob
Defimons
Maple Story
L3E7
Oh Baby Game
Treeverse
Pixelmon
Infinigods
Skyark
Get Block Games
Weebox
Cbcreepz
Shrapnel
Endless Clouds
