Chair.Finance is an NFT platform that is disrupting the crypto industry by launching the first decentralized exchange (DEX) for NFT rights and benefits.
The Chair.Finance DEX will bridge the gap between real-world creativity and the digital world, where products, goods, and services can move with the speed of light and offer an unrivalled sense of ownership and authenticity.
Forget Bitcoin; Why NFTs Are The Next Big Thing In Crypto
Chair.Finance Debuts Groundbreaking First Decentralized NFT Trading Platform.
The team has now launched a campaign dubbed BEEPLE’S SMILE inspired by Beeple’s NFT artwork “Everydays: The First 5000 Days” a unique work in the history of digital art. Beeple, the art world disruptor at the heart of the current NFT boom, came to the fore early this year when Christie sold his flagship NFT piece for 69 million. The piece was comprised of 5,000 digital works NFT.
How Chair.Finance’s NFT is going to be set up?
Taking a cue from Beeple’s NFT work, Chair.Finance is setting up a 100*100 square grid on the Binance Smart Chain (BSC), with a total of 10,000 mini-grids.
Each mini-grid has a unique number. To participate in the challenge, you have to put a selfie showing your smiling face, friends, family, pets or even hand-painted in one of the empty mini-grids in proper order.
Interestingly, all the photos from the participants will morph into an interesting single NFT artwork. The image file has to be in JPG format. After the piece is complete it will be auctioned on the Chair.Finance platform with all those involved sharing the proceeds of the auction.
How to participate?
- Invite friends to join the Chair community.
- The number of people you invite equals the number of mini-grids you will have access to Telegram.
- Buy your grid with XBNCH.
- The price for the first mini-grid purchased is 1,000 XBNCH. The second is 2,000 XBNCH. The third is 4,000 XBNCH. The fourth is 8,000 XBNCH, and so on…
What are the rewards for the completion of filling all grids?
These 10,000 filled mini-grids will be minted as an NFT for auction on the Chair platform, and the proceeds from the auction will be distributed with the following proportions:
1. 95% is for rewarding participants. 1,000 out of 10,000 mini-grids will be drawn and the corresponding owners of these mini-grids will share 95% of the auction proceeds. The more mini-grids you own, the greater the probability of winning and the more you receive.
2. 5% is for platform service.
Deadline: Whenever all 100*100 square grids are filled with smile pictures.
Top 5 New NFT Platforms to Watch in 2021
Yes, DeFi owned 2020 but it looks like 2021 belongs to NFTs!
- 1000 mini-grids will be drawn and announced no later than 3 business days after the successful auction of this NFT.
- The rewards will be distributed to users’ telegram account in the form of XBNCH (Chair platform credits) no later than 3 business days after the announcement.
Important Information to Note
- The quantity of BNCH (the platform token of Chair) distributed to users’ BEP20 addresses will be based on the total number of XBNCH granted to the users’ telegram account after BNCH is officially listed on the Binance Smart Chain (BSC). 10,000 XBNCH = 1 BNCH.
- This NFT will be stored on the blockchain perpetually, and everyone can get access to it to check every picture.
- Chair will reward the winner of the auction with 50 times as much as the amount of starting price. For example, the winner of the auction will be rewarded 10 million XBNCH if the starting price of the NFT is 200,000 XBNCH.
- Chair reserves the right of final interpretation of this activity.
About Chair Finance
Chair.Finance is the world’s first decentralized NFT trading platform for rights and benefits when the project launches in June 2021. The platform tokenizes rights and benefits to mint utility NFTs and establishes a brand new trading system with the decentralized technology concept.
The DEX is bridging the gap between real-world creativity and the digital world, where products, goods, and services can move with the speed of light and offer an unrivalled sense of ownership and authenticity.
What makes Chair.Finance’s NFT platform different from all the other exchanges that we are used to, is the fact that that Chair has been developed to explore and bring together two unexploited areas in the NFT space; decentralization and the exchange of rights & benefits. In this case, rights and benefits represent assets such as company equities, tokenized company shares, and even intellectual property that KOLs (Key Opinion Leaders) such as celebrities, influential people, outstanding entrepreneurs etc can tokenize.
The project utilizes the decentralized smart contract technology and DAO governance concept together with the unique features of NFTs and DeFi to provide trade mining, auction mining, and transaction tax to improve liquidity for rights and benefits assets.
Chair.Finance’s token, BNCH represents users rights and benefits on the CHAIR platform. BNCH holders are entitled to in-depth participation in the governance and future development of the CHAIR platform.
BNCH can also be used toward the purchase of commodities and services on the CHAIR platform. All BNCH holders are entitled to share the revenue generated from CHAIRs development.
The project is being developed by a very strong team of blockchain experts armed with vast experience spanning years in the sector. You can follow them on Twitter, Telegram and Youtube for updates on the progress of the platform.