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Summary of Vemate
Key Points
- VeVe NFT alarm and analysis app launched on April 5th with 8,000 users, growing by 1,000 every week.
- App increases VeVe NFT trading efficiency by 400% with features like price change alarms, low mint alarms, and chart analysis.
- Users will need to hold $100 in VMT tokens or $200 in OMI tokens to access the app.
- Stage 2 platform will include an informational module, analysis module, NFT marketplace, and automated educational assistant.
Case Study
- Bob, an NFT artist, creates a 100 NFT
About Vemate: Empowering a New Era of Digital Assets
Stage 1 of the fully developed VeVe NFT alarm and analysis app was launched on April 5th, a month prior to any fundraising efforts, and is available on both Android and iOS platforms. The app has garnered a significant following, with a user base of 8,000 and growing at a rate of approximately 1,000 new users per week since the Ecomi (VeVe) partnership announcement. Currently, the app is free to use. Its immense popularity stems from its ability to boost VeVe NFT trading efficiency by a staggering 400% through innovative features such as price change alarms, low mint alarms, chart analysis, vault value tools, price tracking tools, and many more, with new features being continuously rolled out.
•Following its launch, the VeVe app will be exclusively accessible to users who hold a minimum of $100 worth of VMT tokens or $200 worth of OMI tokens. This threshold is expected to be met by a substantial pool of approximately 700,000 VeVe users who will retain their VMT tokens for the long haul, driven by their appreciation for its inherent utility.
Phase Two
A comprehensive NFT ecosystem is envisioned, integrating a multifaceted platform that consolidates major blockchain data in a single, accessible hub. This platform will comprise an informational module, an analysis tool akin to Trading View, and a large-volume fractional NFT exchange, complete with a vibrant NFT marketplace. Furthermore, an automated educational assistant will be embedded throughout, providing guidance and support to both seasoned crypto enthusiasts and newcomers alike, as they navigate the realm of NFTs. This intuitive system will empower users to seamlessly enter the market, sans the need to acquire new skills, via the facilitation of large-volume fractional NFT trading.
To facilitate a deeper understanding, I have crafted a case study that serves as a tangible illustration of the concept:
Step 1. As a visionary NFT artist, Bob crafts a captivating 100-piece NFT collection within the confines of his bespoke workshop space, nestled within our innovative Stage 2 platform;
Step 2. Bob seeks to elevate his profile and potentially boost his earnings from his work, so he decides to fractionalise his tokens. He opts to divide each token into 1 million fractions, thereby generating a total of 100 million fractions, which are seamlessly tokenised in just a few clicks, resulting in 100 million tokens.
Step 3. To facilitate a listing on our market exchange, Bob requires liquidity. He can either provide it himself or opt for a seed funding round to raise the necessary capital. Ultimately, Bob successfully lists;
Step 4. Upon listing, users will theoretically be extremely eager to get in early and purchase tokens. What drives their enthusiasm? The fact that 99 out of 100 NFTs will be redeemable from the Vault, courtesy of Bob’s configuration liberties within the ecosystem. This means that the first user to acquire 1 million tokens will have the opportunity to redeem an NFT from the vault in exchange for the aforementioned tokens. The tokens will subsequently be partially burned and partially distributed for various utilities within the ecosystem, with the entire liquidity remaining locked.
Step 5. As users continue to acquire tokens and redeem NFTs from the vault, the liquidity remains locked, thereby catalyzing a substantial surge in token value with each successive redemption. Ultimately, the final NFT will be perpetually locked in the vault, serving as collateral or backing, akin to the gold reserves maintained by nation states in the past. In theory, the amount of liquidity locked against this solitary remaining NFT will effectively dictate the price of all previously redeemed NFTs, which is why we foresee a remarkable level of interest during the launch phase of these tokens.
The consequences of this are as follows:
A current market comprising approximately 5-7 million NFT owners and creators, focusing solely on the largest blockchains, presents a vast potential pool of 300 million crypto users. This configuration enables the latter to seamlessly enter the NFT market, bypassing the steep learning curve or the need to acquire new knowledge. Ultimately, as they redeem NFTs, they will be motivated to familiarize themselves with this market. This is where the additional four modules come into play – an informational database, an analytics database, a traditional NFT marketplace, and an automated educational assistant, all interconnected to facilitate a seamless experience. This synergy allows crypto traders, once introduced to the market through fractional trading, to effortlessly navigate the NFT ecosystem.
To gain insight into the specifics of the NFTs they redeem, thereby enabling more efficient trading or utilization through our platform.