Place/Date: London, England - July 6th, 2021 at 2:33 pm UTC · 2 min read
Contact: Will Palmer, Source: Nafty
Nafty, a DeFi ecosystem for the $97 billion adult industry, is excited to announce that it has concluded the pre-sale of its NAFTY token.
More than 400 public investors lapped up all the NAFTY tokens available for pre-sale in less than 54 minutes on July 5th, 2021. Nafty had allocated 3 billion NAFTY tokens worth 1000 BNB for the pre-sale, which represented 3% of the total token supply. In USD, the investors contributed over $300,000 towards the success of the project.
NAFTY is based on the Binance blockchain and will be available on Pancakeswap for trading starting tomorrow, 7th of July, 2021, at 12 PM EDT.
Investors can use the NAFTY token on platforms across the Nafty ecosystem to pay for content and services. Nafty has already launched four adult content platforms – NaftyFans.com, NaftyPay.com, Nafty.tv and NaftyArt.com.
Nafty has partnered with well-known adult stars to make their exclusive 18+ content available on its platforms. By removing the middlemen and dramatically reducing the payment processing fees, Nafty enables adult content creators to earn more, and content consumers to pay less.
Token holders will earn a passive income from transaction fees charged across the Nafty ecosystem. They can also use it for tipping the adult creators, buying NFTs, and paying for subscriptions to Nafty.tv.
Since NAFTY is a governance token, the token holders can also participate in the governance matters to influence the roadmap of the Nafty ecosystem.
Nafty CEO Rob Kemenyfi said:
“We are proud and excited to have developed an ecosystem of platforms, which, along with the NAFTY token, put the power and earning potential into the hands of the creators.”
Nafty levies a 4% fee on all transactions. It distributes the transaction fee as rewards to the current token holders in proportion to their holdings.
Another 4% fee is locked in the liquidity pool to reduce supply. Nafty spends the profits generated on its platforms to buy back and burn the LP tokens to increase the token value. An additional 2% will be eliminated from circulation in order to increase the value of the token for all holders.
Nafty is a decentralized NSFW ecosystem that empowers content creators using blockchain. It removes intermediaries, offers low-cost payment solutions and marketing tools to help creators build a fanbase. NAFTY is the governance token across the ecosystem.