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A DAO Powered NFT Marketplace Built On Cardano

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A DAO Powered NFT Marketplace Built On Cardano

Wafini is A Community Driven NFT Marketplace Built On The Cardano Blockchain.

Wafini is made for Creators by Creators, No Vcs


A Web 3.0 community driven decentralized NFT Marketplace for Non-Fungible Tokens & NFT collectibles where users will be able to mint, list, sell and swap their Non fungible tokens utilizing the Cardano Blockchain.


We aim to be the top marketplace on Cardano where users can trade NFTs in a secure manner, utilising the low fees of the Cardano Blockchain.



Why Unique?


Wafini users will be able to unlock the full potential of our NFT marketplace as we will be the first NFT Marktplace on Cardano that will give reflections of trade commission on the Marketplace, thereby giving further utility to the Genesis NFTs which will ensure the sustainability and longevity of the Wafini Marketplace.


How Clear?


Wafini will be the first NFT marketplace that will reward its Governance Token and NFT holders with a percentage of the marketplace's transaction commissions.

We are developing not just a Marketplace where creators & enthusiasts can buy, sell, mint or trade their NFTs, we are building a community of creators and collectors all united by the $WFI governance token and Genesis NFTs.


Wafini in the future will evolve into a smart contract powered DAO ecosystem that will enable anyone to lend & borrow using their NFTs.

Wafini will be built using Plutus V2 smart contracts on the Cardano Blockchain.


Why Cardano?


We decided to build our marketplace on the Cardano blockchain as it’s one of the most sustainable 3rd generation blockchains with green energy vision and we at Wafini also share the same values and fundamentals hence the decision to build on Cardano.


Wafini is poised to become the first truly DAO owned NFT Marketplace on Cardano Blockchain, designed to be self sustainable without external control or influences.

 

 


The Wafini ecosystem will give the community of $WFI token holders and Genesis NFTs an opportunity to earn a portion of the transaction fees from NFT trades on Wafini marketplace.

This will promote an enabling fair and decentralized ownership and governance for the sustainability of the Wafini ecosystem.

The Wafini project envisions bringing NFT to all as we foresee a future of every ADA holder having at least one CNFT which will be available with multiple utilities and the creators being able to monetize and gain value from their works.




Wafini Vision and Value Proposition

The Wafini ecosystem will be designed to be a Cardano Decentralized Autonomous Organization (DAO) and as such, it is designed to allow for the community to be able to participate in Governance by holding and staking the $WFI Genesis NFTs and Token.

Being a member of the DAO also allow it’s members to get rewards through the funds generated by transaction fees and also become a pivotal voice in the future decisions regarding the further development of the Wafini project.


Wafini team vision to build an NFT ecosystem that encompasses a zero entry barrier, cheap, fast and scalable Marketplace can be reflected in the teams decision to build on top of the Cardano Blockchain rather than other blockchain which are notably extremely expensive, semi centralized and slow compared to Cardano.

We believe a low cost ecosystem will encourage more entrants to be involved in the Cardano NFT space.

We at Wafini fully abide by the philosophy of decentralization.




Features of Wafini NFT Marketplace


While Wafini is on a mission to extend the boundaries of innovations in the Cardano NFT space, below are a few core features of Wafini on launch:

Wafini NFT Marketplace will offer the basic marketplace access to users from creation to sale process of their NFTs.

Users will be able to create both single and multiple collection NFTs and be able to trade them on Wafini platform.


Staking & Governance: By staking $WFI tokens and Wafini NFTs, holders will be able to earn staking rewards of up to 20% APY, participate in governance and also be eligible to earn a percentage of the transaction fees on the Wafini NFT Marketplace.

Multi Asset Swap & NFT Offer Bundles: With Wafini protocol, users will be able to list offers to trade specific NFTs and choose to accept payment in ADA or WFI tokens. Instead of listing SpaceBudz NFTs for a certain amount of ADA, users can use Wafini to propose exchanging a SpaceBudz for a package containing a Cardano Fight Club, a Chilled Kong NFTs and a small amount of $WFI token.

Low Transaction Fees & Trade Commissions: Building on Cardano blockchain eliminates the idea that trading NFTs are expensive, as the Cardano Blockchain thrives for its low cost model which will be reduced further with the upcoming Vasil hard fork.

With the introduction of babel fees, Wafini will eliminate the high cost of minting and trading NFTs by introducing our token $WFI that will be deployed on the Cardano Blockchain. Users can opt to pay transaction fees with $WFI tokens.


Social Interactions & Impact

Cardano blockchain is one of the most sustainable 3rd generation blockchains with green energy vision. We also share the same values and fundamentals.



$WFI Token

The Wafini's ($WFI) is a Cardano Native Token which will have a critical role to play in Wafini because it will be the Native token and utility token that will power the Wafini Ecosystem.


Holding the $WFI Token will give users more and added advantage on the Wafini Ecosystem and will support many use cases.


How To Buy Wafini ($WFI Token)


You Can Join In The Wafini Token Sale In 5 Simple Steps

1: Buy ADA from an exchange like Binance, Kraken, Coinbase, Kucoin & Crypto.com.

2: Transfer the purchased ADA to a Cardano compatible wallet like Nami, Eternl, Flint Wallets. You can also use Yoroi and Daedalus if you intend to initiate a manual transaction, ie: sending ADA to the sale address.

3: Visit the Wafini Token Sale Page https://sale.wafini.app/ you will be shown a page like the one below, connect your wallet by choosing the listed wallets mentioned above.

 


4: Input the amount in ADA you want to purchase, and you would be shown the equivalent amount in $WFI you will be receiving (Note that the minimum seed sale amount is 500 ADA).

Also for every 100,000 WFI Tokens purchased, you will get a free Wafini Genesis passport NFT.




Token Utility


The WFI token will be utilized in the Wafini ecosystem in the following ways:


Service Usage: NFT Marketplace make use of transaction fees which are charges levied against each transaction, users can opt to pay for transaction charges using $WFI tokens.

Community Governance: Wafini DAO is the governance arm of the Wafini Ecosystem. Only by holding $WFI can one participate in community governance on Wafini Ecosystem through voting to make decisions regarding features and Marketplace upgrade etc.

Staking: Staking $WFI will be another medium of added utility to the Wafini Native Token, by staking a minimum pre-determined amount of $WFI Tokens over a period of time, users will earn rewards in $WFI tokens.

Transaction Fees: Post Vasil, users can opt to pay for transaction fees in $WFI instead of ADA, this will be made possible with the Babel fees mechanism that will be coming on Cardano after Vasil Hard Fork.

Utility NFTs & Commissions: Utility NFTs are NFTs with use cases beyond just being unique digital assets. These are NFTs which grant their owner privileges, rights, or rewards which they would not otherwise be able to access.

Holding the Wafini Genesis NFTs will give holders percentages of trade commissions on the Wafini NFT Marketplace, thereby giving further utility to the Genesis NFTs which will ensure the sustainability and longevity of the Wafini Marketplace Trade.

Users can choose to receive their commission in $WFI tokens as well.


Conclusion

Wafini NFT Marketplace will revolutionize the Cardano NFT space with novel features and utilities never seen before on Cardano, with its design as a Decentralized Autonomous Organization (DAO) to allow for the community to be able to participate in Governance of the NFT Marketplace.  

This presents an opportunity for the average user to have a say on how the Marketplace is being Governed.


Wafini is poised to become the first truly DAO owned NFT Marketplace on Cardano Blockchain, designed to be self sustainable without external control or influences.



Join the Wafini Community Through The Various Channels


Telegram: https://t.me/wafini 


Telegram: https://t.me/wafiniann 


Twitter: https://twitter.com/wafini_app 


Email: [email protected]

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