DNP TOKEN — Deflationary NFT Platform

DNP token is a deflationary NFT platform that allows regardless of state or location, to generate liquid passive income.

What is DNP Token

DNP token is a deflationary NFT platform that allows anyone, regardless of state or location, to generate liquid passive income through Binance Chain smart contracts.

This network guarantees superior speed and much lower network transaction costs.

Introduction

Non-fungible tokens (NFTs) seem to have exploded out of the ether this year. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips — some for millions of dollars.

But are NFTs worth the money — or the hype? Some experts say they’re a bubble poised to pop, like the dotcom craze or Beanie Babies. Others believe NFTs are here to stay, and that they will change investing forever.

What Is an NFT?

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.

How Is an NFT Different from Cryptocurrency?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends.

Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value — one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain.

How Does an NFT Work?

NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible.

Specifically, NFTs are typically held on the Ethereum blockchain, although other blockchains support them as well.

An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including:

• Art

• GIFs

• Videos and sports highlights

• Collectibles

• Virtual avatars and video game skins

• Designer sneakers

• Music

Even tweets count. Twitter co-founder Jack Dorsey sold his first ever tweet as an NFT for more than $2.9 million.

Essentially, NFTs are like physical collector’s items, only digital. So instead of getting an actual oil painting to hang on the wall, the buyer gets a digital file instead.

What is DNP Token?

DNP Token is the native currency that will be used in the NFT DNP Ecosystem, This token is based on Blockchain Technology and is distributed via Binance Smart Chain (BEP-20), It is a utility token with a fixed supply and cannot be minted, This token also implements the Deflationary mechanism thus ensuring the value will be maintained and eliminate inflation. In addition to this, the DNP Token also integrates a Tax Fee for each transaction of 6% which is distributed to holders, liquidity & burn pool and Development wallet so that at the same time it provides passive income to its holders with a fair distribution that maintains liquidity and the value itself. Holders get various benefits such as paying for services in the ecosystem, passive income, discounts, exclusive content, etc. This ensures a wider use case and increases Demand over time.

NFT Market Growth

The development of the Blockchain Market is very rapid through Cryptocurrency and besides that NFT also gets Spotlight at the right time where the traditional content market requires a system transition to a better one. Blockchain technology offers this with a more transparent and innovative ecosystem, the NFT Market itself has doubled compared to the previous few years with a target market of $1 Billion by 2025. Blockchain technology itself is a suitable basis for these various ecosystems and therefore DNP NFT Ecosystem is a bridge for traditional content markets to enter the Blockchain market through the concepts offered by them, Ensuring transparency with profitable Long Term Planning.

Tokenomics

DNP token is a deflationary NFT platform that allows anyone, regardless of state or location, to generate liquid passive income through Binance Chain smart contracts.

This network guarantees superior speed and much lower network transaction costs.

Details

DNP token has a tax on each transaction of 6% which is distributed as follows:

2% is a reward for holders from each transaction — keep it in your wallet and earn

2% will be moved to liquidity to prevent the dump and ensure growth and stability

1% from each transaction will be burned, thus the deflationary mechanism will work

1% from each transaction will be used for marketing costs (listing fees, advertising)

TAX: 6 %

DNP market

DNP Market: It is a marketplace for non-fungible tokens,will provide an opportunity for anyone to put up their NFT token and sell it

NFT Creator

DNP Greater — here the user can create an NFT within 5 minutes by paying for DNP services with tokens on DNP Greater.

NFT Auction

NFT token holders can auction their works (paintings / drawings / Photo / audio / video / Gif / Nicknames and names), start trading from the minimum price, and the NFT owner can also specify the price (If the lot does not reach the reserve price) it will not be implemented.

Total Supply & Distribution

The total supply of DNP tokens is 700 Trillions (700,000,000,000,000) and all have already been minted. No more will ever exist!

The audited token contract is live on the Binance Smart Chain network

Details

What makes DNP different from most other crypto projects is that over 80% of the tokens will be distributed via vested airdrop, presale, public sale, or added to liquidity on Pancakeswap & Uniscrypt.

350,000,000,000,000 DNP (50%) — sold in the public sale on 15st of Jule and a minimum of 60% of earnings will will be evenly added as liquidity into TWO different exchanges: Pancakeswap & Uniscrypt. Any unsold DNP will be burned.

210,000,000,000,000 DNP (30% -) — is locked for the Uniscrypt Liquidity for 1 year to start with.

63 000,000,000,000 (9%) — to the development team, for further development according to the roadmap schedule

70 000,000,000,000 (10%) — for the project team, as well as for marketing campaigns

7 000,000,000,000 (1%) — Fees

Symbol: DNP

Type: BEP20

Roadmap

Team

Peter Johansson: Blockchain Entrepreneur

Jozef Shats: Developer

A.Chuntu: Leader of the project

Iren Gudz: Artist NFT

Conclusion

The Non-Fungible-Token (NFT) concept offers a new system that creates a Digital Content market based on Blockchain Technology and creates a new Global Market with a very innovative unique concept, Currently the size of the NFT Market itself will continue to increase over time and it also provides awareness everyone about how powerful Blockchain Technology is, The past few years NFT is growing very fast and all the time because it is implemented in a very innovative way especially in the global content market apart from that the recent Bullish Market factor has also highlighted the concept of NFT to get the spotlight in the market Crypto through the system offered by Social provides an opportunity for everyone, especially Artists, Writers, Influencers, etc. to be able to contribute to marketing and present or sell their work on a transparent marketplace and get NFT certification so that the work they create is safer from duplicates or copyrights. l other. I personally highly recommend the DNP ecosystem because it has great potential which is very innovative and I hope you will be a part of this great project!