Liquid NFT? What?
Last updated
Last updated
BABO introduces a revolutionary DeFi concept that merges the BABO NFT collection and $babo token into a cohesive and dynamic ecosystem.
Our bidirectional NFT swap system allows seamless interaction between the NFT and token markets, resulting in a NFT structure with distinct game theory dynamics.
In response to the liquidity challenge faced by traditional NFTs, we’ve developed a mechanism that bridges the gap between NFTs and tokens.
This structure gives each NFT a liquid value tied to $babo, meaning the floor price of the NFTs will naturally correlate with the price of the $babo token. This will generate numerous arbitrage opportunities and game theory dynamics.
Over time, the collection becomes hyper-deflationary as users choose to lock their $babo in exchange for NFT, reducing the circulating supply of $babo tokens.
If the entire 888 NFT collection is in circulation out of the babovault, the $babo supply will be reduced by 48.2% as it will remain locked in the babovault.