Protection vs LYX

Being more protected against the LYX value

One of the biggest risks with NFTs on any blockchain is seeing their value drop against the native token, like LYX. But with BABO NFTs, we’ve got a solution. Thanks to our 2-way swap system, the value of BABO NFTs is tied directly to the market cap of $babo, and $babo is in some way correlated with the market cap of LYX.

This means as LYX increases, so does the price of $babo (if there are no sells and no buys in $babo, it would be proportional). So if LYX doubles, $babo follows suit, and your NFT value rises with it, protecting your investment. All of this, without factoring in the impact of $babo buys or sells. Liquid NFTs that protects your investment? That’s the future on Lukso, fam.

*Of course this is the open market and $babo price can fluctuate like any tradable asset.