Everything You Need to Know About Chair INO
The whitelist registration for Chair INO is currently in progress.
The registration is mandatory to participate in Chair INO.
First come, first served.
What makes INO different?
INO (Initial NFT Offering) turns the locked-up shares into NFTs.
It perfectly solves the issue that investors cannot trade their locked-up tokens while the price goes up.
As we all know, the vast majority of blockchain projects have a locked-up mechanism. The biggest advantage of this mechanism is that the small amount of currency released in the early stage will play an important role in the rise of coin price. Due to the rapid changes in the blockchain market, investors hope to sell the coins they hold at the highest price to maximize their returns, which is difficult to achieve as most coins are locked-up.
Now Chair INO participants will obtain a “Rights & Benefits NFT”. For Chair INO, the locked-up period is 15 months and they are to be released for six times over 5 quarters. Only 5% is released for the first time on DEX listing. The other 95% will be released in 5 quarters evenly. This can ensure that the amount of currency released in the early period is very small, resulting in a very promising price. If the currency price increases by 20 times at this time, the user only needs to sell 5% of the unlocked to recoup the cost. The remaining locked 95% can be tokenized into an NFT. At this time, the user can choose to continue holding and waiting coins contained in the NFT to be unlocked or trade the NFT through the Chair platform.
Is this everything about INO?
Of course not.
Ever since the very beginning, artists transfer the ownership of their works completed with great effort instantly they sell them and they cannot generate more profits from the works any more. No matter how expensive a piece of work becomes and how many times it is traded in the future, nothing will go to the artist himself.
Nevertheless, Chair INO participants can trade these NFTs of their own at customized prices with royalties of 2%. After that, they will receive proceeds equivalent to 2% of every future transaction no matter how many times the NFTs are traded and on which platform. In other words, in the next 5 quarters (15 months), every time this Rights & Benefits NFT is traded, INO participants will receive an extra income automatically with the help of smart contracts. Thus, they will enjoy continuous benefits.
Chair INO is providing more choices for the users and better liquidity for the market, which is unique in the entire blockchain industry and the first of its kind. Users might choose to keep their assets locked or monetize them as they wish.
It is possible that INO will be applied to larger ecosystems and activate the whole crypto market.
