A COLLECTABLE FOR THE CRYPTO CONNOISSEUR
THE $NIGEL LIQUID NFT COLLECTION
CA - COMING SOON
THE DEGEN HERO
WHO IS NIGEL?
A Man With a Plan
Nigel is the name given to any investor who has been repeatedly hit in the keister by the Solana Blockchain.
As we all know, the crypto industry is the wild west. Scammers are in such abundance, that we even have a CTO, (Community Take Over) sub culture.
Like many of you, Nigel entered crypto to try to make some mad money. Unfortunately, his troubles have left him with just the shirt on his back.
He has decided to do something about this.
There will be a $NIGEL token launching soon which will contain some tools to make the investing experience a more pleasant one.
You can find more details on that at //basednigel.com.
This NFT collection is to commemorate Based Nigel’s rise from Degen sucker to Blockchain hero.
WHAT IS AN NFT?
A Blockchain Evolution
An NFT, or non-fungible token, is a unique digital asset that represents ownership or proof of authenticity of a specific item.
Typically it exists on a blockchain.
This type of digital asset includes items such as art, music, video game components, and videos. These assets are commonly purchased and sold online, often using cryptocurrency, and are built on the same software technology as many cryptocurrencies.
Though NFTs have existed since 2014, they have recently become prominent as a method to buy and sell digital art. In 2021, the NFT market reached an impressive value of $41 billion, nearing the total worth of the global fine art market.
Each NFT is unique or part of a very limited series, distinguished by specific identification codes. “NFTs essentially introduce the concept of digital scarcity,” notes Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This is a sharp departure from the usual abundance of digital products, which are typically available in unlimited quantities. Theoretically, limiting availability can increase an asset’s value, provided there is demand for it.
WHAT IS A LIQUID NFT?
"The Real McCoy" - Operation Crypto Asset
A liquid NFT is an NFT that is loaded with Liquidity when it is minted. That liquidity is 50% of the mint price, held in $USDT. This means that a Liquid NFT has a real value outside of what someone else will pay for it.
The mechanics of the Liquid NFT Marketplace ensure that the locked liquidity will continually increase over time. If the NFT is burned at any point, it will immediately release the currently locked liquidity to the NFT holder.
The Liquid NFT and associated marketplace are brainchild of Nathan Hill. He saw the unrealised potential of traditional NFTs, and the profound problems of the current NFT ecosystem. Nathan set about engineering a way to realise that potential.
Based Nigel felt that a Liquid NFT collection would help to facilitate degens to spread his anti-rugging ethos.
You can find more information by following the Liquid NFT Marketplace’s adventures on X (Twitter) at //x.com/LiquidNftMarket, and access the platform at //liquidnfts.finance.
THE WHAT IS THE CURRENT NFT PARADIGM?
This Unique Digital Asset Needed Reforming
The current NFT system inherently gears against progress.
The way that the system is setup incentivises sellers to continually reduce the price of their NFT in order to make a sale. When an NFT creator lists their project on OpenSea, Blur, Magic Eden, or any of the existing platforms, they will do this regardless of rarity, in order to have the best chance of selling.
Take a look at one of the most famous NFT collections, the Bored Apes Yacht Club. Ever since their release in 2021 their listing price has consistently trended downwards. This collection’s price trajectory has followed the same pattern as most other NFT projects in existence.
When listing an NFT on any of the existing platforms, if the seller needs a quick sell, they must list it at a price lower than market value. This is especially true if the volume on the listing platform is low.
For example, if a seller’s Bored Ape NFT is worth 30 ETH (Ethereum), they are forced to list it at a lower price, such as 29.9 ETH. Then anyone else who comes after them attempting to sell an NFT from the same collection, must list theirs at an even lower price, in order for them to compete and hopefully be the next person to make the sale to the buying public.
While some serious collectors consider factors like rarity, the average person looking to buy an NFT will be attracted to a lower price from the same collection. Irrespective of its rarity.
The Liquid NFT Marketplace completely reverses this paradigm.
The reason traditional NFTs have no value, is because they literally have no value. This holds unless the NFT includes some utility or a revenue share mechanism. However, even with a revenue sharing aspect, if the platform isn’t making money, then there is no revenue to share. If people are not interested in the utility, then the NFT holds no real value.
Ultimately the only value a traditional NFT has, is solely what another person is willing to pay for it.
As the price of a traditional NFT continually depreciates, there will always be someone willing to pay that lower price.
The developers of traditional NFTs lack incentives to increase their NFTs’ prices and maintain marketing momentum. When created they take all of the mint fees.
This then leaves the secondary market in order for them to make more money.
The problem with this, is that on a depreciating asset the NFT creator is earning cumulatively less money with each subsequent sale. If the developer receives 10% of the resale value, that amount will decrease continually each time the NFT is sold.
THE FUTURE OF NFTS
The Foresight of Nathan Hill - USDT is Your Friend
What the Liquid NFT Marketplace have done, is create a more sustainable system. One that works for everyone.
The revolutionary thing that they are doing is injecting liquidity into every minted NFT.
Crypto tokens have liquidity. The problem with tokens is that the amount of liquidity a token possess depends on the behaviour of other investors. If a whale dumps their token supply, the liquidity of an investor’s holdings decreases, and everyone else’s asset becomes worth a lot less.
With Nathan Hill’s Liquid NFT Marketplace’s system, they are injecting liquidity into each NFT in the form of $USDT. This will always initially be 50% of the mint value.
The NFT holder solely controls the injected liquidity; no one else can control it. No one else can drain it, and it will increase daily based on the trading activity of other Liquid NFT holders.
An example of the breakdown is as follows.
The value of an NFT will never drop lower than the 50% mint price liquidity.
This effectively sets a core floor price for the Liquid NFT which will only ever trend upwards.
The NFT Liquid holder can redeem the liquidity whenever they chose by simply burning the NFT.
This feature provides security to everyone investing in a Liquid NFT. Their NFT is now an asset that has a real value, namely the locked $USDT liquidity. Every time the NFT is traded, secondary sale fees will occur. 10% of the secondary sale will go to the creator.
However this will be 10% of an ever appreciating asset. This will result in the secondary and subsequent Liquid NFT sales income perpetually increasing over time.
Every time someone sells the NFT, the continually increasing base liquidity will result in greater and greater fees for those eligible. Permanently on an upward trajectory.
The secondary sales tax will be 20%. 10% will go to the creator. 10% will go to the platform. 5% of the platform’s 10% will go to the NFT’s Marketplace.
THE TRIUMPH OF THE LIQUID MARKETPLACE
The Next Generation of Blockchain Collectibles
No one will ever sell their Liquid NFT for less than its locked liquidity value. This would make no sense.
Instead of the downward price trajectory of the current NFT market, Liquid NFTs will have an upward price trajectory.
As mentioned earlier, this completely flips the current NFT paradigm on its head.
A 20% fee will also apply to any NFTs that are burned.
Even the burns feed back into the value of other Liquid NFTs.
This new system will allow an NFT holder to always be able to sell their NFT for more than they paid for it, as long as they wait long enough for the locked liquidity to increase, which it will.
The locked liquidity also means that the purchaser is only ever going to risk a smaller amount of money than the NFTs.
The Liquid Marketplace has even revolutionised the NFT selling process.
If a buyer is interested in an NFT and none are available, they can communicate their interest to existing holders of the desired collection.
The Liquid NFT Marketplace wants to incentivise people to sell and/or burn their NFTs as this will result in the value of existing Liquid NFTs increasing.
If a buyer sees that the liquidity locked in an NFT is increasing, they will be incentivised to offer more rather than less for the NFT.
This effectively makes investing in Liquid NFTs market proof.
In a bull market its price will appreciate rapidly. In a bear market, it will still increase, albeit at a slower rate. However, the price trajectory will always be upwards.
No one will ever sell an NFT for less than the locked liquidity, which will always be increasing in price.
THE $NIGEL LIQUID NFT COLLECTION
"If it's not Liquid, it's not worth it."
The NFT collection will consist of 10,000 pieces. An image generator will create each NFT, and it will cost $100.
The collection will depict five different scenes. Each charting the journey the investor makes when they invest in a Solana token.
Every scene will have changeable attributes, and the combination of these attributes will be altered with each mint.
A rarity level is assigned to every variation of an attribute to determine how often it will be produced by the image generator each time an NFT is minted.
Every minted NFT will be a 1 of 1.
There will even be a rare version of each scene depicted as a collector’s trading card. Think Pokemon card for comparison.
The project will use 20% of the money raised from the mint to buy the $NIGEL token, and will then immediately burn those tokens.
This will have the effect of slowly reducing the supply of the $NIGEL token, which will result in an appreciation in the value of the token to its holders. You can find more information on the token at //basednigel.com.
Here is a base illustration of each scene depicted in the collection.
(1) THE RUG PULL
Nigel is standing on a rug that someone is pulling out from underneath him. As Nigel is mid air about to fall over he has Solana coins falling out of his pockets.
(2) FOMO FRENZY
Nigel is frantically typing on multiple devices. While he does so, many screens surround him. The screens show various crypto charts and social media feeds.
(3) WALLET WOES
Nigel looks distraught. He is holding an almost empty wallet which has a moth flying out of it. contained in the wallet is a Solana credit card. Above Nigel’s head is a thought bubble containing the Base Blockchain logo.
(4) TO THE MOON
Nigel is in a makeshift rocket made from cardboard boxes, decorated with various Solana logos, about to launch off a cliff or something similar.
(5) DIAMOND HANDS
Nigel struggles to hold onto coins with oversized diamond-shaped hands. He has sweat dripping down his face, and various Solana coins are slipping through his fingers.
THE TEAM
A Collective of Talent in the Crypto Space
You can contact us at info@basednigel.com
INDUSTRY ALPHA
$CMCC - CRYPTO MARKETING COMPANY COIN
Passive Income, the Holy Grail of Investing
$CMCC is a tokenised representation of the Crypto Marketing Company. They are marketing experts who specialise in media. They created a team in an attempt to bring their tried and tested traditional marketing acumen to the Web3 space, drawing on their vast experience in successfully launching many crypto projects.
After analysing the crypto market, CMC spent 12 months building a unique set of tokenomics to create a project that would incentivise investors to hodl and maximise the growth of their investment.
One striking feature of holding $CMCC is the ability to earn passive income from the token, paid to the holder in USDT. The system pays the rewards both weekly and monthly.
Another feature is the maximum sell of 50,000 $CMCC per hour.
The total token supply of $CMCC is 50,000,000 token.
You can find more information on $CMCC on their website at //cmccoin.io.
THE $FUSD STABLECOIN
An Evolution of Decentralised Finance
$FUSD is a pioneering addition to the crypto stablecoin family.
A stablecoin is a category of cryptocurrency designed to have its value tethered to a reference asset, such as fiat currency, exchange-traded commodities, or another cryptocurrency. The most well known stablecoins are those that are pegged to Fiat currency such as the US dollar. Examples such as Tether’s USDT, or Circle’s USDC are particularly popular with crypto enthusiasts.
The allure of stablecoins is that they do not suffer from the volatility commonly associated with cryptocurrencies. They are normally pegged to a fiat currency. As such they do not depreciate significantly. This makes them a great store of any profits that an investor may make on a more volatile crypto token/coin.
Conversely, stablecoins do not appreciate significantly in value.
$FUSD is a new breed of stablecoin that is part of an ecosystem that results in it slowly appreciating over time. It’s value never depreciates. This is achieved by part of the 2.5% transaction fee being redistributed back into the liquidity of the token.
For more information, please visit either //fusdcrypto.finance or //fusdcrypto.com.
