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HomeCOINSWhat Is Bami (BAMI)? Complete Guide Review About Bami.

What Is Bami (BAMI)? Complete Guide Review About Bami.

What Is Bami (BAMI)?

Bami is set to be a dedicated platform for NFT and digital asset collateralization. The protocol aims at adding value to the rapidly growing NFT market and providing optimized financial solutions for users. This is an all-in-one platform where users can trade, hire or even pledge NFTs as collateral. Accordingly, it offers a variety of features such as NFT-backed loans, Clearance market, Launchpad, Lending, and Membership.

These features aim to provide liquidity to asset owners while enabling lenders to access a new source of income. Moreover, Bami will connect other projects and enable them to offer their NFTs on the platform, creating a diverse collection. Users will obtain a wide-ranging selection to permanently or temporarily own unique NFTs they love.

Bami Storage Key Points

Coin BasicInformation
Coin NameBami
Short NameBAMI
Circulating Supply3,750,000.00 BAMI
Total Supply250,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Features

Bami Pawn Shop is a core feature of the whole ecosystem, which facilitates users to obtain financial sources by utilizing their assets without losing ownership. In the Pawn Shop, users can pledge their NFTs in exchange for stable coins such as USDT and BUSD. Users can choose the desired loan terms corresponding to different interest rates. When the loans are due, borrowers can make full payments and get their NFTs back. The mortgaged NFTs will be liquidated in case users are unable to fully and dully pay the interest or redeem their assets. Users can find and purchase liquidated NFTs at special prices.

P2P Lending

P2P lending enables users to be lenders or borrowers to acquire the financial resources they need without losing their asset ownership. This is a more accessible source of funding than conventional loans from financial institutions. Moreover, P2P loans usually come with lower interest rates because of the greater competition between lenders. They will introduce potential projects related to NFTs in the Launchpad, which help Bami holders access a lot of promising investment opportunities.

Use cases

BAMI is the spine token of the Pawn Shop. The token can be used in several features, offering holders optimum interest rates for collateralization, lending and borrowing, discount on NFT Clearance market place as well as privileges to participate in future joint projects of the Bami ecosystem.

Tokenomics

This tokens will be released over a period of four years with a decaying emission schedule. In total, there will be 250,000,000 tokens. Details of the vesting schedule are illustrated in the table below. The Token omics is designed is to offer as much interest to the community as possible and demonstrate the team’s long-term commitment to the project.

This is the spine token of the Pawn Shop. The token can be used in several features, offering holders optimum interest rates for collateralization, lending and borrowing, discount on NFT Clearance market place as well as privileges to participate in future joint projects of the Bami ecosystem.

Community & Ecosystem

No project can develop without support from the community. They dedicate this budget for marketing, community growth and rewards as well as ecosystem expansion. This accounts for 15% of the total supply. Bami holders become the decision-makers for all major issues. The power is in your hands.

Reserve Fund

30% is reserved for the operation of the platform, including funding for the pawn shop and marketplace as well as future features’ growth and rewards as well as ecosystem expansion. This accounts for 15% of the total supply. Staking membership NFTs allows holders to enjoy all privileges in the ecosystem such as better interest rates, tickets to Launchpad and more attractive benefits.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .