nftperp Overview
- What is nftperp?
nftperp is a fast and responsive perpetual futures decentralized exchange (DEX) designed for trading NFT floor prices. It allows users to speculate on the future prices of top NFT projects like Bored Ape Yacht Club and CryptoPunks. Users can either long or short NFT collections based on their analysis, offering a unique blend of DeFi and NFT financialization.
- Main Features
- Trade instantly with advanced liquidityDecentralized and user-friendly platformLeverage trading upto 10xSpeculate on NFT floor prices
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Frequently asked questions
nftperp supports speculative trading on the floor prices of bluechip NFT projects, including Bored Ape Yacht Club and CryptoPunks.
Leverage trading on nftperp works by allowing traders to amplify their exposure to the price movements of NFT floor prices with a factor of leverage, such as 10x. This means traders can open positions that are significantly larger than their initial capital, aiming to increase potential returns on price movements of NFT projects like Bored Ape Yacht Club, CryptoPunks, and others. However, it's important to note that while leverage can magnify profits, it also increases the risk of losses.
Yes, each person's portion of the $VNFTP (reward) pool is decided based on their rank on the leaderboard for each time period. Rewards will be sent to wallets a few days after each time period ends. This way, active and influential community members get a fair share of rewards.
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