NFT Marketplace Niftify Announces Initial Exchange Offering of $NIFT Tokens with Gate.io, Launches New NFT Auction Feature for Niftify Users

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$NIFT Token IEO Open on November 17

MAJURO, Republic of the Marshall Islands, Nov. 17, 2021 /PRNewswire/ -- Niftify Limited LLC, the all-inclusive NFT platform, announced the initial exchange offering (IEO) of its $NIFT tokens with cryptocurrency trading platform Gate.io. Niftify, currently in beta launch, allows people to mint, buy, sell and swap NFTs.

Within the Niftify ecosystem, $NIFT tokens are native utility tokens and used to incentivize actions across the system. $NIFT allows users to receive discounts when paying fees. Users only pay 2.5% in fees instead of 5% when paying with other cryptocurrencies or fiat. Additionally, $NIFT token balances grant varying levels of access to exclusive features, including early access to new  drops, premium custom profiles, and entry to "members-only" areas.

For the IEO, Niftify will complete a Startup Event with Gate.io, which is open today, November 17, for 24 hours. Accounting for 0.29% of Niftify's supply, there are 571,429 $NIFT tokens for sale at $0.35 each, equivalent to $200,000 USDT. These token sales are in addition to tokens issued pursuant to SAFE/SAFT and subject to an emissions schedule from a prior pre-seed round in April 2021.

Additionally, Niftify launched NFT Auctioning on its platform, allowing creators to auction their NFTs. Sellers determine the currency in which the auction is performed, and auctions support both native blockchain currency and its standard fungible tokens. Auctions begin with a 24-hour time limit after the first placed bid. If a new bid is created in the last minute of an auction, time will extend in 15-minute increments past the 24-hour mark. When time expires, the owner of the highest bid will become the winner and receive the NFT.

"At Niftify, we aim to enable NFT creators, collectors, traders, gamers, enterprises and other enthusiasts to unlock the true potential of NFTs," says Bruno Ver, co-founder and CEO of Niftify. "Building on recent momentum – from beta launch to sold out A-list celebrity NFT drops – this IEO and our new NFT Auctioning capability bring us closer to achieving our mission."

Niftify is a user-friendly platform aiming to facilitate users to automate digital and physical redemptions. Unlike other platforms, creators are incentivized to mint and sell their own NFTs to benefit from the functionality of smart contracts, and also offering them the opportunity to earn royalties of all future sales of their minted NFTs by using the Etherum royalty protocol. NFTs on Niftify are also used as proof of ownership and history tracking for even physical items, as well as proof of authenticity for valuable digital and physical assets.

The sale is open to people globally, with the exception of residents of USA, Canada, China, Iran, Libya, North Korea, Syria, Cuba, Afghanistan, and Crimea (as a part of Ukraine).

To learn more about Niftify, interested parties may visit niftify.io; media inquiries may be addressed to [email protected].

About Niftify

Niftify™ is on a mission to create a strong community of NFT enthusiasts: creators, collectors, traders, gamers, and enterprises wanting to buy, sell or trade NFTs. With an all-inclusive platform that allows people to create, buy, sell and swap NFTs, Niftify offers all the benefits of the blockchain, without the complexity of owning a wallet or transacting in crypto. Niftify aims to take NFTs out of their infancy and bring them to the real world by unlocking their true potential.

Media Contact: [email protected]

W:  https://www.niftify.io/

T: https://twitter.com/Niftify_io

L: https://www.linkedin.com/company/niftify/

Disclosure: This announcement does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the company and management, as well as financial statements. No offering in the United States is currently contemplated.

SOURCE Niftify