Novel platform NPicsNFT launches to introduce leveraged NFT trading to crypto community NPICS
NPics, a cutting-edge platform for non-fungible tokens, allows crypto holders to obtain top-tier NFTs with unbelievable discounts through its proprietary collateralization and loan mechanism.protocol is the latest attempt to build a feature-rich newbie-friendly Web3 protocol at the intersection of the DeFi and NFT segments.
NPics Vaults mechanism, in turn, allows the creation of NEO-NFTs that"mirror" pledged non-fungible tokens . Users can always redeem pledged NFTs as well as destroy and transfer the NEO-NFT through the Vaults ecosystem. When"Health Factor" drops below 1, a user has a 48-hour window to start repaying the loan. If he/she fails to deposit crypto to a loan contract, his/her position is liquidated. Such a balanced, flexible and forgiving system creates a comfortable technical context for crypto newbies and professionals interested in leveraged NFT trading.
NPics representatives highlighted that this release is set to be a symbol of NFT disruption and synergy that changes the game in Web3 creativity and ownership:
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