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NFT Index: What is it?

Fri Aug 05, 2022 12:55 pm

Simply explained, MEXC divides the purchased NFT into a certain amount for indexation and uses that amount as its value support when buying a specific quantity of a blue-chip NFT collection (possible ones). Users can simultaneously enjoy relevant NFT rights by simply trading like a spot to obtain a specific share of the NFT Index. For instance, MEXC buys second-generation NFT before Moonbirds airdrops the first. Therefore, MEXC will sell the second-generation NFT Moonbirds Oddities at an appropriate price for sale after receiving the second-generation NFT airdrop. Holders of NMOON will be given a share of the NFT Index positions in accordance.

In a same manner, MEXC will restore the airdrop received to the holder in accordance with the NFT Index position share when an NFT formally issues a Token and gives it away to NFT holders. In addition to being able to be purchased and sold at any time, its NFT Index also gives investors the option of redeeming their NFT when a share reaches a full NFT exchange.

Use the MEXC launch of N MOON as an illustration. The NFT Index is backed by the Moonbirds #5816, #347, and #8298 that MEXCC purchased. It is divided into 10,000,000 Indexes for free purchasing and trading, with a purchase volume of 1,000,000 units. Every week, buyers can get in touch with MEXC to redeem a full NFT.

Up to this point, MEXC has released 9 NFT Indexes, including NMOON, NCLONEX, NAKI, NMEEBITS, NDDS, NIFRIEND, etc., that are supported by Moonbirds, Clone X, Azuki, Meebits, Doodles, Invisible Friends, etc. It was not only the first exchange in the world to introduce NFT Indexes, but it also has the most blue-chip NFT Indexes listed on it.

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