NFT Ticket

What is NFT Ticket?

GyroX introduces the NFT ticket as proof for creating a CDS, leveraging the verifiability, traceability, viewability, transparency, and inalterability of NFTs. The NFT Ticket has many diverse applications in product innovation such as buying, trading, and collections.

Gyrox will further empower NFT Ticket holders with more stakes and rights, in terms of minting, leasing, governance, liquidity mining, etc. With the NFT Ticket mechanism, NFT Ticket holders will become the major contributor to the enrichment of markets and the ecosystem on GyroX.

What is the purpose of holding NFT Tickets?

NFT holders will enjoy multi-dimensional benefits that can be concluded below:

• Scarcity value. Only a total of 4096 pieces of NFT Tickets will be cliff released. Users who desire to issue a CDS are required to hold or rent an NFT Ticket, and as the demand to issue CDS booms the price in the secondary market will rise.

• Collection value. Along with the release of NFT Tickets, more “NFT” properties will be unveiled, such as the rightto issue 1, 3, and 5 CDS per ticket when the first batch of NFT Tickets is released. More innovative mechanics will be introduced and add value to NFT Tickets.

• Share of platform proceeds. 10% of the service fee charged by the platform for all transactions of the CDS issued will be allocated to the NFT owner. The more attractive the CDS is, the more rewards NFT holders will gain.

When and where can I get an NFT Ticket?

We will start issuing NFT Tickets soon, please stay tuned to our Twitter and community.

How do I transfer my NFT Tickets?

NFT holders can transfer and transact their NFT Tickets in the GyroX market, which is currently under development. Leasing is another spotlighted function going to be launched. The smart contract will automatically transfer the NFT Ticket back to the leaser once the lease term terminates.