The DNFT (DefiNFT) platform is a revolutionary advancement in the NFT space, introducing the concept of "Asset Backing" to transform how NFTs are used. Operating as a decentralized finance (DeFi) protocol on the Binance Smart Chain, it empowers users to create NFTs enriched with additional assets, extending their functionality beyond mere artistic value.

DNFT securely preserves the cryptocurrency used for minting within the NFT, providing users with added utility. Asset Backing enables users to augment their DNFTs with assets like cryptocurrencies, turning them into valuable financial assets that attract potential buyers. The crypto used for minting is stored within DeFi contracts, and users have the option to "burn" their DNFTs to access exclusive rewards and the underlying assets.

In exchange for burning, users receive 5 million MVDBX Asset Backed Tokens (ABTs) for each BNB used to mint the DNFT. These MVDBX tokens can be employed for exclusive rewards or traded. Collectors benefit by unlocking the financial potential of their holdings, whether by holding onto them or utilizing the assets within DNFTs in DeFi protocols or decentralized exchanges.

DNFT encourages collaboration among different protocols, expanding the creative possibilities for both creators and collectors. In summary, Asset Backing is reshaping the NFT landscape by combining the uniqueness of NFTs with the functionality of DeFi, offering limitless possibilities within the crypto world through trademark , copyright-protected and patent-pending technology.

DNFT Foundation and DAO

What is the DNFT Foundation?

The DNFT Foundation serves as a vital organization committed to the advancement and support of the DNFT ecosystem. Its core responsibilities involve overseeing operational functions, managing governance structures, and cultivating a vibrant community around the DNFT project. The foundation's primary mission revolves around ensuring the enduring success and sustainability of the DNFT ecosystem.

What Is a Decentralized Autonomous Organization (DAO)?

A Decentralized Autonomous Organization (DAO) is a unique organizational structure that operates without a central authority. It relies on blockchain technology and its members to make collective decisions, using DNFT based tokens for voting rights. DAOs are known for their transparency, autonomy, and decentralized nature, and they have applications in various sectors, particularly in blockchain-based projects and decentralized finance (DeFi).

DNFT-1 Series Collection  - Tokenomics.

What is the DNFT -1 Series Minting Cap?

The DNFT-1 Series Collection is subject to a minting cap of 500k BNB, as set by the DeFi platform. When each DNFT-1 Series token costs 0.1 BNB for minting, the maximum number of DNFTs that can be produced is 5 million. Once the platform reaches the 500k BNB limit in minting, further minting of DNFT-1 Series tokens will be halted, establishing a finite supply.

What is MVDBX?

In the DNFT-1 Series collection minting process, which is a DeFi project, the cryptocurrency asset (BNB) used for minting is held as collateral within the DeFi platform. This collateral is represented and can be accessed only by burning MVDBX tokens, providing a mechanism to unlock and utilize the stored BNB crypto assets.

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How can I mint MVDBX?

You can mint MVDBX tokens only using two method and is capped at 888 Trillion:

1. Burning DNFT - 1 Series : By burning a DNFT - 1 Series collection, you'll earn 50 million MVDBX tokens for each BNB used during its minting. As more DNFT - 1 Series collections are burned, the reward ratio increases, reaching 62.5 million MVDBX per BNB at 50% burned and 125 million MVDBX per BNB at 90% burned with a maximum issuance of 312.5 Trillion tokens. This incentivizes token burning, decreasing the supply and enhancing the crypto asset backing the tokens. Simultaneously, the artistic value of the DNFT - 1 Series collection increases as its supply diminishes.
2. Minting DNFT - 1 Series : When you mint a DNFT - 1 Series, you'll receive 50,000,000 MVDBX tokens for each BNB used. These tokens are deposited into your referral wallet as part of the "refer a friend" program, with a maximum issuance of 575 Trillion tokens in rewards.

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How will the MVDBX CAP affect its pricing?

The value of MVDBX tokens, which represent the collateral (BNB) stored in DeFi, is closely tied to the market price of BNB. This connection means that the price of MVDBX is directly impacted by fluctuations in the market price of BNB since accessing BNB requires the burning of MVDBX tokens.

What is the Refer a Friend Reward Program?

After activating your DNFT wallet, invite others through your referral link. When they mint DNFTs using your link, you'll receive an immediate reward of 5 million MVDBX tokens, which can be converted to USDT or other cryptocurrencies on QuickSwap DEX. This DeFi referral program encourages community growth among movie lovers and anticipates exclusive perks from production houses as the community expands. Let's empower movie enthusiasts and grow the DNFT community together.

Due to the potential for losses, the investment considers this investment to be high risk. The artistic value is what you should consider before mint or purchasing.

What are the key risks?

1. You could lose all the money you invest
• The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets
• The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to DeFi.
3. You may not be able to sell your investment when you want to
• There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
• Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
• Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
• You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don’t put all your eggs in one basket
• Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
• A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

The DNFTs (DefiNFT) platform represents a ground breaking evolution in the world of NFTs, pushing the boundaries of what's possible in this innovative space. It revolutionizes the way we perceive and use NFTs (non-fungible tokens), introducing a concept known as "Asset Backing."

At its core, DNFT with Asset Backing is a decentralized finance (DeFi) protocol built on the Binance Smart Chain. This protocol enables users to create NFTs that contain additional assets within them, giving NFTs a new dimension and functionality in addition to the artistic value it holds. This combination of NFTs and DeFi introduces exciting possibilities for DNFT digital assets.

One of the primary advantages of DNFT is its capability to store crypto used to mint it within a DNFT. This means that users can add extra value and utility to their DNFTs by locking tokens inside them. These tokens can then be accessed and used within the DNFT ecosystem, unlocking a wide range of use cases for creators and collectors alike.

Asset Backing in the minted DNFT enables the user to enhance the value of their DNFTs by incorporating additional assets, such as cryptocurrencies, into the DNFT. This allows them to monetize their creations more effectively, as their DNFTs not only represent art or collectibles but also offer additional financial benefits. Leveraging the scarcity and uniqueness of NFTs, creators can attract buyers who appreciate the added assets stored within the Lively Particle. This will include the production house of movies who will offer exclusive benefits to DNFT holders in exchange to the Asset Backing.

“The BNB (or any crypto) used to mint the DNFT (“asset backing") are stored in the DeFi contracts. The users can burn the DNFTs for exclusive rewards and other benefits offered by production houses from time to time (ex. to buy movie tickets or exclusive deals offered to DNFT holders from time to time)”

The BNB (or any crypto) used to mint the DNFTs are stored in the DeFi contracts (“asset backing"). The users can burn the DNFTs (a process of minting new DeFi - Asset Backed Tokens (ABTs) called DBX by permanently destroying the metadata of the digital art locked in the DNFT they own). In return the user will receive 1Million DBX ABTs in their wallet for every DNFT burned. The DBX token can be used for exclusive rewards and other benefits offered by production houses from time to time (e.g. to buy movie tickets or exclusive deals offered to DNFT holders from time to time or traded for other cryptos). Similarly, the burning will also increase the artistic value of the remaining limited edition DNFTs as the number of limited edition DNFT for that specific art are further reduce after each burning.

Collectors also benefit significantly from the Asset Backing platform. By acquiring DNFTs that contain valuable assets, collectors gain the ability to tap into the financial potential of their holdings. They can choose to hold these Asset Backing, expecting their intrinsic value to appreciate over time. Alternatively, they can use the assets stored within the DNFTs in other DeFi protocols or trade them on decentralized exchanges. This increases the versatility and fungibility of their DNFTs, providing collectors with additional financial opportunities.

DNFT is a decentralized platform, fostering a vibrant and collaborative ecosystem. Developers can integrate their applications with NFTs, leveraging the composability of DeFi to create innovative new products. This collaboration among different protocols expands the possibilities for both creators and collectors, ensuring that the platform's potential is fully realized.

In summary, the Asset Backing (DeFiNFT) platform is reshaping the NFT landscape by merging the uniqueness of NFTs with the functionality of DeFi. By allowing users to lock additional assets within NFTs, Asset Backing empowers creators to enhance their offerings, while collectors gain access to a more versatile form of digital asset ownership. With its decentralized and collaborative nature, Asset Backing opens up limitless possibilities within the crypto world, unlocking exciting realms of exploration for creators and collectors alike.