ShredN
SHRED #9386Project Safety Score: 26%
Updated 2 weeks, 6 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
What is the project about?
ShredN is a protocol dedicated to perfectly solve the low liquidity problemof NFTs. Unlikeother NFT fragmentation or NFT AMM protocols, ShredN will set different liquidity solutionsfor different types of NFTs (ERC-721 or ERC-1155). At the same time, the ShredNprotocol
will distinguish different ERC-721 IDs, allowing NFTs with different attributes to achievefairvaluations based on their rarity traits.
What makes your project unique?
1. Targeted Solutions
The ShredN protocol covers a variety of liquidity solutions. These include: fragmentation, NFT AMM, and the creation of trading strategies for NFT traits. Through Shredn users canchoose the right solution for their individual needs.
2. Multi-chain
ShredN's vision is to enable all NFTs to unlock and access liquidity. To this end, ShredNwill
support all public chains where NFTs exist.
3. Community Co-Governance
Community members can vote to manage the NFT projects that exist on ShredN, decidethedirection of ShredN, and work together to develop NFT liquidity solutions.
4. Aggregation
In order to make the price discovery of NFTs smoother and more liquid, ShredNwill
aggregate all existing NFT liquidity solution platforms.
What can your token be used for?
Community Governance: Users holding SHRED can decide the development of ShredNthrough voting and manage the NFT projects on ShredN's shelves.
Fee reduction: When trading NFTs on ShredN, the platform will charge a portion of thefeeas a reward for NFT liquidity providers; users holding ShredN will be charged a lower feewhen trading.
NFT liquidity providing rewards: the commission charged by the platformwill be issuedtoNFT liquidity providers in the form of SHRED tokens
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
