NTO, or NFT Token Offering, is a unique new way of distributing tokens, combined with NFT minting, which is used for the sale of valuable tokens in the secondary market. In other words, it is a new class of overcollateralized NFTs.
While, NFTs themselves have proven over the years in the crypto industry to be quite an ambitious market, the reality is that interest in the more common non-fungible tokens are losing value by the day.
Consequently, the emergence of other types of completely new and innovative NFTs are sweeping crypto-users. In this opportunity, we are going to learn about the new mechanism launched by ChoiseChoise, a leading cryptocurrency payment and earning solutions company operating in more than 170 countries.
The objective of NTO is to be able to generate high revenues not only from the primary sale of NFT, but also in the secondary market, as, it could reverse the downward trend, this innovation could bring a new token offering called “NTO – NFT”.
NTO (NFT Token Offering) is a unique form of token distribution. This new tool combines such distribution with the minting of NFTs, which is used for the sale of valuable tokens in the secondary market. The new NTO asset class is also known as overcollateralized NFTs.
On the other hand, the main difference with ICOs or IDOs is that the tokens that are integrated in NFTs are already traded in the market. In addition, there are add-ons that make it even more interesting, since, they can generate benefits such as: advantages, bonuses, prizes, among others. The value of the NTO is that it includes demanded mechanics, which have not been used so far.
One of the most striking features of the NTO is that the asset is already backed, i.e. it is financially licensed and continuously growing along a well-used roadmap. In addition, the NTO is a new way for companies to expand their community and increase their investments and developments in the NFT industry.
About Choise
To begin with, Choise is a platform that has more than 5 years of experience in the market and carries a continuous development and expansion in more than 170 countries They offer users various products and services to ease the path of adoption of the cryptocurrency sector.
One of its best products is the design of payment solutions, yields and various investment options. In addition, it has more than 750,000 registered users and more than $1 billion in total capitalization.
Among its services, there is a crypto wallet with which you can buy cryptocurrencies with traditional bank cards, make exchanges between two cryptos immediately or send cryptocurrencies to any user in another part of the world in a few seconds.
They also have a card that allows cash withdrawals at ATMs in over 200 countries and purchases at over 42 million merchants that accept Visa. Visa which allows you to withdraw cash from ATMs in more than 200 countries and shop at more than 42 million merchants that accept Visa.
Now, with NTOs, the new form of distribution that combines the minting of NFTs with utility tokens from projects will be able to reward buyers of NFTs. No doubt that it will be an innovation in the non-fungible token market.
At the time the NFTs are purchased, rewards are received to those purchased with popular tokens that are acquired between 3 and 6 times cheaper than their actual purchase price. In simpler words, it means that at the time of purchasing an NFT, users receive rewards in the form of tokens that are already listed on the market, but with the particularity that they are obtained at a price well below what they are currently quoted.
Through the NFTs of their first collection called “The Chobies“, buyers will receive 1000 $CHO1,000, the Choise token for each NFT minted. Currently, CHO’s are worth $0.90 USD, but by obtaining an NFT and receiving that 1000 $CHO, the value of the CHO’s will be between $0.15 / $0.25 USD.
Benefits of ONT
This is the first sale of NFTs overcollateralized by tokens.
This is a token distribution, but organized in an innovative way, with already valuable tokens as a reward for each NFT.
Users can win prizes, rebates, sweepstakes, and more.
Users could also resell the NFT at a profit due to the existence of the secondary market and royalties.
It allows existing and developing projects to be encouraged to organize token sales.
Avoid token sales pressure, since, most tokens in NFTs already have a lock-in and vesting period.
Final conclusions
This new tool powered by Choise will undoubtedly change the market and the way tokens and NFTs are distributed. At the same time, it will be able to create new and unified mechanics that will become the standard for the entire market and hundreds of companies that want to innovate with this service.
Finally, it will allow communities to receive different benefits regardless of market conditions. Over time, we will see if NTOs can form a new market trend and tools that companies will begin to employ in order to provide greater benefits to their users.
All investment or financial opinions on behalf of NFTexpress should not be taken as recommendations. This article is informational/educational material. Before making any type of investment do your own research.
Written by Rodrigo Catalan (TW: @RodrigoCatalanB) for NFT Express.