What is a non-fungible token (NFT) and how to participate in the CashCow NFT staking closed beta?
What is an NFT?
NFTs are a new type of unique digital asset that exists on the blockchain. Non-fungible tokens can represent ownership or provide benefits to whoever owns them.
An example of NFTs is CryptoKitties, which are non-fungible tokens that represent ownership of a digital cat. You can buy and sell these cats with other players in the market and they have different prices depending on their rarity and attributes.
An NFT is a digital asset that can be owned and traded. An NFT differs from a standard token in that it can have unique attributes, such as color, name, or special attributes.
Currently CashCow Protocol has 2 editions of NFTs:
1) Genesis NFTs: 100 unique and tradable NFTs.
2) NFTs Happy Cows: 1,000 unique and tradable NFTs, it should be noted that there are still NFTs available that can be minted by opening the blindbox in our Dapp for a price of 100,000 $MILK.
What is NFT staking?
NFT staking is a blockchain innovation that unites DeFi with NFTs, resulting in the possibility of locking these digital assets in a “staking pool” to receive benefits or tokens as rewards.
In the case of CashCow Protocol, NFT Happy Cows and NFT Genesis can be deposited in a pool to produce $MILK token passively.
The yield in token $MILK of the NFTs in Staking is determined based on the MilkPower, that is, the mining power, with the MilkPower of the NFT Genesis being 10 times greater than the MilkPower of the NFT HappyCow.
Start the beta of Staking NFTs.
We invite legendary members of the community (top 100 $COW holders + Genesis NFTs Owners) to enter the VIP space on our discord server, check the pinned message with the guide to enter the NFT staking beta test of CashCow Protocol.
CashCow Protocol Discord Server: 👉 https://discord.gg/aC9Bf7NHbp