Rapid Road to Riches You Must Understand-Journey to 25x
We are pleased to announce that the first round of voting has now ended. First-round NFT entries are now up for auction. In this article, we take the top voted piece, ‘When will the rain stop,’ and use it to illustrate how your auction participation can make you rich.
The Token Mint in the above diagram is the number of UARTs cast into this NFT by the smart contract, based on the volume of user votes. In other words, this NFT is now not only an artwork but also a financial asset. The artist, Himbad, designed its artistic value, and the casted UARTs add its monetary value.
Even if you are void of artistic appreciation of such artwork, you cannot deny its financial value. When available to be traded, the casted UART can be removed from the NFT and liquidated. With that said, at a minimum, the NFT is worth 57703.77 UART.
From the standpoint of an art connoisseur, this particular NFT is even more attractive than ordinary art; the degree of its liquidity far surpasses that of traditional artwork, which is a low-frequency traded category. The aforementioned UART minted in the NFT will have sufficient liquidity to support its circulation, and since liquidity in itself adds value to an asset, this value is directly passed onto the NFT. Think of this financial value as the “money jar,” something that anyone can appreciate.
Let’s crunch some numbers. The IDO price of UART will be 0.25 USDT; that puts its minimum value at 14,425.94 USDT. If you are lucky enough to buy this piece for its auction starting price of 800 USDT, you will have achieved asset value growth of 25x in a manner of minutes.
We cannot imagine it will sell for 800 USDT. So long as you purchase it for less than its minimum value of 14,425.94 USDT, there will be some meat on the bone. Again, this completely ignores any intrinsic artistic value created by Himbad. Based on its popularity during the voting round, this artistic value is remarkably high.
Again, we must mention that we have only focused on this winning piece — however, several other excellent NFTs are up for auction that will have similar value baked into them.
Your road to riches is neatly paved and ready for you to follow. Think you understand? If so, get started on your prosperous journey by clicking the below link: