EarnX is using Radio-frequency identification (RFID) Innovation and linking blockchain technology to transform NFTs.
The NFT platform often enters the scene to provide tangible utility value that can be used quickly.
EarnX, is a subsidiary of Yearn Classic Finance, which looks at NFTs in a whole new way. EarnX uses RFID technology combined with blockchain technology to completely change NFTs.
RFID integration will allow physical products to be integrated with NFTs throughout the show. Since EarnX is a community-based token, it integrates the ability of the community to vote for products and participate in auctions.
The deflationary nature of EarnX tokens serves as one of its main benefits, which is allowing you to earn more from your token existence. The token has voting rights, influence and also influence on producers and artists who join EarnX, emphasizing scarcity, stability and utility.
The token also impose a 10% tax on all transactions in order to combat excessive price increases. 5% of this is locked to the liquidity pool for four years while the remaining 5% is returned as a weighted distribution between token holders and copy addresses.
EarnX is built on the Binance Smart Chain, and also has the characteristics of low gas and continuous burning rate , which helps achieve price stability and use case advantages, and at the same time encourage long-term holders to continue operating.
Due to the association with DxSale, the fluency of the agreement is particularly safe. The team also released a forward-looking roadmap that will focus on NFTs in the coming months.
In another announcement earlier this week, the EarnX team shared that NFAXE will be a project in the third quarter; NFAXE is a physical ax and an associated NFT, which is sent to the winning NFT bidder. Earn’s team also shared another project, NFCarpet.
Earlier this month, EarnX just released an announcement of a partnership with Bella. The association seeks to explore three main groups: providing high-quality NFTs supported by physical art in DeFi, community collaboration, and exploring innovations around NFT mining, dynamic NFTs, and NFT airdrops.
In the statement about the partnership, EarnX co-founder Marcus King also pointed out that there will be a “physical NFT suite for the Bella protocol” in the future.
EarnX tokens have also been added to Bitrue supported tokens at the start of the month. Bitrue users can now trade EARNX tokens using USDT and XRP. one of the DeFi and NFT pillars of Binance Smart Chain is EarnX .
With the continuous improvement of partnerships and exposure, EarnX hopes to continue to actively respond to the growing pattern of DeFi and NFT.