Dear Users,
Blue chip NFT craze is in full swing! It's too expensive to get onboard?
No worries!
BingX launches a Blue Chip NFT Crowdfunding program which is live now!
We invite you to co-subscribe to top blue-chip NFTs, embarking on a magic NFT journey with limited funds!
Target NFTs: BAYC/MAYC/AZUKI
Starting Time: 2022-04-29 (UTC +8)
Event Period: 14 days
How to Subscribe: USDT or ETH
Event Details: During the crowdfunding event, each blue chip NFT will be divided into multiple fractions and you can subscribe to one or more fractions of the NFT. If the crowdfunding is successful (i.e., the fund raised is sufficient, and BingX will purchase on-chain NFTs and announce its wallet address), you can enjoy benefits, such as appreciated value and airdrops, presented by the NFT in proportion to the number of fractions that you have subscribed to. You can also sell your fractional NFT(s) to other investors.The actual spending on the NFT might take less than the amount raised, in which case, unused funds will be returned to your account automatically after the event ends.
FAQ:
- What is crowdfunding?
The high-quality or popular NFTs are notoriously expensive and thus are out of reach of average investors. BingX launches a crowdfunding program where NFTs are divided into multiple fractions so that users can chip in to claim a whole NFT. All of the holders of fractional NFTs can enjoy the benefits, such as appreciated value and airdrops, generated by the same NFT in proportion to the number of fractions they have subscribed to.
- How to subscribe?
During the event, each NFT will be divided into multiple fractions and you can subscribe to one or more fractions. If the crowdfunding is successful (i.e., the target NFT is acquired), you can enjoy the benefits, such as appreciated value and airdrops, presented by the same NFT in proportion to the number of fractions you have subscribed to. You can also sell your fractional NFT(s) to other investors.The actual spending on the target NFT might take less than the amount raised, in which case, unused funds will be returned to your account automatically after the event ends.
- How to unfreeze my fund?
During the crowdfunding, the fund that you invest will be frozen temporarily. If the crowdfunding is successful, the unused fund will be returned to your account automatically; If it fails, the fund will be returned in full to your account automatically.
- How to sell the NFT?
All holders of fractional NFT(s) can launch a poll to decide whether to sell the whole NFT. The more fractions you have, the more votes you get. The whole NFT will be sold when over 51% of the votes decide "yes", and the proceeds will be allocated to each holder based on the number of their fractions.
- How to sell my fractional NFT(s)?
If the crowdfunding for your target NFT succeeds, you will get fractions of the NFT corresponding to the fund that you have invested. BingX will provide a marketplace for fractional NFTs where users can sell and buy fractional NFTs freely. This feature is still in progress, please stay tuned.
Thank you for your support!
BingX Team
2022-04-29