About ShredN
ShredN stands out as a groundbreaking protocol meticulously crafted to effectively address the persistent challenge of low liquidity within the realm of NFTs. In stark contrast to its counterparts involving NFT fragmentation or NFT Automated Market Maker (AMM) mechanisms, ShredN takes a tailored approach by introducing diverse liquidity solutions tailored to the distinct characteristics of various NFT types, including both ERC-721 and ERC-1155 tokens.
What truly sets ShredN apart is its innovative capacity to differentiate between unique ERC-721 IDs, thereby enabling NFTs possessing distinct attributes to garner equitable valuations grounded in the inherent rarity traits they embody. This progressive protocol marks a pivotal advancement in the NFT ecosystem, demonstrating an astute understanding of the multifaceted nature of NFT liquidity concerns and delivering targeted solutions that promise to reshape the landscape for the better.
ShredN Price Live Data
The live ShredN price today is $0.573938 USD with a 24-hour trading volume of $267,519 USD. They update SHRED to USD price in real-time. This is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #2559, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 SHRED coins.
If you would like to know where to buy ShredN at the current rate, the top cryptocurrency exchanges for trading in the stock are currently Cointr Pro, Toobit, and CoinTiger. You can find others listed on crypto exchanges page.
Targeted solutions
The ShredN protocol covers a variety of liquidity solutions, such as fragmentation, NFT AMM, and trading strategies for NFT attribute characteristics. Users can choose the appropriate solution according to themselves.
Multi-chain
ShredN’s vision is to release the liquidity of all NFTs. To this end, ShredN will support all public chains where NFTs exist.
Community governance
Community members can manage NFT projects existing on ShredN by voting, decide the development direction of ShredN, and jointly develop NFT liquidity solutions.
Polymerization
In order to make NFT prices smoother and more liquid, ShredN will aggregate all existing NFT liquidity solution platforms.
Tokenomics
Community governance:
Users who hold SHRED can decide the development of ShredN by voting and manage the NFT projects listed on ShredN.
Fee reductione:
When trading NFT on ShredN, the platform will charge part of the fee as a reward for NFT liquidity providers; users who hold ShredN will be charged a lower fee when trading.
Rewards for NFT liquidity:
The fees charged by the platform will be distributed to NFT liquidity providers in the form of SHRED tokens.
Features
Customized Liquidity Solutions:
ShredN is designed with the primary goal of addressing the persistent issue of low liquidity within the NFT space. In contrast to conventional NFT fragmentation or NFT Automated Market Maker (AMM) protocols, ShredN takes a pioneering approach by tailoring liquidity solutions to the specific characteristics of different NFT types, whether they are ERC-721 or ERC-1155 tokens.
NFT-Type Specific Approach
Unlike other protocols, ShredN recognizes that the liquidity challenges faced by ERC-721 and ERC-1155 tokens are unique. To tackle this, ShredN introduces distinct liquidity strategies optimized for each NFT type, ensuring that liquidity concerns are addressed in a nuanced manner that takes into account the nuances of these tokens’ structures.
Individual ERC-721 ID Differentiation
A standout feature of the ShredN protocol is its ability to differentiate between individual ERC-721 IDs. This means that NFTs possessing varying attributes and rarity traits can be accurately assessed and assigned fair valuations. This innovative approach paves the way for more precise pricing that is reflective of the inherent uniqueness and desirability of each NFT.
Rarity-Driven Valuations
ShredN leverages the capability to distinguish between different ERC-721 IDs to enable fair valuations based on rarity traits. This means that NFTs with distinct attributes, levels of rarity, and overall scarcity can be appropriately priced, mitigating the issue of under- or over-valuation that often plagues the NFT market.
Bottom Line
In conclusion, ShredN emerges as a groundbreaking solution poised to effectively tackle the persistent challenge of low liquidity within the realm of NFTs. Setting itself apart from conventional NFT fragmentation or NFT Automated Market Maker (AMM) protocols, ShredN adopts a meticulously tailored approach by introducing distinct liquidity solutions for the diverse array of NFT types, be it ERC-721 or ERC-1155 tokens.
Furthermore, the ShredN protocol showcases its innovative edge by its ability to discern between various ERC-721 IDs, ushering in an era where NFTs with varying attributes can attain fair and accurate valuations grounded in their inherent rarity traits. With these advanced features, ShredN not only promises to reshape the NFT landscape but also to redefine the way NFT liquidity and valuation challenges are approached, ultimately leading to a more equitable and vibrant NFT ecosystem.
