The recent Azuki controversy has sent shockwaves through the NFT market. While the Azuki Elementals series sold out at an astonishing speed, the project faced serious backlash due to unreasonable sales rules, poor image quality upon reveal, lack of transparency in fund management, and other issues. These factors have caused a significant rift between the project team and the community, triggering profound reflections on the development of the NFT industry. In this context, xBank, as an open financial market, aims to transform NFTs into community assets, where the community takes responsibility for asset liquidity and reaps the benefits.
Affordable Top NFTs & Community Memberships
xBank makes buying NFT consumables more flexible and affordable via its Buy Now Pay Later (BNPL) solutions. Community members can purchase NFT by setting up Payment Plans via xBank with a low Down Payment (Min Payment), and get their plan matched with a Lending Offer. The competition of lending pools for better money utilization greatly improves financial terms for borrowers and hence lower down the entry requirements for acquiring top NFT position.
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Extracting Financial Benefits from Community Asset Liquidity
xBank allows community members to provide liquidity for their favorite NFT collection as a Liquidity Providers, to support other people to borrow to buy the NFT. After the lending offer is matched with a payment plan, they will be able to obtain interest income and xBank protocol incentives. In addition, each loan on xBank is secured with an NFT collateral. In the case of bad debt, the community member who provides funds can obtain the NFT collateral at a discounted price according to the lending terms he set for the collection.Closed-Loop Transaction for Improving NFT Asset Liquidity
Liquidity is one of the key factors for the growth of the NFT market. xBank improves asset liquidity by providing two-sided trading via BNPL and Collateral Selling. Collateral Selling provides users with existing solutions at a premium price for their liquidity management. A hybrid of lending protocol with two-sided market powers up trading activities of the NFT collection and creates more trading opportunities for traders.Understandable Financial Leverage for Community
xBank provides community members with an opportunity to amplify the value-added returns of NFT assets. When community members discover trading opportunities, they can obtain excess capital benefits with the help of xBank’s financial leverage and only need to invest a small amount of down payment. This provides additional financial value to community members looking to gain greater returns in the NFT marketplace.The paradigm of NFT liquidity is shifting to being community driven. In the past, a community member could only buy an NFT asset and viraling around to improve its price appreciation. However, their social values are under realized. xBank hopes to bring financial benefits to NFT community members, and help them achieve greater success in the NFT world by providing an innovative hybrid of lending liquidity and community inclusion.
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