SINGAPORE, June 17, 2021 /PRNewswire/ -- Solv Protocol, a
pioneering project in the space of DeFi and financial NFTs, is
officially launching its Solv Vouchers for the creation, buying,
and selling of allocations from projects all over the cryptoverse.
On the 17th of June, Solv Protocol will officially launch its
MainNet for allocations in the form of "Solv Vouchers," a
semi-fungible asset made from their own vNFT token standard.
Initial projects to list allocations as Solv Vouchers will include
DODO, Bounce Finance, Parsiq, Saffron Finance, NAOS Finance
and others. Users can go directly to solv.finance and find the
available Solv Vouchers for sale under the "Market" tab.
Since raising a private round of financing from industry-leading
funds including Axia8 Ventures, Spartan Group, IOSG, Hashed,
Krypital Group, GBV, and Maple Leaf Capital, Solv has been building
the first-ever public allocation market outside of CoinList through
its vNFT token standard, which sits between the ERC-20 and ERC-721
standards as a semi-fungible asset, allowing it to be combined or
split while keeping non-fungible information within the
asset.
Users can claim their Solv Vouchers directly from the Solv
website. Solv Vouchers can be configured to be disbursed
allocations in three different release schedules: "Linear", where
the allocation gets released based on block height; "Staged," where
the allocation gets released based on predetermined stages; and
"One-Time," which is the natural release schedule on a final
maturation date. Regardless of which release schedule the Solv
Vouchers are set to; users can split them or combine them with
other assets into bundled goods since the properties of the vNFT
tokens are semi-fungible.
This will truly unlock the world of allocations, and with it,
another layer in the ever-changing landscape of DeFi. Since the
Solv Vouchers are minted as vNFT tokens, they carry characteristics
from the ERC-721 tokens currently mostly used as NFTs. This means
that any Solv Voucher can be bought or sold on any NFT platform
like OpenSea or be used as collateral where NFTs are accepted
like on NFTfy.
For more information, please contact media@solv.finance for more
details.
About Solv Protocol
Solv is a pioneer in the world of
Financial NFTs and DeFi. It does this by having designed and
created a new ERC token standard known as a versatile non-fungible
token (vNFT) that is both flexible enough like the ERC-20, but also
non-fungible like the ERC-721, making it a semi-fungible asset. The
first vNFT token product was created in the form of a Solv Voucher,
designed to be used in the form of allocations to grant broader
access to private sales while generating much-needed liquidity for
projects or investors.
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SOURCE Solv Protocol