The first cryptocurrency NFT DeFi ecosystem is on its way, courtesy of Arsenal NFT (ANFT) and founder Scott ‘Kap’ Kapun, one which pays in stablecoins, by way of USDC.e. In fact, Kapun and his team will distribute 100% of community profits, via the network-built DeFi applications, to all holders of ANFT, the platform’s native token.
Seems like a tall task, right? Not for Kapun and Arsenal NFT because it is all about the community. The ultimate goal is to see the ecosystem thrive as its community grows and creates a passive revenue stream for all holders of ANFT.
What’s the Story?
Kapun founded Arsenal NFT because of his disappointment in certain areas of the DeFi space, as well as the unfortunately consistent scamming that has seemed to overshadow the industry. His solution, to create and spearhead the first ecosystem in the industry, which pays entirely on stablecoins, versus the platform’s native token, to counter the usual DeFi methods.
Arsenal NFT incorporates multiple smart contracts that operate within the ecosystem and engage the community.
The SPOILS OF WAR is their exclusive smart contract that tracks stablecoin rewards for all holders of its native token, ANFT. Community revenue is distributed in USDC.e to all holders of ANFT. Distribution of rewards in USDC.e ensures that rewards that are paid are immune to price fluctuations of ANFT. Kapun and Arsenal NFT believe that the most important aspect of the project is being built on value, integrity, and community engagement.
“The more ANFT you hold the more you earn. Not only is ANFT a governance token but it also acts as an IOU that correlates directly with the amount of profits that a holder is owed,” said Kapun. “The Arsenal NFT ecosystem utilizes a bonding system which offers shareholders ANFT tokens at a premium, via the dAPP in exchange for USDC.e.”
The Community is the Core of the Ecosystem
Kapun and the Arsenal NFT team listen closely to the ideas and advice generated within the exclusive ANFT Discord channel. All feedback and discussions are logged and taken seriously. Additionally, the NFTs are chosen by the community, by way of voting prior to being created, making for a modernized and refreshing approach to the investing experience, versus having to settle on what NFTs are trending at the moment.
The ANFT DeFi community is constantly growing and each individual has a say in what NFTs and DeFi applications are created. After 100% of the community profits from built applications are sent off to the Spoils of War smart contract. Stablecoins held in it are then distributed to all holders of ANFT on a 30-day cycle, while being based on the average holdings during that span.
The best strategy for investors in the ecosystem is to hold and earn, which they can do with confidence as profits are distributed in USDC.e and are free from volatility. The ecosystem does not utilize unsustainable APY’s or staking of any kind.
ANFT’s WAR CHEST is the vessel which houses all community funds appropriated from the bonding app. The community driven NFTs and DeFi applications are created after being voted on, while funds are also used to further expand the ANFT presence on other blockchain platforms. Voting is held exclusively on the ANFT snapshot.org page.
“NFT’s created will now be born from community sentiment,” proclaimed Kapun.
About Scott ‘Kap’ Kapun
Scott ‘Kap’ Kapun is the creator, owner and project lead at Arsenal NFT. He has over eight years experience in network engineering and over a decade in cryptocurrencies. His goal is to change the way Crypto/Defi projects interact with their communities while providing the tools and groundwork for all who participate to earn passive income from the Arsenal NFT Ecosystem. For more information and to get involved with the community, please visit their website at https://arsenalnft.org/.