$NMKR Token to Launch in 2022: Here's What You Need to Know

There's a digital currency on the block, and it goes by the name of $NMKR. This token is set to launch in the second quarter of 2022, and it seeks to change the way we think about user-centricity. With a total supply of ten billion tokens, $NMKR will be used for minting, selling, buying, and showcasing NFTs using a dedicated marketplace. Keep reading to learn more about this exciting new project!

$NMKR token: What Is It? $NMKR will be the native currency of the NFT marketplace that NFT-MAKER is developing. With their marketplace executed on Smart Contracts being the centerpiece for the entire ecosystem, they will also offer a stake pool that will allow users to earn rewards in $NMKR tokens. Earning $NMKR can also be possible by delegating ADA to their stake pool. 

What can you do with $NMKR? The tokenomics of $NMKR are quite simple. There will be a total supply of ten billion tokens, with 7.5 percent of that being available for sale during the pre-sale phase. In the following phases, they will do step-by-step distribution pertaining to ICO, IDO, airdrop, and so on. About 48% will be available to the community and participants. 

NFT-MAKER has set a hard cap of 4.8% of tokens available per user to decentralize ownership and prevent misuses. 

The $NMKR token will have multiple use cases. Firstly, it will be used for minting NFTs. Secondly, $NMKR tokens can also be staked in order to earn more rewards.

We got a chance to get a statement from their CEO Patrick Tobler, and this is what he said about their project.

"The $NMKR token is a vital part of our ecosystem as it will be used for various purposes within the NFT-MAKER ecosystem. It is meant to help evolve the entire NFT industry to new heights and give power back to the people."

They will deploy a community governed verification process based on a voting system to maximize user protection. For a project to be verified from outside of its ecosystem, it must meet a minimum vote count and surpass the approval threshold. Approved projects will then be added to the NFT-MAKER database as verified NFT projects. This will help ensure that buyers can purchase genuine pieces of NFTs.

Overall, we think this will be a fascinating project to keep an eye on as it has the potential to change the way we think about NFTs. The token itself seems to have a lot of utility, and we're looking forward to seeing how the team develops this project further.