DigiCol is a next generation NFT marketplace aiming to transform how NFTs can be created, traded, and used. With DigiCol, users can create NFTs with one-click and list them for sale on the Digicol marketplace.
The platform will also be the first of its kind to implement DeFi features, allowing users to place NFTs into a smart contract as collateral to borrow Ethereum, Tether or Digicol’s native platform token, DGCL.
DGCL Token Info and Sale
One of the key aims for Digicol is to evolve into a decentralised autonomous organisation where DGCL token holders can control the future direction and development of the platform.
The public token sale of DGCL will take place on the ACDX exchange and runs from 24th – 28th December. The token sale will offering 2,000,000 DCGL at a price of $0.1, capping the sale at $200,000. Readers can find out more information on how to get involved here.
It is worth noting that investors will have to pass a KYC check to invest in token sale. In the case of over subscription, a lottery draw will be used to choose the successful investors.
The spot trading market of DGCL/USDT will be opened at ACDX on the 29th December 2020.
DGCL Utility
As the DigiCol platform evolves, DGCL will be used to vote on governance changes. DGCL owners are the active participants in the DigiCol platform and their DCGL holdings will allow them to vote on how the infrastructure evolves.
NFT creators will be rewarded in DCGL every time their token changes ownership, while holders can also be rewarded for showcasing their portfolio.
One the most impressive features is that DGCL tokens enable holders to acquire fractional ownership in an NFT often referred to as “Sharding”. Digicol aims to remove the current barriers to entry for investors in acquiring some of the most valuable NFTs.
DigiCol also incorporates DeFi functionality in its platform. Those that own NFTs on the DigiCol platform can utilise the tokens as collateral to borrow assets like Ethereum and USDT.
DigiCol will operate a liquidity pool to facilitate this DeFi functionality, with those who provide liquidity to the pool receiving rewards.
Experienced Team
DigiCol has put together an all-star team to design and deploy the platform. The CEO of DigiCol, Eric Shim, has spent the past three years at Hanwha Group helping financial enterprises optimise their digital strategy. The COO of DigiCol, Henry Joo, was directly involved with the incubation and launch of Pokemon Go in the Japanese market.
The project is advised by Andy Cheung, the founder of ACDX. Andy has provided valuable insights to the development of the project with his tremendous experience in serving executive roles at global enterprises such as Groupin and Alibaba.
Final thoughts
As the size of the NFT market grows rapidly, one of the keys areas in this growth will be the emergence and development of NFT marketplaces. It is forecast that NFT marketplaces will benefit as the NFT industry grows similar to how crypto exchanges grew from the explosion in cryptocurrency trading.
The platforms that stand out from their competitors always become market leaders and Digicol has the potential to be among these.
One of the reasons for this is that by integrating the two hottest trends in blockchain with NFT and DeFi, Digicol is poised to take the NFT marketplace by storm when their platform launches in Q1 2021.
Social links
Website: https://digicol.io/
Twitter: https://twitter.com/DigiColofficial
Medium: https://medium.com/@digicol
Telegram: https://t.me/digicolofficial
Telegram News Announcement: https://t.me/digicolnews