Binance Smart Chain is becoming more and more interesting thanks to high-quality projects like the one we are going to talk about today: Refinable (FINE token). It is an NFT marketplace completely on the BSC network that has really big names behind it: MrBeast and Binance. If a project is able to collect investments from the most important exchange in the world and from one of the most popular influencers of the moment, surely the team behind it is a strong one that will be able to do great things in the future. Let’s find out more about the project and the token behind it, known as FINE.
Refinable – The NFT Marketplace on BSC
Refinable allows everyone to create their own non-fungible tokens in a few clicks, starting with physical goods that are then tokenized. These tokens can then be traded and sold or auctioned on their platform, taking advantage of the very low FEES of the BSC network (much more affordable than Ethereum).
The great thing about Refinable is that the possibilities for customizing NFTs are truly endless. It is possible to create NFTs using 2D images, 3D models, Internet domains and even music records. In short, pretty much anything interesting can now be tokenized in just a few clicks and put on the Binance Smart Chain blockchain. Once you have created your own NFT, you can also create personalized shops on which only your NFTs will be present. Everyone will then be able to become an entrepreneur/seller able to choose the type of sale of their goods. Obviously, auctions are one of the most effective ways of doing this as it is not you who decides the prices, but those who buy them.
The roadmap has seen a fairly rich Q1 as the testnet has been successfully launched and all contracts have been created and integrated on various wallets. Q2 will see various audits and the arrival of the Mainnet. There will be a lot more news in the same year as can be seen on the official website of the Refinable project.
The FINE token
The governance token of the Refinable platform is called FINE and has 500 million units. The distribution of the token is as follows:
- 20% token sale (25% unlocked at TGE)
- 20% Community mining (1.5% monthly)
- 35% Treasury Fund (10% quarterly)
- 10% Reserves (unlocked by DAO)
- 10% Team Tokens (locked for 1 year with subsequent quarterly release of 20%)
- 5% Liquidity FUND (unlocked already at TGE)
The FINE token had a private presale where tokens were sold at 0.03 cents. Whereas the IDO price will be 0.033 cents. The initial DEX Offering will be made on Polkastarter later today (in less than 5 hours from the publication of this article). Interest is sure to be high, so get your BNB ready if you want to try and buy some tokens before the price explodes. Unlike all IDOs held so far on Polkastarter, the FINE token will be listed on PancakeSwap after the IDO (instead of the usual Uniswap). I don’t know if PancakeSwap also has the annoying bots that pump up the price on Uniswap in such anticipated projects. Definitely a worthwhile sale, maybe you will be able to buy some tokens at normal prices!
The initial marketcap will only be $899k, so the climb is almost guaranteed.