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Cryptocurrency News Articles

ASX Capital Launches Pioneering Private NFT Treasury Bonds on Core Blockchain

Apr 20, 2024 at 02:03 am

ASX Capital announces the launch of the first private NFT Treasury Bond sale on the Core blockchain. The proceeds of this sale will be used to invest in commercial real estate in the United States. The NFT Treasury Bond is designed to support ASX liquidity, augment investment funds, and enhance transaction volumes. Bondholders will benefit from long-term ASX advantages and a share in commercial real estate investments.

ASX Capital Launches Pioneering Private NFT Treasury Bonds on Core Blockchain

ASX Capital Launches Groundbreaking Private NFT Treasury Bonds on the Core Blockchain

New York, NY, May 5, 2023 - ASX Capital, a leading provider of innovative financial solutions within the decentralized finance (DeFi) ecosystem, announces a transformative initiative with the launch of its inaugural private non-fungible token (NFT) Treasury Bonds. These revolutionary bonds are strategically designed to invest in commercial real estate across the United States, marking a significant milestone in the DeFi industry's integration with real-world assets (RWAs).

Introducing ASX Treasury Bonds: Empowering DeFi with Stability and Growth

ASX Capital's groundbreaking Treasury Bonds, introduced in March 2023, were meticulously crafted to enhance ASX liquidity, amplify investment funds, and elevate transaction volume. The introduction of NFT Treasury Bonds further strengthens these objectives by leveraging the unique capabilities of NFTs and RWAs.

Harnessing the Power of Core: Blazing Speed and Unparalleled Efficiency

ASX Capital has strategically chosen the Core Layer 1 blockchain as the platform for its private NFT Treasury Bonds. Core's lightning-fast transaction speeds and exceptional cost-effectiveness make it an ideal platform for this transformative initiative.

Real-World Assets: Bridging DeFi and the Tangible Economy

ASX Capital firmly believes in the immense potential of DeFi to seamlessly integrate with RWAs. The funds generated from the NFT bond sale will be judiciously allocated toward acquiring equity in commercial real estate within the United States. This strategic investment not only enhances yield but also serves as an RWA strategy, amplifying token buybacks and bolstering the primary goal of expanding $ASX liquidity.

Exclusive Offering: Private NFT Treasury Bonds for Select Investors

The private NFT Treasury Bond offering is exclusively available to private investors, aligning with ASX Capital's commitment to fostering the growth of the entire ASX ecosystem. The NFTs will be minted on Core, with yields distributed to holders through the native $ASX token. As of today, a substantial sum of $55,900 has been raised in collaboration with RWA partners.

Tokenomics and Yield Allocation: Reinvesting for Ecosystem Sustainability

Notably, 10% of the yield generated from the RWA investment will be dedicated to purchasing ASX tokens, augmenting the treasury and reinforcing the stability of the ecosystem. This allocation mechanism ensures that investor returns are directly reinvested into the growth and longevity of ASX.

Weekly Buybacks and Giveaways: Nurturing Ecosystem Growth

ASX Capital's unwavering commitment to ecosystem growth is evident in its ongoing $ASX weekly buybacks. The treasury actively acquires $ASX tokens, bolstering liquidity and solidifying the ecosystem's foundation.

Furthermore, ASX Capital has partnered with leading Core-based decentralized exchanges (DEXes), Glyph and IceCreamSwap, to launch the TaskOn campaign. Users can participate in simple tasks to earn $ASX tokens, further promoting community engagement and rewarding active participation.

Glyph Exchange Trading Competition: Rewarding Trade and Liquidity

The Glyph Exchange trading competition, featuring the ASX — WBTC trading pair, offers users an exciting opportunity to earn points and potentially secure valuable rewards. This initiative encourages active trading and contributes to the overall liquidity of the ASX ecosystem.

Staying Connected: ASX Capital's Commitment to Communication

ASX Capital remains dedicated to keeping its community informed and engaged. The team actively utilizes social media platforms to provide timely updates, announce initiatives, and foster a sense of camaraderie within the ASX ecosystem.

In anticipation of the upcoming "Bitcoin Halving," ASX Capital extends its best wishes to the entire cryptocurrency community. The team believes that this significant event will further energize the market and drive innovation within the DeFi sector.

Join ASX Today: Empowering the Future of DeFi

ASX Capital invites individuals to join its thriving community and contribute to the growth of the DeFi ecosystem. Engage with ASX on Twitter, Telegram, or visit the official website to stay informed about the latest developments.

Disclaimer: This is a paid press release, and BSC.News does not endorse nor is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should conduct their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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