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THE WORLD'S FIRST WRAPPED NFT Pre-IDO LAUNCHPAD

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Scaleswap is the first market player to implement the technology of NFT wrapping in the new special product Multi-chain wNFT pre-IDO Launchpad.

we refer it as a “Wrapped NFT”

Because the original NFT is put in a wrapper a kind of digital vault that allows adding additional assets as any ERC-20 token to the NFT.

In addition, it is possible to set locking periods to the collateral ERC-20 tokens inside the wrapped NFT.

In simple words...

a Wrapped NFT
is a non-fungible token
in a ERC721 format

Pegged to the value of another asset or multiple assets

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Instead of a simple NFT you could have your own allocation of tokens from your favourite project, locked inside a fancy NFT collection! So, a NFT becomes a real intrinsic value extending the value of a JPEG image.

The basic technology is created by Envelop, an NFT protocol backed by Animoca Brands, that launched its IDO on Scaleswap earlier this year.

Based on Envelop’s technology, the Scaleswap team will develop the first sustainable use case for the IDO sector, introducing a pre-IDO launchpad in the format of wrapped NFTs.

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Benefits for
Launching Projects
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Early funding access

It is crucial to have a supportive community from projects’ early days but before the public sale (IDO/IEO/ICO) there is no direct financial incentive for these community members. wNFTs will open a completely new level to early supporters willing to accept the higher risk and back the project financially. No need to wait until the IDO or public sale to offer community members to support the project financially.

Pre-sale open
to diverse supporters

It is crucial to have a supportive community from projects’ early days but before the public sale (IDO/IEO/ICO) there is no direct financial incentive for these community members. wNFTs will open a completely new level to early supporters willing to accept the higher risk and back the project financially. No need to wait until the IDO or public sale to offer community members to support the project financially.

Cliffs functionality

It is crucial to have a supportive community from projects’ early days but before the public sale (IDO/IEO/ICO) there is no direct financial incentive for these community members. wNFTs will open a completely new level to early supporters willing to accept the higher risk and back the project financially. No need to wait until the IDO or public sale to offer community members to support the project financially.

Price discovery
opportunities

Price discovery opportunities. The “sweet spot” for the amount to be raised on a public sale is not always easy to assess, while IDOs with uncapped raises make the projects sometimes look greedy. Pre-sale with wNFTs will give projects insight into initial community interest for supporting the project financially and also secondary market wNFT trading will additionally help projects to come up with the “sweet spot”

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