Refinable

About Refinable

{"time":1704989083000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Refinable is a multi-chain decentralized marketplace that allows users to create, discover, explore, and trade NFTs.","Refinable was one of the first major NFT marketplaces launched on the Binance Smart Chain and allows users to engage with NFTs with lower barriers.","Refinable now also provides multi-chain support with Polygon network with additional multi-chain support in the development pipeline."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Refinable operates a decentralized, multi-chain NFT marketplace whereby users can create, discover, explore and trade NFTs."},"type":"header"},{"type":"paragraph","data":{"text":"Refinable’s Marketplace is designed to give users greater control and flexibility in how they engage with NFTs.\r\nRefinable highlights NFTs created through their partnerships with notable designers and other cryptocurrency projects.\r\nIt showcases popular NFTs created by the Refinable community.\r\nRefinable also provides transparency towards the history and interactions with each NFT on their Marketplace."}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"Existing marketplaces are succumbing to high gas fees on Ethereum."},"type":"header"},{"type":"paragraph","data":{"text":"Refinable originally released its mainnet on BSC and recently added Polygon to its arsenal of blockchain solutions. This gives users the flexibility of choice when buying, selling, and creating NFTs."}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"Refinable now offers multi-chain support on the Marketplace, with more networks being planned."},"type":"header"},{"type":"paragraph","data":{"text":"Refinable also wants to support NFT gaming by providing a dedicated, one-stop solution for users to monetize on their NFT gaming assets.\r\nStaple trading features including buy or sell, auction, and offers will be included first, followed by affordable transactions to reduce the friction of trading on on-chain."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Refinable has budgeted a runway for at least two years from its inception."},"type":"header"},{"type":"paragraph","data":{"text":"Refinable gains sustainability through trading fees, which is 2.5% of each exchange on the Marketplace.\r\nThe initial capital raised is dedicated to the development of the product and the operational costs associated with it."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"The main competitors would be Opensea and Rarible in the sense that they are all decentralized marketplaces dealing with NFTs."},"type":"header"},{"type":"paragraph","data":{"text":"Refinable launched their gaming initiative to help promote NFT Gaming projects specifically.\r\nBy shifting their focus towards gaming, they will be able to provide developers an easy solution to import and trade their content on Refinable.\r\nRefinable will successfully move into providing a platform for new NFT gaming projects."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"$2.9M was raised from the private sale of the native $FINE token."},"type":"header"},{"type":"paragraph","data":{"text":"Participants in their private sale include notable venture capital firms in the blockchain space, such as GBV Capital, AuU21 Capital.\r\nThis is in addition to established cryptocurrency opinion and thought leaders such as Boxmining."}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"items":["Nick Chan (Co-founder)","Maxim Geerinck (Co-founder)"],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"$FINE is the native cryptocurrency token used on Refinable."},"type":"header"},{"type":"paragraph","data":{"text":"Users who hold and stake their $FINE tokens will also benefit from major discounts on up to 60% of platform fees.\r\nRegular buyers and sellers have to pay 2.5% in the service fee, while secondary platform sellers have to pay 2.5% plus a percentage of royalties.\r\nFor $FINE holders, these commissions are slashed to 1.5% for buyers, 2% for primary sellers, and 1.5% plus royalties for secondary sellers!"}},{"type":"paragraph","data":{"text":"With $FINE, token holders will gain access to exclusive events such as special item auctions, exclusive drops, and unique listings from the Refinable team and community.\r\nToken holders will all get to participate in platform moderation, with power democratically determined based on the underlying number of FINE tokens each participant owns."}}],"version":"2.27.2"}