CUP Finance - A Decentralized marketplace for Sports digital assets

 

What is Cup Finance?

Cup finance is a decentralized marketplace for sports digital assets based on Ethereum blockchain converted from ERC721 to ERC20 which brings better liquidity for NFT trading.

The market for Non-fungible token (NFT) is very promising but it is set back by the current market structure.  The uniqueness of a token allows trading a longer and more expensive method than trading a fungible token. Fungibility is what makes for stronger markets. Our thesis is that fractional ownership through fungible tokens is the right solution, That is to say, ERC721 tokens will be cut into "particles" through the form of mortgage custody and converted into ERC20 tokens to complete the interaction between the agreements. That's why we designed the Cup. Finance . the Platform where fractions for any NFT can be created and traded by anyone.

What IS NFT ?

Non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms. NFTs are used in several specific applications that require unique digital items like crypto art (rare art), crypto-collectibles and crypto-gaming.

What is Blockchain?

Blockchain is a different type of database, an immutable ledger which can be used to prove ownership of the digital content, while also proving the authenticity of such content. This immutability exists through the way that new data is added in blockchains. Data is added to a blockchain in the form of blocks, with new information being added as new blocks. This means that previous information is retained, rather than overwritten. Hence the name: blockchain.

Thanks to this technology, blockchains allow for Non-Fungible Tokens (NFT) to exist: assets that are created and recorded on the blockchain. Due to the immutable nature of the blockchain, these NFTs can be proven to be unique assets without duplicate.

The unchangeable history and trust that blockchain enables also allows for true ownership to exist. Unalterable records help in verifying that the owner of the content is indisputable, giving players assurance that their content is truly theirs. And with this ownership comes the empowering benefit of being able to sell and trade this content.

Announcing Cup.Finance: A Decentralized Marketplace for Sports Digital Assets with better liquidity and MORE!

Over the last few years, we’ve all seen the emergence of several new digital assets on the Ethereum blockchain. The most prominent of these was cryptokitties, but several more are emerging, and several other Ethereum-based games are in the works. We believe there will be an explosion of these assets in the coming months.

Cup.Finance a decentralized marketplace for Sports digital assets on the Ethereum blockchain. Cup.Finance aims to become global hub for blockchain-based digital collectibles centered on popular sports licenses.And created a new form of NFT trading, bringing better liquidity and valuation methods to the NFT world.

Features of Cup.Finance :

• Supports stablecoin mining, now you can also mine CUP with USDT and ETH
• 20% staking fee will be added into the liquidity pool on uniswap to ensure benefits of long-term supporters
• 2-tier referral rewards 
• Stable rate of return guarantee: basic rate of return + dynamic rate of return
• All contracts have been audited by the authoritative organization：https://www.lianantech.com/#/
• NFT exchange has great potential and CUP has great value
• Continuous mining, strong project sustainability, asset flow will drive asset appreciation.

Thesis is that fractional ownership through fungible tokens is the right solution, That is to say, ERC721 tokens will be cut into "particles" through the form of mortgage custody and converted into ERC20 tokens to complete the interaction between the agreements. That's why we designed the Cup. Finance . the Platform where fractions for any NFT can be created and traded by anyone.

Step-by-step concept :

The concept is divided into 3 categories

• Creating Particles
• Selling Particles
• Secondary Market and liquidity incentives

Features of NFT Particles :

Particles in cup.finance, have many benefits we’ll highlight here and probably many more that remain to be discovered. At its core, a Particle is an ERC20 token that functions like any other token on Ethereum, and the key features are:

Dynamic Valuation: every time a particle is traded on the open market(Cupnftswap), this updates the NFT’s total value, which is simply a multiple of its numbers of particles.

More Democratic: since you can now buy "particles" of NFTs, access to valuable objects is widened from just one to a nearly infinite amount of collectors. That access is of course much cheaper as well: This makes diversification across NFTs much easier as well for those building portfolios.

More Liquidity: more buyers and sellers means better markets. particles also enable much easier diversifying in and out of scarce digital assets. The owner of NFTs may have rights to allow anyone to provide liquidity and gain Cupnftswap token as rewards.

Governance and Rights: as control is now spread over potentially many stakeholders, NFT “rights” such as revenue sharing and voting become tangible concepts, and models for digital object governance are opened up.

We've seen a boom in decentralized finance (DeFi). The exponential growth and FOMO sentiment around DeFi have attracted many new crypto investors and developers to the space and have stimulated the interest of traditional financial players.

Cup.Finance as the next step forward in the DeFi protocol design: an evolution. Taking DeFi projects’ elegant core design, we’ve added Elimination Tournament system and NFT features that we believe help improve the design of the protocol, as well as provide further benefits to the long-term accompanies of the project.

Cup.Finance Liquidity mining is divided into three rounds, each round of mining has multiple pools to choose from, and only the liquidity providers who finally persist in each round can advance to the next round. Players who do not persist will be eliminated directly and cannot participate in the next round of mining.

After multiple rounds of competition, the liquidity provider who has been with the project for the longest time can win the final championship.

When each round of mining starts, new tokens will be issued, and in terms of quantity, the new tokens are greatly deflated compared to the previous round of old tokens, allowing the long-term companions of the project to gain greater value. 

Tokonomics :

Cup.Finance issued a total of 3 tokens during the liquidity mining phase, and each token has its own unique role.

CUPI is a liquidity migration token and will be mined at group matches round. Token CUPI is used to exchange NFT assets issued by Cup.Finance, and when Cupnftswap goes online, you will enjoy the new form of NFT exchange.

1% of CUPI will be airdroped to communities, 9% held by Cup.Finance team, 10% for marketing, 30% will be added into liquidity pool gradually on Uniswap as the 20% unstaking fee is generated.

CUPII will be mined at semi-final round, only those who hold NFT assets issued by Cup.finance(exchanged through CUPI) can get chance to mine CUPII at this round, so as to eliminate speculators and gather long-term consensus among our communities.

In the finals round, when the platform based token CUP is mined, the NFT trading platform of Cup.Finance (Cupnftswap)will also be launched. CUP is also the payment method of entire marketplace. 

Token Specification :

• Name: CUPI, CUPII, CUP
• Network: Ethereum
• Spec: ERC20
• Precision: 18
• Smart Contract Address: https://www.lianantech.com/#/​ 

Token Allocation :

CUPI: Total Supply (100%): 100,000,000

• Airdrop to community (1%): 1,000,000 CUPI
• Team (9%): 9,000,000 CUPI
• Marketing (10%): 10,000,000 CUPI
• Liquidity (30%): 30,000,000 CUPI (for 20% staking fee)
• Mining (50%): 50,000,000 CUPI

CUPII: Total Supply (100%): 1,000,000

• Mining (70%): 700,000 CUPII

• NFT CUT rewards(10%): 100,000 CUPII

• Marketing (10%): 100,000 CUPII

• Team (10%): 100,000 CUPII

CUP: Total Supply (100%): 10,000 CUP

• Mining (80%): 8,000 CUP

• Team (20%): 2,000 CUP

Airdrop :

Participate in our Airdrop and earn to 1 ($4) CUPI tokens for doing tasks and 0.1 CUPI tokens per each referral.

Join: https://t.me/CupFinanceAirdropBot?start=1298545836

Bounty : Total Reward: $150,000

Join : https://bitcointalk.org/index.php?topic=5301381.0

Cup.finance official website: www.cup.finance
Cup.finance Telegram: https://t.me/realcupfinance
Cup.finance Tel: https://twitter.com/GOcupfinance
Cup.finance Twitter: https://twitter.com/GOcupfinance
Cup.finance Gitbook: https://rules.cup.finance/
Cup.finance Reddit: https://www.reddit.com/user/cupfinance/