Punk Network - An Open, Smart, and NFT-friendly Chain

 


Overview

Nowadays, as NFT has become a hot concept in the blockchain area, in the face of a market environment where opportunities and risks coexist. NFT-type assets will likely become the closest type of decentralized assets to the public in the history of the blockchain industry. As a result, they are widely considered to have unlimited potential. This is because such assets are easier to understand and accept by the market than disruptive standardized tokens. The development of NFT assets still requires a more sustainable foundation, and we are looking forward to an NFT network ecology that has a long-term investment and application value, and it is capable of crossing the bull market and a bear market. Punk.Network was born for this purpose.

What is Punk Network?

Punk.Network is a high-performance NFT-Friendly mainnet based on the Substrate architecture with NPoS (Nominated Proof of Stakes) as the consensus mechanism, which can accommodate a wide range of asset types, a large number of transactions, and various types of smart contracts.

Punk is committed to providing comprehensive asset solutions for the virtual world, providing decentralized issuance, circulation and high-performance technical support for various types of contracts (legal, financial, contract, etc.) for diversified virtual assets (Fungible Token & None Fungible Token) to be applied to games, art, and derivative mass scenarios, in combination with the highly autonomous DAO (Decentralized Autonomous Organization), it will become a diversified and futuristic electronic-cyber ecosystem.

Punk.Network is an active proponent of Polkadot ecology. It is the vision of Punk.Network to enable everyone to use Web3.0 blockchain technology efficiently and cost-effectively, and to enjoy the convenient services and cutting-edge ecological dividends it brings.

Benefits of Punk Network

  1. A better experience, such as faster transaction speed, lower transaction fees, and a more friendly asset generation and transaction process.
  2. Enhance public awareness and acceptance of NFT-type assets.
  3. Create a deeper connection with the traditional alternative assets (such as art and collective trading cards) industry and expand more possibilities.
  4. Expand more financial services of NFT-type assets.

The ecosystem of Punk Network

NFTCastle - NFTCastle.io aims to build the world's largest, most ecologically rich, and technologically powerful trading platform for NFT artworks and their financial derivatives.


NFTCastle.io will consist of four main parts


1. NFT marketplace - NFTCastle.io marketplace will take both BtoC and CtoC forms to sell or broker transactions for collectors. NFTCastle exchange will be divided into 3 main areas: the NFT bidding area, the collector trading area, and the mystery box game area.


2. NFTCastle.io CyberSpace - CyberSpace is an on-chain museum that will take on the two main functions including NFT artwork display and collector exchange.In CyberSpace, we will continue to display NFT works by emerging artists and new works by artists contracted with NFTCastle.io, making it the largest online gallery and museum in the online world.


3. CyberPledge An NFT pledge platform - NFTCastle.io is committed to vigorously develop NFT-type asset finance and derivatives, and maximize its financial potential. Art pledges are very sophisticated financial instruments in the real world. Because NFT cannot be split and their circulation properties are relatively low, mortgage loan has become a real demand. Artwork can be pledged and matched with intended borrowers to complete the pledge loan process. Pricing will be determined jointly by the lender and the borrower.


4. CyberSpecial A Specialized NFT issuance Platform - Punk.Network has been customized so that NFT assets can be issued as assets in StNFT (Standardized NFT) format. When an NFT asset is created, you can choose to split it into a specific number of SNFTs. NFT can only have one owner, while SNFT can be distributed to multiple owners. Anyone can create SNFT assets and transfer assets. Holding an SNFT represents the ownership percentage of a specific NFT target, lowering the investment threshold, and also a new structure for traditional art assets in the era of encrypted assets. In NFTCastle.io, StNFT can be a one-stop issue.

What is PUNK Token?

The PUNK token is the backbone of the Punk Network ecosystem. PUNK is not only the native token of Punk.Network, which is used to maintain the decentralization of the network, with the function of staking, circulation governance, and utility; But also the rights&governance Token of NFTCastle.io, holding PUNK means owning the governance rights and dividend rights of the platform.

Tokonomics

Token Name: Punk Network
Token Ticker: PUNK
Blockchain: Polkadot
Total Supply: 800 million


PUNK Token Utility
  • Staking: Staking tokens to become a contributing node to the Punk.Network and receive PUNK as an incentive.
  • Circulation: PUNK is the most important payment, transaction, and transfer token in NFTCastle.io and other possible DApps, and it is also the settlement token for NFT pledged loans.
  • Utility: PUNK can be used to synthesize NFT, or can be used in some scenes such as DApps deployed in Punk.Network
  • Governance: Participate in community voting.
Roadmap


Team


Conclusion

For application users and value discoverers, Punk.Network has a long-term appeal to them and makes them desire to explore. It will also open up the copyright to a certain extent to support outstanding developers. Punk is committed to providing comprehensive asset solutions for the virtual world, providing decentralized issuance, circulation and high-performance technical support for various types of contract for diversified virtual assets to be applied to games, art, and derivative mass scenarios, in combination with the highly autonomous DAO, it will become a diversified and futuristic electronic-cyber ecosystem.

Read More Here

Official：https://punk.network/
Twitter：https://twitter.com/Punk_Network
Telegram: https://t.me/PunkNetwork

Proof of Author

Forum Username: Cryptonator7
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3362397
Telegram Username: @supercrypto12
Bep-20 address: 0x9138d2a99b47fF2A98927fEBF620C622939a6E66

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