What is Sweep N Flip? Sweep N Flip is a protocol that combines NFT Marketplace like Opensea, Blur, LookRare,… and NFT AMM like SudoSwap. So, what’s special and interesting about Sweep N Flip? Let’s find out together in the article below.
Sweep N Flip Overview
NFT market landscape
The era of Makerplace Aggregator NFTs was born in a number of special contexts such as:
- Uniswap acquired Genie aimed offers the best prices among all markets and makes switching easier.
- Opensea acquired Gem and launched Opensea Pro.
- Blur launched with its own product platform and emerged by applying effective Airdrop, Liquiditty Mining strategies or optimizing costs when users participate in NFT trading transactions.
The AMM product introduced to the community by SudoSwap also opens a new trading trend for NFTs with 0% royalties and 0.5% market fee.
What is Sweep N Flip?
Sweep N Flip builds a product that includes both NFT Makerplace Aggregator and NFT AMM, each type of product will be used in completely different ways such as:
- NFT AMM allows users to easily bulk buy NFTs on different exchanges at the best prices. The transaction fee with NFT AMM is 0.5%.
- NFT Makerplace Aggregator allows users to easily list and sell their NFTs on all major NFT Marketplaces.
Mechanism of action of Sweep N Flip
Similar to DeFi protocols, Sweep N Flip uses the formula x * y = k for its AMM model. Users can deposit their NFTs and ETH into the Pool to receive transaction fees and LP Tokens. Basically, the operating mechanism and participants of Sweep N Flip AMM are similar to traditional AMM models in DeFi.
The difference of Sweep N Flip
- Remove sth UI/UX is complex, with redundant steps and information.
- Combining the essence of both NFT Makerplace Aggregator and NFT AMM.
- Solve the difference problem high between the NFT floor price and the offer.
- Solve the problem between sell order and buy order.
Development Roadmap
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Core Team
Sweep N Flip’s development team is anonymous.
Investor
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Tokenomics
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Exchanges
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Project Information Channel
Summary
Sweep N Flip is a good project in the NFTFi segment in the near future. Hopefully through this article everyone can better understand what Sweep N Flip is?
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