What is DayFi? DayFi is an infrastructure project born with the purpose of promoting the development of Non-Fungible Token (NFT). The project introduces the DayFi SDK toolkit to the community to help increase the NFT trading experience.
Join the Weakhand team to learn more about this project in detail.
What is DayFi?
DayFi is an NFT Marketplace project where users can exchange, buy, sell, and rent their NFTs. With the DayFi SDK toolkit built by the project team, users can easily exchange, buy, sell and rent NFTs easily, with less operations.
The purpose of launching DayFi SDK
- Increase user experience and daily transactions by 10 times.
- Reduce operations when buying, selling, renting NFTs.
- Integrate APIs to NFT Marketplace, Blockchain Game, and other creative platforms to increase user experience.
DayFi’s operating mechanism
DayFi operates based on two mechanisms: Buy Now Pay Later (BNPL) – This is a buy now pay later mechanism and Renting NFTs – This is an NFT rental mechanism.
Buy Now Pay Later
- Step 1: Users choose their favorite NFT and pay a deposit in advance.
- Step 2: NFTs will be delivered Secure Vaultthe buyer will receive 100% of the utility of that NFT.
- Step 3: The buyer will need to pay the remaining amount over the next 3 months.
- Step 4: Once the installment is completely paid, the NFT will go from the Secure Vault to the buyer’s wallet.
Renting NFTs
- Step 1: Select the NFT you want to rent.
- Step 2: Select the rental duration and calculate the rental cost based on that.
- Step 3: Once the rental is paid, the NFT will be transferred to the Vault powered by DayFi.
- Step 4: Activate Vault and use the utility of this NFT (However you will not own this NFT).
DayFi highlights
- DayFi only collects 1% of the total cost that the seller or lessor receives from the transaction. Other projects like LandWorks charge up to 3% transaction fees.
- The project is backed by the Polygon team – One of the leading teams in the Crypto industry.
- Smart Contract has been audited by QuillAudits to ensure the safety and security of the project.
Development Roadmap
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Core Team
Amoghtiwari: Founder | CEO
- Amoghtiwari has many years of experience in the startup industry. Before founding DayFi, Amoghtiwari was the Founder of Decibell – Voice editing application and Talkie – Work communication application.
- Amoghtiwari used to be a consultant for TimesPro – a learning platform from India.
Investor
Update…
Tokenomics
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Project Information Channel
- Website: https://www.dayfi.io/
- Twitter: https://twitter.com/dayfifinance
- Discord:
Summary
DayFi is a project built with a new idea, entering the niche market that current NFT projects are lacking. However, the construction project team is quite slow and has not yet launched the product even though it has been launched for a long time.
Join Weakhand to monitor the project’s development in the future.