New trend in token distribution

The launch of non-fungible tokens (NFTs) created a lot of buzz in the blockchain space. Many critics considered NFTs as mere digital images or artistic work with no market value. Although NFTs were invented to solve ownership and authenticity issues, these critics believed that anyone could screenshot an NFT for use. In a short time, NFTs became very valuable and dominated the blockchain/crypto space. In addition to this, the use of NFT developed as more use cases emerged. Notably, NFT sales increased by over 21,000% in 2021, generating revenue of around $17 billion.

Despite all these remarkable features, NFT faced quite a few problems. These challenges range from distribution, depreciation, hacking and much more. In 2022, NFT sales dropped drastically to around $466 million in sales. Due to the prolonged bearish market, creators could not regulate NFT prices as owners sold NFTs at lower prices. This guide will examine a new upgrade to NFT called NFT token offering (NTO). The revitalizing innovation will impact the distribution and value of NFT by generating high revenues from primary and secondary sales. The premium question is: will NTO redefine the NFT world? Or is there more to this token distribution method? Let’s immerse ourselves in a thorough examination of what NTO really is.

NFT offer (NTO) Defined

NFT token offering (NTO) is a distinct type of token distribution often accompanied by NFT minting, which helps secondary sales of valuable tokens. This new distribution method uses a new asset concept called overcollateralized NFTs. The mechanism behind NTOs aims to revitalize the declining cryptocurrency market.

The use of NTO links a fixed price to NFT, and thus provides a mild price regulation. NTO always gives NFT creators immunity from irrational sellers as well as a bearish season. Going forward, NFTs will have a better secondary market value.

How NTO was created

NTO was created by Choise.com, a top crypto marketplace founded in 2017. The platform is a unified ecosystem where investors can explore a multitude of financial strategies needed to profit from digital assets. This provides investors with the best financial product along with high returns. Besides this, investors escape the stressful rigor of performing technical analysis on such assets. They can trade assets without knowledge of the current market direction. This approach mitigated the common TA challenge faced by promising investors and traders.

Choise.com’s new initiative introduced a new dimension of tokens and distribution of NFTs in the crypto market. The crypto platform unveiled its maiden edition of NTO called Chobie’s NTO collection. Hopefully, the release will mark the beginning of a new trend in the crypto market. The launch of the Chobies NTO collection illustrates how tokens can support NFTs with real value. Choise.com plans to split the launch into six different types beginning with the imprint stage. Within this launch, each subsequent step increases the price by $50. This method extremely simplifies the availability of NFT prices and the efficient way to handle price fluctuations. NTO campaigns under the banner “NFT is dead, long live NTO.”

NTO vs ICO

Before the introduction of NTO, there were ways to distribute tokens. These methods include initial DEX offering (IDO), initial coin offering (ICO), security token offering (STO) and initial exchange offerings (IEO). IDO, which is the latest distribution method, differs from NTO in terms of integrated token. While tokens offered by the NTO are already traded on the market, tokens on the ICO are not.

Apart from this, the NTO distribution method comes with benefits, bonuses, rewards and much more. NTO eliminates the previous method for completely new mechanics where investors enjoy low investment risk. Another spectacular standout for NTO is the availability of financial licenses for its supported assets. In most cases, ICOs turn out to be scams that take away investors’ funds. At the same time, NTO allows a company with good tokenomics to raise funds for products and settle the market players’ wishes. In a few years’ time, the massive introduction of NTO will unleash a new market trend in the NFT area.

The NTO benefits

The revolutionary entry of NTO comes with a chain of benefits for the blockchain space. Every odd method of NFT distribution and sale would be discredited and replaced with a spectacular mechanism. Here are some of the benefits of NTO:

• NTO introduces a new phenomenon of owning already traded tokens in an NFT. This innovation is the first sale of overcollateralized NFTs in history; Buying such an NFT gives a buyer an additional value for the asset.
• The token distribution of NTO is well organized and innovative in its approach. In this distribution, every digital object is filled with valuable tokens. NTO gets a 3, 4 or 6 times discount on the starting premium for the gems that are attached. Imagine the significant profit you get by buying NFT distributed by NTO!
• Apart from this, NTO owners can win massive cash prizes, rewards, etc. Owning NFTs distributed using the NTO mechanism acts as lottery tickets to share in a prize pool. For example, Chobie’s NFT collection has a $5 million coin-only prize pool. About 20% of the collection offers cashback combined with cash prizes of up to $100,000. Ultimately, Chobie’s NFT owners have a chance to win a Lamborghini Spyder and a Tesla. The original NFT creator receives forever 5% of each subsequent sale as royalties.
• Interestingly, NTO ensures high profitability for owners planning to sell their assets. These dealers will earn big profits because NTO provides a valuable secondary market sales and other royalties.
• With the help of NTO, blockchain companies can expand their communities and increase their investments. More people will join a community where royalties and other bonuses are distributed regardless of market conditions.
• Ultimately, the use of NTO will promote the organization of token sales in the NFT community. Many NFT projects have locked their items for a certain duration to prevent unregulated selling by investors. Such sales pressure devalues ​​the price of the project’s NFT.

Conclusion

Among the many challenges that exist in the NFT area, price regulation takes shape with the invention of the NFT token offering (NTO). This innovation will be beneficial for both the creators and the investors. Although projects would not worry about market manipulations, investors would be assured of profiting from their investments. The development of innovations such as NTO will continue to increase the productivity and usability of the NFT space.

In a short time, this promising distribution method may become a benchmark for the entire market and several blockchain companies. NTO will facilitate the organic growth of blockchain communities where members benefit from good incentives. It would also revive the crashing NFT space far beyond its previous feat. In particular, the successful launch of NTO will provide a new way to generate funds for blockchain companies.

There may be another advanced use of NTO beyond the creator’s periscope. It’s cool to have another blockchain solution for a long-standing challenge. Above all, NTO will generate more trust among NFT market players.