Wafini, a Cardano DAO powered NFT marketplace closes $200,000 private round, opens whitelist for seed round.
The Wafini governance token $WFI will power the Wafini ecosystem, allowing holders to be integral to the development and growth of Wafini.
Wafini just announced that they have closed a $200,000 pre-seed round in July.
Muhammad Ahmad, project manager of Wafini commented on the development and outlined that the funds raised will be used to expand the team, expand partnerships and further the development plans of the Wafini NFT Marketplace.
Wafini plans to hold a public seed round of its utility token $WFI, with 15 million of 100 million tokens up for grabs for early adopters at 0.02 ADA apiece.
Early birds can whitelist for the seed round here.
What is Wafini?
Wafini is a DAO-powered NFT marketplace where users can trade non-fungible tokens and NFT collectibles, users will also be able to mint, list, sell and exchange their non-fungible tokens in a simple and user-friendly interactive interface.
The Wafini NFT Marketplace which will be powered by smart contracts on the Cardano Blockchain is poised to become the first truly DAO-owned NFT Marketplace on Cardano.
Wafini is designed to be sustainable in society without external control or influence.
The Wafini DAO ecosystem will provide the community of $WFI token holders with an opportunity to unlock the full potential of the NFT marketplace, as it will be the first NFT marketplace on Cardano to provide $WFI token holders with a reflection of trading commissions on the marketplace.
This will promote a possible equitable and decentralized ownership and governance for the sustainability of the Wafini ecosystem.
The $WFI token
$WFI is a Cardano Native token that also serves as the utility and governance token of the Wafini NFT Marketplace, and there will only be 100,000,000 $WFI tokens ever.
Users can stake their $WFI tokens to earn rewards and can also increase their stake rewards with Wafini Genesis Passport NFTs.
Genesis NFTs are called passport NFTs because it gives its holders a place in the Wafini NFT Marketplace DAOboard.
$WFI Token Sale
There will be two early Wafini token sales followed by a public sale. The seed sale allocation has an allocation of 15 percent of the total supply which can be accessed at 0.02 ADA per token.
The Wafini Token Seed round is set to launch on October 1st, the whitelist is already open for early birds who want to get their hands on the $WFI tokens before everyone else through this link.
After the seed sale, there will be a pre-sale with a token allocation of 10,000,000 and finally a public offering with an allocation of 20,000,000 tokens.
Interested participants can read a detailed guide on how to buy $WFI tokens at the link from Wafini’s documentation page.
The incentivized public launch of the Wafini marketplace is planned after the Vasil Hard Fork.
White list for Wafini seed sales
Whitelisting for the $WFI Seed Sale is ongoing and has registered nearly 100 whitelisted participants.
Each whitelist participant is required to maintain a minimum 500 ADA balance on their Cardano compatible wallet to access and pass for a whitelist spot.
Whitelisting will be limited to 1000 participants, and only whitelisted wallets will be allowed to join the seed sale.
The team will constantly remain innovative in their mission to provide solutions to take the NFT ecosystem to the next level.
About Wafini
Wafini is a Web 3.0 community-driven decentralized NFT marketplace for non-fungible tokens and NFT collectibles where users will be able to mint, list, sell and exchange their non-fungible tokens using the Cardano Blockchain.
