Operating with the vision of equipping its customers with the genuine ownership of virtual things, the Hoard Exchange, in accordance with its projected roadmap, is formally launching its NFT market on the Ether mainnet now.
From day one of this launching, Hoard users will have the ability to leverage the full-featured and easy-to-use Loan and Stake capabilities of the market.
The CEO of Hoard, Radek Zagórowicz, confirms this vision of this exchange by saying that the Loans feature “is the first step of further development of novel NFTs functionalities/utilities that Hoard will introduce in the coming months. ”
The platform focuses on NFTs of varying kinds, including in-game things, digital artwork, domains, and more. To access the conditions of this NFT platform, NFT owners can either record their NFTs for trade or explore already listed NFTs to purchase them. The users may also utilize their uploaded or bought NFTs as collateral for a loan.
Through the Loan stage on the market, NFT owners may avail crypto funds and, even, further invest them. For the lenders, there’s a robust opportunity to deploy their stablecoins to utilize and create additional profit through interest.
In addition to borrowing and lending, there’s also the characteristic of staking that incentivizes HRD token holders by allowing them to pay lower stage fees on the stage. The stakers get back a part of the stage fees in the shape of staking rewards.
It’s not provided or intended to be used as tax, legal, investment, financial, or other advice.
