Cardano-based cross-chain NFT platform Verlux has kicked off its seed sale on the Cardano network, an event that will run until Dec. 9. At press time, about 60% of the allocated 25 million tokens have been purchased owing to high demand and adoption from NFT enthusiasts.
Notably, the Verlux NFT marketplace brings a unique decentralization feature to the Cardano ecosystem. Other NFT platforms require users to use the sign-up or login modal, with an email and password. Differently, Verlux only needs a wallet connection to create a user account.
Digital creators, artists, and meme-makers can now mint their work as unique digital collectibles, whose identity can be quickly and easily verified on the blockchain. To mint on Verlux, one needs to connect a Cardano-based wallet such as Nami or Gero wallet. Click on ‘Mint NFT’ on Verlux for further guidance on the NFT listing.
In the long run, Verlux hopes to become the top NFT marketplace on the Cardano ecosystem. The platform is also preparing to offer a multi-chain digital marketplace so that users can trade NFTs from other blockchains on a single interface.
$VLX is the native token that powers Verlux. The token has multiple utilities including Stake To Earn, Stake To Earn Featured NFT Drops, featured NFT listings, Creator Profile verification, and Hot Sellers rewards.
As for tokenomics, $VLX token has a supply cap of 1 billion tokens. This means that the number of tokens in existence will never surpass this number. The token is designed to ensure fairness in distribution to early investors alongside optimal initial decentralization. For this reason, the holding amount in all addresses is capped to 4% of the total supply of $VLX tokens. This promotes equity and prevents market manipulation. Once launched, $VLX token holders can stake their tokens for rewards of up to 8% per year in $VLX tokens.
To purchase the token, users need to access the Verlux Token Sale Link for the live sale. This sale precedes the pre-sale and public sale, where the latter will mark the token’s listing on an exchange(s). 25% of the total token supply has been allocated to this seed sale, with 1ADA buying one 555VLX token.
Currently, the Verlux team is focusing on user flow and designing the general layout of the marketplace. The aim of this is for the platform to outshine competitors on the Cardano blockchain.