Ape Now: Blue Chip NFT Installment Purchase | Project Introduction

0x13(Sleepy)

22-07-12 17:45

Read this article in 8 Minutes

AI summary

View the summary

Original author: Sleepy

No NFT Players don't want to own some blue-chip NFTs, but for many people, blue-chip NFTs The floor price of the stock is beyond their reach. If they don't buy before the price rises, they will basically lose the opportunity to enter the market forever. The floor price of BAYC is as high as 100 ETH, and the floor price of blue-chip projects such as MAYC, Azuki, and Doodles is also as high as dozens of ETH. For most people, it is difficult to pay such a high price at one time.

In fact, in real life, people often face such things, such as people will Buying a new iPhone in installments, buying a house in installments, and installment payments have become a common payment method for people. Although some people think that this is overdrafting their spending power in advance, it is undeniable that this does make people feel uncomfortable in real life. Own what you want, expensive items while being affected.

So do we have the opportunity to buy a blue-chip NFT in installments?

Ape Now, Pay Later

Ape Now is an NFT installment purchase agreement built on Teller, a DeFi lending market. When users purchase blue-chip NFT A down payment can be paid first, and the remaining payment can be paid in installments. Before the full payment is completed, the NFT will be escrowed by the platform. After the payment is completed, the user can withdraw the NFT to his wallet. In installments, the NFT will be liquidated and compensated to the loan provider.

What are the benefits of using installment payment to buy NFT? The most basic point is to allow users to better manage their own funds, so that ordinary users can finally own their own blue-chip NFTs through installment payments; the other point is to use Ape Now in the ever-fluctuating NFT market. Installment payment means that you can "lock" the price before the price of NFT rises. Ape Now's mechanism is to first use a loan to buy the NFT with pending orders in the market, and then the user repays the loan in installments, so when the user is bullish on a certain NFT It can be bought immediately.

< p>During the first week of Ape Now’s launch, there were more than 600 installment purchase orders, and the proportion of purchasing various blue-chip NFT projects is as follows:

Currently, since Ape Now has just been launched, the supported There are not many NFT projects. Except for Adidas, Murakami.Flowers Seed, and RTFKT-MNLTH, which use the ERC-1155 token standard, the down payment for other blue-chip NFT projects is 50%, and the remaining 50% and interest need to be paid at 90% The installment payment is completed within 10 days, and in the future, users can customize the down payment ratio and the number of installments. At that time, the purchase threshold of blue-chip NFT will be greatly reduced.

Tutorial

First go to the official website of the project: https://apenowpaylater. com/ and click Buy NFT

Choose the NFT Collection you want to buy and select an NFT in the pending order state on OpenSea, fill in the number below

Then you can see the installment details, including down payment, loan amount (installment amount + interest), installment duration, annual interest rate, etc.

< p>