ShoeFy

What is SHOE and how Does It Work?

SHOE token facilitates its token holders with a specific proposition, which includes access to an array of NFTs, referred to as Shoebeasts on its platform. A feature of SHOE is linked to ShoeFy, an operation focused on addressing challenges frequently encountered on conventional NFT platforms. ShoeFy caters to this by operating an NFT swap site, designed to be user-friendly with swap functionalities facilitated by an AMM pool on the same platform. ShoeFy has also raised indications of venturing into the gaming sphere with plans to launch a racing game on digital platforms. With governance being a key element on the ShoeFy platform, the future concept is to incorporate governance through the utilization of the SHOE token and a Decentralized Autonomous Organization (DAO). Developments are underway for the initiation of a 3D AR/VR metaverse featuring wearable items and the incorporation of discounts for minting SHOE tokens. Even as the anticipation builds towards the platform's full launch, a snapshot of the platform is already available. Per project records, ShoeFy has set multiple objectives to be achieved, one of which includes the introduction of 3D metaverse shoes.

The Vision and Mission Behind SHOE

ShoeFy incorporates NFTs and DeFi to offer an array of components to its community and contribute to the Web 3.0 sphere. The ShoeBeast community provides an opportunity for the generation of sNFTs utilizing ETH and SHOE tokens. The team, comprised of venture capitalists, NFT developers, and marketing professionals from multiple locations, focus their endeavors towards collaborations, implementation of technology, and engaging gameplay in the ShoeVerse metaverse. SHOE tokens may be used as access methods to ShoeVerse and to ensure unique updates for in-game automobile specifications for sNFT holders. ShoeFy collaborates with Polygon studios to broaden the platform and develop their play-to-earn games. Their long-term ambitions involve evolving into various ecosystems, encompassing elements like gaming, collectibles, and fashion brands. ShoeFy strives towards fostering more interest in sNFTs and enhancing the gaming experience. Expect captivating developments like an NFT marketplace, physical NFT merchandise, unique partner programs, and more.

How to Buy and Store SHOE?

To purchase SHOE, Flooz.xyz offers a streamlined process. Traders can purchase the SHOE token via Flooz.xyz, which serves as a one-stop solution for buying this token. With a smooth checkout experience and support for all payment methods, Flooz.xyz makes it easy to acquire SHOE without the need to own a wallet. In addition, Flooz.xyz provides a self-custodial web wallet that allows seamless SHOE transactions. With this wallet, you can store, send, and receive SHOE tokens effortlessly. Creating a self-custodial wallet on Flooz.xyz is quick and simple using your email, Google, or Apple ID. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. Furthermore, with Flooz.xyz's aggregation of more than 50+ providers, you can enjoy the fastest and cheapest payment routes for your SHOE trades. Rest assured, Flooz.xyz prioritizes security, ensuring that you have access to your funds at all times, thanks to the power of cryptography.

SHOE Metrics:

• Current price: $0.0016

• Market cap: $162.8 k

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $224

Exploring SHOE Financial Mechanics

The ShoeFy platform incorporates Non-Fungible tokens (NFTs) and Fungible tokens (FTs), allowing SHOE holders to use and mint fractions of NFTs within its system. The platform creates unique digital pairs of shoes in the form of NFTs. It also enables users to stake SHOE tokens via a process known as Layer Farming.

ShoeFy is a part of the Polygon blockchain, which is used for NFT gaming operations. A staking program related to ShoeFy NFT Racing game is in planning stages. Moreover, the platform offers users the possibility to stake and lease virtual property in the Shoeverse Metaverse.

ShoeFy utilizes Polygon's layer 2 technology as a part of the larger Polygon Studios ecosystem. In many ways, this improves scalability and overall system performance. It also allows users to create and resell unique sNFTs in the secondary market.

Despite an unexpected slowdown in the launch of sNFT farming, ShoeFy plans to maintain future sales and promotional pursuits. The success of the initial phase of sNFT trading is an encouraging sign for the platform's potential.

A variety of methods are available for users on the platform, such as the trading of rNFT racing sNFTs and the staking of SHOE tokens. ShoeFy also aims to foster relationships with recognizable fashion and shoe brands to advance metadata attributes for sNFTs. Gaming guild interactions, fresh gaming releases, and the expansion of the ShoeFy Metaverse feature prominently on the platform's roadmap.

One of ShoeFy's goals is to alleviate liquidity challenges for NFTs by arranging interactions between ERC20/ERC721 tokens. This process gives users the flexibility to swap their sNFTs for SHOE tokens and vice versa. Furthermore, Chainlink's VRF feature is expected to add a level of excitement to drawn games through randomization.

Advanced Insights: Mining and Ecosystem

The SHOE token platform incorporates an engaging feature, a play-to-earn racing game. You can participate in closed beta challenges and attain distinct experiences within the platform. These interactive challenges are designed to showcase the attributes of the SHOE ecosystem and provoke active involvement whilst adding value to transaction functionality.