iNFT is a platform focusing on NFT trading and providing professional services. The underlying technology based on the blockchain protocols of Ethereum and BSC makes iNFT different from the traditional exchanges and e-commerce platforms. Data security can be ensured as all the data is recorded on blockchain contracts. The iNFT project is initiated in September 2020 and is the first team committed to developing the NFT in the Asia-Pacific region.

DAM (Decentralized Appraisal Machine) is a mechanism proposed by the iNFT platform to price the NFT by combining smart contracts and DAO, which is aimed to solve the problem of asset liquidity in the NFT primary and secondary markets.

REASON FOR DEVELOPING DAM

The problems that DAM can solve

General issues of NFT liquidityDisordered state of the NFT pricing mechanismAmbiguity of the NFT pricing logic

DAM MECHANISM

Decentralized Appraisal Machine (DAM): NFT assets are initially priced by a non-zero-sum game approach. The DAM mechanism introduces a fair value system and iterates according to the algorithm to ensure the validity of the appraisal mechanism. The nodes participating in the appraisal will receive iNFT tokens as rewards in the early stage. Besides, the revenue gained from the NFT appraisal will be distributed to the involved nodes according to specific rules.

TECHNICAL ADVANTAGES OF DAM

The first NFT appraisal mechanism combining smart contracts and DAO — DAMAsset aggregation of Ethereum and BSC, integrating various functions such as casting, trading, auction, mysterious box, and etc. The project was initiated in September 2020, which is one of the earliest high-quality NFT platforms in the Asia-Pacific region.NFT assets exceed 18 million, with more than 100 cooperative projects, and more than 50,000 users.

• DAM (Decentralized Appraisal Machine) is a pricing mechanism proposed by iNFT platform to realize NFT through smart contract +DAO, aiming to solve the pain point of asset liquidity in the primary and secondary markets of NFT. DAM is a decentralized price discriminator. At present, there are many NFT projects, but the market pain point is also very obvious, casting an IP picture is very difficult to sell, false prosperity phenomenon is obvious in the market, the core problem is the asset premium and user purchase intention is inconsistent. Because sellers only want to sell at a higher price, it is difficult to form a single consensus of buyers’ purchasing power.

DAM’s initial pricing model was designed and completed by the iNFT Global team, mainly referring to the pricing business of Sotheby’s auction and other professional institutions and the design of the paper “An Efficient Price Mechanism for NFTs”. The technical team will continue to iterate and update the pricing algorithm, and the pricing nodes will update and upgrade the pricing model according to the voting rules written by DAO.

• Distributed Autonomous Organization (DAO) The DAO is a fully automated organization that any person or group can join or leave at any time if it meets the requirements. The pricing machine system manages and operates node ecology through DAO, and implements rules and benefit distribution through a smart contract management agency, which is transparent and fair. We believe that only by making DAM governance institution open and fair can the price range formed by it be reasonable
• Appraisal Model DAM’s initial pricing model was designed and completed by the iNFT Global team, mainly referring to the pricing business of Sotheby’s auction and other professional institutions and the design of the paper “An Efficient Price Mechanism for NFTs”. The technical team will continue to iterate and update the pricing algorithm, and the pricing nodes will update and upgrade the pricing model according to the voting rules written by DAO.

Max Supply: 500,000,000 INFT token

​How and Where to Buy INFT token?

INFT token is now live on the Binance mainnet. The token address for INFT is 0xd2fF8c018A22Ff06F4BE781090579d0490B9A69f. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

Source: Coin Introduction <https://morioh.com/p/2493bf985150>