[PRESS RELEASE – Zug, Switzerland, 4th July, 2022]
While adoption of cryptocurrencies continues to grow, as evidenced by last year’s bull run, there is still an abundant need to integrate real-world assets on the blockchain.
Bitslice aims to fill this gap by bridging blockchain technology with the physical world. Through Bitsliced’s set of apps and smart contracts, Bitsliced will make it intuitive and easy to tokenize and calibrate assets from various markets such as collectibles, real estate, traditional art, and many other use cases.
Overview of Chopped App
Bitsliced’s flagship product, Sliced, is a SocialFi app and marketplace where users can trade various NFTs (fungible tokens) and tokens that represent real-world assets.
Through the Sliced app, one can create a digital representation of the property owned, be it an art piece, proprietorship, vehicle, piece of clothing, etc. In doing so, BitSlice contributes to the creation of a parallel digital marketplace that facilitates trading of items across borders and unlocks additional value through novel revenue streams.
Leveraging blockchain technology, the Slice app guarantees an additional layer of security and transparency through all trades. In addition, it will be possible to divide and divide the ownership of the property through different users (verifiable co-ownership).
The app will be available on all mobile devices, including the iOS and Android operating systems, and desktop users can access it via the web browser version as well.
To increase retention and user engagement, the sliced app will be gamified. The badge and leaderboard system will be incorporated into the architecture of the app, which will encourage users to use Bitlised’s services.
The Slice app will also include social media elements. Bitsliced will leverage an innovative approach to socialization through Bitsliced’s NFT channels. Acting as a personal digital space, the NFT Channel enables users to socialize in unique ways while displaying their portfolio and NFT as a “digital gallery”.
The NFT Channel will be a place where the community of BitSliced can hangout, trade and discuss their favorite topics, be it real estate, collectibles, fashion and any other industries disrupted by BitSliced NFTs. Thanks to the high-profile channels, Bitsliced hopes to create a vibrant and active community of investors, collectors and NFT enthusiasts.
Another component of the Bitsliced SocialFi app is staking and yield farming. Several passive income possibilities will be available to SLICED token holders. By placing bets and helping to keep the network running, users can receive an estimated Annual Percentage Return (APY) of 15%. Alternatively, holders of SLICED tokens can also earn the required 25% APY by providing liquidity to BitSliced’s protocol and market.
The SLICED token will be the cornerstone of the app, powering all trades within the market. Each transaction within the marketplace is immediately rewarded with a 1% cashback, with real estate purchases potentially up to 8% cashback depending on the broker. BitSliced Debit Card will also be introduced, providing a convenient way for users to make purchases or convert their crypto funds and cashback earnings to fiat.
Shredded NFT – Legal Background
Thanks to Bitslice’s proprietary Slice NFT system, we will be able to issue universal digital certificates with a seal of trust. All certificates are unique NFTs that represent ownership of a specific asset.
Slice, along with its network of partners and brokers, will be responsible for ensuring that all necessary legal due diligence is taken in advance. BitSliced proprietary code will then check and verify the integrity of the data, and only then will the NFT certificate be mined.
Bitslice is a blockchain-based protocol that aims to tokenize real-world assets. Its platform enables anyone to mint, collect and trade physical goods on the blockchain.
The Bitslice ecosystem, which includes a SocialFi app and NFT marketplace, provides an innovative business model through which a parallel digital economy is born. Anything from real estate, collectibles, fashion wearables, and many other physical goods can be traded efficiently around the world.
The Bitslice app also includes social and gamified elements, allowing the community to socialize, compete and display their NFTs in a “digital gallery”, as well as stake and gamified SLICE, the native token powering the Bitslice ecosystem. It also gives an opportunity to earn.
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