ShoeFyPrice

(SHOE)

ShoeFy is a decentralized platform that uniquely combines Non-Fungible Tokens (NFTs), specifically "sNFTs" (digital shoes), with its native Fungible Token ($SHOE). It aims to integrate DeFi utility with NFTs to create an unprecedented ecosystem for digital fashion and collectibles, offering innovative ways for users to interact with digital assets and participate in a vibrant community.

sNFTs are unique, programmatically generated digital shoes built on the ERC-721 standard. The first generation includes 3,000 Genesis shoes out of a total supply of 10,000 sNFTs. These digital assets are designed to be wearable in the metaverse and feature traits based on elements like fire, water, earth, and wind. Collectors of these sNFTs are known as "Shoebeasts," engaging with digital fashion and collectibles.

The $SHOE token, an ERC-20 standard fungible token, is central to the ShoeFy ecosystem. Its utilities include staking to earn more $SHOE, farming sNFTs by staking in dedicated pools, and providing liquidity for additional incentives. $SHOE is also intended as the currency for the ShoeFy metaverse and Play-to-Earn games, and it's envisioned for DAO governance through ShoeFy Improvement Proposals (SIPs), empowering community decisions.

Users can generate passive income and profit within ShoeFy through several mechanisms. These include staking sNFTs to earn $SHOE tokens, and staking $SHOE tokens to receive $SHOE rewards. Engaging in sNFT farming pools by staking $SHOE allows users to acquire unique sNFTs. Furthermore, minted sNFTs can be resold on secondary markets, providing royalties to the original buyer. Users can also earn by becoming liquidity providers and by participating in Play-to-Earn games like Raze Racing, where sNFT holders can gain game-specific NFTs and compete for prizes.

The ShoeVerse is ShoeFy's metaverse, an immersive digital world where sNFTs (wearable digital shoes) can participate in various activities such as shoe contests, battles, fashion shows, and Play-to-Earn games. TribeHouse is a distinct feature within ShoeFy where sNFTs can bid against rare shoes and discover their elemental tribe (Fire, Water, Earth, Wind). Genesis sNFT holders are expected to receive early access to the ShoeVerse and opportunities to claim physical and digital Shoe NFTs.

ShoeFy has a total of 10,000 sNFTs. A genesis batch of 3,000 sNFTs was initially minted. The remaining 7,000 sNFTs are primarily designed to be farmed on the ShoeFy platform by staking $SHOE tokens. Historically, whitelist processes were available for early supporters to mint sNFTs efficiently. Users can mint various classes of sNFTs, including common, rare, unique, epic, legendary, and mythic, each offering distinct traits and potential within the ecosystem.