NFT Ghost is a DeFi platform whose goal is to utilize the full potential of NFTs in the DeFi sector on the BinanceSmartChain

NFT Ghost
2 min readMar 11, 2021

NFTs + DeFi = NFT Ghost

NFT Ghost is a platform an ecosystem where instead of a wallet address being linked to a stake, a NFT will be the rights to those staked funds and the yield that it bears.

Staking

The platform will allow a user to stake their various cryptocurrency holdings in multiple different pools to earn GHOST, the governance token of the platform. Traditionally, DeFi staking platforms allow a user to earn yield based on the staked amount in their wallet. The NFT Ghost platform will create an ecosystem where instead of a wallet address being linked to a stake, a NFT will be the rights to those staked funds and the yield that it bears.

Liquidity Locking

Locking your liquidity may seem like a scary move, but with NFT Ghost it does not have to be! Once a user stakes their GHOST/BNB liquidity token in the NFT Ghost platform it will be locked in the platform forever, but while the LP tokens are locked in the staking contract, the value is not. This is done by minting a NFT at the time of staking that will wrap the value you have locked in a transferable token.

Transaction Fees

While there are no transaction fees when transferring GHOST or any NFT, there will be a fee in GHOST when using the trading platform. Since a NFT can not be broken down the fee will be taken from the value of the NFT, this means that a flat fee in GHOST will taken out before each trade. The breakdown is as follows:

Current Fee: 0.25 GHOST
0.85% will go to the reward vault
0.10% will go to the devs
0.05% will go to the community fund

Website: https://nftghost.finance/
Telegram: https://t.me/GhostNft
Twitter: https://twitter.com/GhostNft

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NFT Ghost

NFT Ghost is a DeFi platform whose goal is to utilize the full potential of NFTs in the DeFi sector on the #BinanceSmartChain