MintWith the rapid rise of the meme coin sector, the NFT market is also undergoing new transformations. As an innovative NFT issuance platform, Mint.Rich is sparking a nationwide wave of NFT participation. Its user-friendly interface and unique price curve design allow anyone to issue and trade their own NFTs with minimal barriers, enabling more people to enter this emerging market.
What is Mint.Rich?
Mint.Rich is a next-generation meme NFT issuance platform built on Mint Blockchain. Without the need for a professional development team, users can simply choose an image, name it, set the quantity, and instantly issue their own meme NFTs with one click, kicking off market trading through the price curve mechanism. This easy process significantly reduces the technical and time costs of issuing NFTs, allowing more users to participate effortlessly.
Core features of Mint.Rich include:
- One-click issuance of Meme NFTs with a price curve mechanism
- Built-in NFT marketplace and proprietary NFT liquidity
- Meme NFT market trend analysis
- Invitation reward mechanism
Key Highlight of Mint.Rich: Unique Price Curve Mechanism
Unlike traditional NFT markets, Mint.Rich adopts a unique price curve mechanism. The issuance price of NFTs starts at $0.01 and gradually increases as more are sold. This design lowers the entry barrier for early participants and provides growth potential for the value of NFTs.
Mint.Rich implements two different price curve designs for NFTs under the ERC721 and ERC404 standards.
Price Bonding Curve (ERC721)
Mint.Rich uses a sigmoid boundary price curve to price each ERC721 NFT. This curve is carefully designed to ensure that the price of NFTs gradually rises as more are purchased, allowing early buyers to enjoy lower prices.
Mint.Rich selects the sigmoid boundary curve above to price each ERC721 NFT in meme collections.
Curve Formula:
This curve effectively captures the trend of NFT prices rising as token supply increases. Below are some examples of the price for the xth ERC721 NFT.
Price Bonding Curve (ERC404)
Similar to ERC721, Mint.Rich also adopts an S-shaped price curve mechanism for ERC404 NFTs. In this model, the price of NFTs gradually increases with each purchase, offering early participants the chance to mint NFTs at a lower cost.
Mint.Rich selects the sigmoid boundary curve above to price each ERC404 NFT in meme collections.
Price Bonding Curve (ERC404) Formula:
The "Buy Early, Pay Less" Mechanism
The core concept of this unique price curve mechanism is: the earlier you buy, the lower the cost. For example, in the case of ERC404, the initial mint price is 0.000105 ETH, while the final mint price can reach 0.0019 ETH—19 times the starting price.
Launch Process:
Under the ERC404 standard, when users purchase NFTs on the Mint.Rich platform, the price starts low and gradually rises. For instance:
The initial mint price is 0.000105 ETH, with the final price reaching around 0.0019 ETH
When a total of 8,000 NFTs are minted, the platform will generate 8 ETH in revenue, of which 7.2 ETH and 2,000 NFTs will automatically be added to the liquidity pool
The liquidity pool price will be approximately 0.0036 ETH (36 times the initial price), allowing users to freely trade these NFTs on decentralized exchanges (DEX)
The platform charges a 10% fee from the total revenue
This mechanism offers significant economic incentives to early investors.
Supplement: Why ERC404?
The ERC404 standard is an innovative protocol designed to combine the benefits of tokens and NFTs. Unlike traditional NFTs, ERC404 not only has the trading properties of ERC20 tokens but also allows users to alter the characteristics of their NFTs by holding enough tokens. This means the image content of an NFT is no longer fixed, and users can change or swap it based on their needs and preferences, greatly increasing engagement and fun.
Conclusion:
Mint.Rich's unique price curve mechanism provides a low entry barrier while offering long-term growth potential for NFTs. By combining both the ERC721 and ERC404 standards, Mint.Rich not only offers a diverse NFT trading experience but also creates more innovative gameplay and economic incentives for users. As the platform continues to evolve, this new mechanism will attract more participants and drive the NFT market into a new phase of growth.
