UGIN Platform Review: New Horizons and Achievements
In early August 2022, the NFTeam development team announced the launch of the open beta testing for the new NFT platform, Ugin. Almost a year has passed since then, and much has changed. Let’s take a look at what’s new and exciting on the UGIN platform.
Project Distinctions and Philosophy
UGIN is a unique NFT platform. The network is a fork of the high-performance BNB Smart Chain (BSC) blockchain with reduced costs and increased speed. It employs the Proof of Authority (PoA) algorithm with public delegated governance.
Since its launch, the UGIN team has been actively working on developing the platform, improving its functionality, and engaging with the community. By the beginning of 2023, all planned platform features became available, and the platform’s WhitePaper was adjusted to reflect the new changes.
Terms and Fees
UGIN coins are deflationary with an inflation protection mechanism (burning), no staking (holding in an account), and limited issuance of new coins. UGIN coins can be acquired or sold on the Sigen.Pro exchange through exchange orders or the P2P platform. There is no need for verification on Sigen.Pro, which simplifies the process of acquiring this cryptocurrency.
The platform’s fees remain attractive to users. A 3 UGIN fee is charged for moderation, while minting is paid for by the platform. There is no fee for buying or selling cryptocurrencies (UGIN, BNB), except for gas costs when depositing funds and transferring.
Achievements and Plans
Since its launch, the UGIN platform has reached many important milestones. It successfully launched its main product, the NFT platform, which offers unique opportunities for creating, selling, and purchasing NFTs. The platform also introduced its new roadmap, which includes a range of important updates and enhancements.
According to the roadmap, UGIN plans to implement new features such as cross-chain interoperability, improved farming mechanisms, and additional capabilities for NFT creation and trading. These updates are expected in the near future and will undoubtedly add more value for platform users.
It’s important to note that UGIN actively interacts with its community through its Telegram channel. The team regularly updates its subscribers with the latest news and updates, as well as answers questions and provides support.
Latest Updates: EarNFT and NFT Boxes
In March 2023, UGIN launched the NFT Pool, which allows users to earn from their NFTs. This pool utilizes EarNFT, a new feature that enables users to earn interest on their NFTs.
Additionally, UGIN introduced NFT Boxes, a unique feature that allows users to purchase and open NFT boxes using UGIN coins. These boxes can contain various rewards, including UGIN coins, EarNFT, certificates for game tokens in the UGIN network, as well as NFT cards of different rarity.
UGIN continues to evolve and improve, offering its users more and more opportunities to interact with NFTs. With the recent achievements and future plans, UGIN promises to be a significant player in the world of NFTs.
Stay tuned to learn more about the latest updates and achievements of UGIN.