Introduction
Piggylet Platform provides an inclusive solution and covers the whole ecosystem for the emerging NFT-Backed Lending market. To tailor the experience even more Piggylet releases its own native NFT collection, PiggyPass.
Scheduled for minting on January 29th, 2024 for 0.05 ETH Minting Price and 0.035 ETH for Whitelist Minting Price, PiggyPass includes 1,111 utility-based, evolving NFTs, designed to redefine the NFT-Backed Lending experience.
Utilities of PiggyPass
PiggyPass isn’t just an NFT; it’s a key to a suite of utilities on the Piggylet platform, aimed at enhancing the lending and borrowing experience. Let’s delve into these utilities:
Fee Discounts:
PiggyPass holders benefit from reduced fees on both borrowing and lending, optimizing loan amounts and investment returns.
Piggylet normal fees are 0.95% borrower fee from the loan 4% lender fee from the interest for solid and gem NFTs and 8% for greenlights. If you are a holder of PiggyPass NFT, based on your Tier, this fee is reduced.
Listing Priority: In the competitive lending market, visibility is crucial. PiggyPass ensures your collateralized NFTs get top listing priority, attracting more potential lenders.
$PLET Staking Contributions: By staking $PLET (Coming this year!), users unlock various utilities and enjoy enhanced staking rewards, especially advantageous for PiggyPass holders.
$PLET Airdrops: The upcoming launch of Piggylet’s own token, $PLET (Coming this year!), brings additional perks. Holders of PiggyPass will receive exclusive airdrops, with the amount depending on the number of PiggyPass tiers they own.
Tiers of PiggyPass
PiggyPass NFTs are structured into five tiers, each offering escalating benefits. Owning multiple NFTs of the same tier can even bump you up to the next tier’s utilities. These tiers add a layer of strategy and depth to the Piggylet experience.
PiggyPass Packs: Your Gateway to Tiers
Minted as packs, PiggyPasses holds the potential to reveal even the highest tier upon opening. This mystery element adds excitement to the minting process.
The Evolution of PiggyPass
One of the most intriguing aspects of PiggyPass is its ability to evolve. Starting from Tier 1, users can elevate their PiggyPass up to Tier 5 by actively participating in the lending and borrowing activities on Piggylet Platform.
PiggyPass is more than just an NFT; it’s a passport to a new realm of digital finance. With its evolving nature, tiered structure, and a multitude of utilities, PiggyPass on the Piggylet Platform is set to revolutionize the way we think about NFTs and their role in decentralized finance.