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Hoard Exchange Launches NFT Marketplace with Loan and Borrow Protocol

Hoard Exchange Launches NFT Marketplace with Loan and Borrow Protocol

Operating with the vision of equipping its users with the true ownership of virtual items, the Hoard Exchange, in line with its projected roadmap, is officially launching its NFT marketplace on the Ethereum mainnet today.

From day one of the launch, Hoard users will be able to leverage the full-featured and easy-to-use Loan and Stake capabilities of the marketplace. The features like Trade, Build, and Rent will roll out soon. To speak in terms of exact deadlines, Hoard expects the Build and Trade functionalities to become active in Q3 2021 and the Rent and Governance features in Q4 2021. 

The CEO of Hoard, Radek Zagórowicz, confirms this vision of the exchange by saying that the Loans feature “is the first step of further development of novel NFTs functionalities/utilities which Hoard is going to introduce in the coming months.”

The platform focuses on NFTs of varying kinds, including in-game items, digital art, domain names, and more. To access the provisions of the NFT platform, NFT owners can either list their NFTs for trade or explore already listed NFTs to purchase them. The users can also use their uploaded or purchased NFTs as collateral for a loan. 

Through the Loan platform on the marketplace, NFT owners can avail crypto funds and, even, further invest them. For the lenders, there is a robust opportunity to deploy their stablecoins to use and generate additional profit through interest. 

On top of lending and borrowing, there is also the feature of staking that incentivizes HRD token holders by allowing them to pay lower platform fees on the platform. The stakers get back part of their platform fees in the form of staking rewards.

 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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