$CFT is the governance and utility token of the Craft ecosystem. You can earn more with your CFT by either staking your Balanced CFT/sICX LP (see the guide here) or by staking your CFT token to earn a portion of the marketplace fees. Your LP tokens and $CFT will be locked for a period of 1 day after being staked. Liquidity Mining and LP Staking rewards are distributed each Monday. $CFT staking rewards are distributed everyday.
The $CFT 2.0 update is coming! Now, rewards for trading activity will be distributed according to $CFT delegations, every $CFT stakers will be able to vote for their favorite collection, which will accrue the amount of daily rewards distributed to this collection.
$CFT at its core is the governance token for the Craft Network. This allows stakeholders to vote on various proposals, from development direction to governance decisions. $CFT will continue to expand its utilities, explore a few ideas we have in the pipeline!
You will have access to different benefits depending on your tier, such as different rewards levels or access to exclusive features. Tiers are calculated thanks to the Staked CFT balance
Stake your $CFT tokens and own a piece of the platform. You’ll earn a part of the platform service fees generated by marketplace activities!
With $CFT 2.0, CFT stakes gain delegation power and can vote for their favorite collection groups. The more a collection or group of collections have delegations, the more $CFT will be distributed daily to traders of this collection.
As a $CFT token holder, you can participate in a wide variety of topics from our community proposals. These can include which NFTs deserve the spotlight, which artists should be featured, what is the next feature we should include for the platform, platform fee adjustments and much more! You can find governance here.
$CFT tokens are earned through marketplace liquidity mining, that is, your buy and sell activities. The more activities you have on the platform, the more $CFT tokens you’ll earn. $CFT tokens will be listed to our exchange partners for additional liquidity, stay tuned for more information!