The Top Four (4) Use Cases of the IVRY Token
The IvoryPay ecosystem is primarily focused on crypto payment processing. Along with this function, the platform’s native token, IVRY, could also be deployed by token holders to further harness opportunities within the IvoryPay ecosystem.
TL;DR
- IVRY token enables users to make discount purchases on all partner platforms
- The token also allows businesses to obtain DeFi loans at no added costs
- All creators holding the IVRY token can freely mint NFTs in their storefront
- Token holders can stake their IVRY to earn APY after a designated timeframe
Discount Purchases on Partner Platform
All IVRY token holders who make purchases on IvoryPay’s partner platforms will be entitled to two benefits. First, they will be able to make payments and complete transactions using the native token. Secondly, token holders will be eligible for discount purchases which will be in proportion to the purchase made.
There are no restrictions on where these benefits could be obtained. Be it on a partner eCommerce platform, or a subscription-based business partner as long as the vendor deploys IvoryPay’s payment gateways, the customer is automatically entitled to a discount purchase.
DeFi Loans for Businesses
Gone are the days of incessant paperwork and unreasonable loan collaterals. With Ivorypay all partner businesses with a certain holding of IVRY token will be eligible to obtain DeFi loans with minimal fuss.
The amount obtainable will be estimated based on the volume of monthly transactions processed and the total amount contained in the partner’s IvoryPay wallet.
All loans will be approved in the shortest time possible (usually within minutes) and businesses could pay back after a set duration. The best part of the DeFi loan for businesses is that the interest rate is very low and far lower than what is currently available in the traditional financial system.
Free Minting for Creators
The IvoryPay NFT Storefront specifically caters to digital art creators. There they can own an NFT storefront that is carefully customized to their taste and preferences. IvoryPay has further simplified digital art sales for creators by introducing a zero-fee NFT minting for all creators who own a designated number of IVRY tokens.
The good part is that creators can receive payments for their creatives in IVRY tokens and upon reaching the marked threshold, they will be able to mint NFTs for free, forever, on IvoryPay.
Staking and Earning
If you wish to put your idle IVRY tokens to work on IvoryPay, we encourage you to simply stake them for rewards. We have already written comprehensively on this. You can read the details here.
Conclusion
The IvoryPay ecosystem is one robust platform with lots of opportunities for everyone who holds its native token. There is no exclusion, it’s raining benefits in the IvoryPay ecosystem.
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