(Cryptoslate) - Eight Hours Token (EHrT) was listed on BitMart, a premier global digital asset trading platform, on September 30, 2020. The tokens are a core asset used in VIMworld, the world’s first smart non-fungible token (NFT) collectible, gaming and rewards ecosystem created by the 8Hours Foundation.
Smart NFTs called VIMs are unique collectibles tokens that represent and prove the ownership of an object or collectible. Using innovative NFC/RFID technologies, they can also be attached to physical objects such as toys, cards, game pieces, figurines, and more.
Apart from the usual utilities of a platform token, such as paying for items including VIMs on the platform, paying for trading fees on our market place, or just staking for discounted services, EHrT tokens have a very powerful utility that no other platform tokens have. EHrT tokens are used to increase value for the VIMs, which can be "fed" and locked up into VIMs to level up its tiers to unlock gameplay benefits and token rewards.
Thus, VIMs are not just normal NFT collectibles, but a well-crafted value-generating and lockup mechanism. The rewards and token economics already rival or exceed that of the most acclaimed DeFi projects.
Depending on their rarity, and from which famous artist or IP a VIM is created from, VIMs that are sold from a range of $50-$150 (retail price) have seen up to 7,307% returns in the secondary market at a maximum range of $3,500-$18,900, proving the value and demand for these Smart NFTs.
These VIMs can be bought on the VIMworld website. Every batch of VIMs released to the market has sold out in less than 20 seconds, with more than 1,000 users worldwide bidding for each batch at the same time. Just within one month, VIMworld has gathered more than 3,000 active users and more than 7,000 VIMs owned and fed. The user base is growing rapidly daily in both the Chinese and Western markets.
VIMs are the only NFTs in the crypto world with token economics that rewards both collectors and investors, making it the first of its kind. In its first month of launching, 411 Million EHrT tokens (23% of the circulating supply) are soft-locked in VIMs. The price of EHrT has grown from $0.00072 to $0.019, which is a 2,506% increase. With the BitMart listing, it is expected that more growth will occur as the user base significantly increases.
The VIMworld and 8Hours ecosystem are backed by prominent blockchain and FinTech industry players. Partners and advisors include Fenbushi Capital, VeChain Foundation, CREAM, and VCs in Silicon Valley. To ensure the entertainment and gaming aspect of the ecosystem is attractive, the ecosystem has partnered with companies such as Catan, and boasts advisors such as Michael Katz, former President at Atari and Mattel, as well as Kai Huang, founder of Guitar Hero.
“We’re happy to bring our next-generation smart NFT ecosystem token to traders and investors at BitMart exchange. With NFT ecosystems being touted as the new disruptive technology in the blockchain and cryptocurrency world, we believe that our VIMworld ecosystem fits perfectly with gamers and investors alike, and we look forward to seeing BitMart users in our platform,” said John Dempsey, Co-Founder and CEO at VIMworld and 8Hours Foundation.
“Almost everyone has played games and interacted with toys in their life,” said Sheldon Xia, Founder and CEO at BitMart, “These virtual and physical collectibles help break the barrier of mainstream blockchain adoption and make blockchain tangible; people can engage with blockchain tech at fingertips. We are excited to list EHrT, a top-tier NFT ecosystem, on our platform so as to provide our users with diverse and fun investing choices.” BitMart also resonates with 8Hours Foundation’s vision of empowering people to have social interactions using a powerful tokenized economy, added him.
BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About 8Hours Foundation
8Hours Foundation's mission is to create ways for people to connect and play, strengthen their social fabric through social interactions. They found that the best way to foster social bonds is simply by spending an average of 8 hours a week interacting with each other, and so they set out to the most meaningful experiences there is social play. 8Hours Foundation’s platform called VIMworld, a revolutionary non-fungible token (NFT) ecosystem that creates a space where gamers, collectors, investors and play combine and thrive.