Locations
Toronto, ON, Canada · North York, Toronto, ON, Canada · Aurora, ON, Canada
industry
Information Technology
Size
1 - 10 employees
Stage
Other
founded in
2020
Charged particles are interest-bearing non-fungible tokens (DEFI NFTs) that are minted with an underlying asset and accrue interest over time, giving the token a "charge." The amount of interest earned from the token represents the "charge" that the particle has amassed. Particle value = Intrinsic value (underlying asset, i.e., DAI) + Speculative value (non-fungible rarity) + Interest value (i.e., CHAI, RDAI, CDAI, ATOKEN, YTOKEN, and more!) Value appreciation: Imagine a Babe Ruth rookie card stuffed with $1 and earning interest since 1916! Or a piece of digital art holding $10 and constantly appreciating in value! Ownership: Charged particles are yours! They are standard, non-custodial NFTs, held in your wallet, and can be "discharged" at any time, collecting any accrued interest from the token. They can also be burned to reclaim the underlying asset + interest in full, destroying the token. And just like any other NFT, you may trade, transfer, or sell your charged particles! You can even discharge the interest to a different address - a friend? A donation? You're in charge! Custom token mechanics: Charged particles introduce unique token mechanics allowing smart contracts and/or dApps to decide how to handle a specific token based on the level of "charge" that token has. Imagine an NFT that represents a sword - the power of that sword could be dependent on the amount of "charge" the token has. Or perhaps certain items can only be used once they reach a certain level of charge. Discharging the particle resets the in-game token mechanics. Other possibilities include battling over the "charge" of a particle - the winner earns the interest from their competitor's particles.
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