Narawat is a comprehensive valuation system for all NFTs. It is the first AI + User Appraisal NFT Oracle. It also leverages expert opinions and provides real-time decentralized appraisal tools for NFTs.
Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (NWT/USDT – Trade it here) on the Innovation Zone! Check it out now!
Understanding What is Nawarat
The use of NFTs is steadily increasing, with prominent businesses and celebrities launching their own NFT projects. Despite the growing popularity of NFTs, a significant constraint on their development lies in the poorly addressed liquidity issue. The uniqueness of each NFT, even within the same series, poses challenges to their trading due to subjective judgment. Furthermore, this lack of standardization in pricing makes NFT valuation difficult, contributing to the overall liquidity problem.
In an effort to address this liquidity issue and bolster the NFT ecosystem, Nawarat aims to provide a precise and efficient NFT price oracle. This oracle will deliver accurate real-time estimates for NFT products, offering a realistic valuation that meets market needs without requiring ownership transfer or owner initiation.
To foster the growth of the entire ecosystem, it is essential to tackle the NFT valuation problem, and Narawat serves as an NFT price oracle that assesses the value of all NFTs. The proposed solution involves leveraging expert opinions for valuation accuracy, supported by an economic system of rewards and penalties for experts, known as Slash. The ongoing valuation process ensures that users can access real-time appraisals of NFTs. This approach seeks to provide a comprehensive solution to the liquidity challenge in the NFT space.
Features of Nawarat
- Accuracy: Nawarat guarantees pricing accuracy through a gamified approach that involves multiple specialists in the valuation process.
- Real-time: The platform ensures real-time access to prices by implementing continuous valuation techniques.
- Broad Coverage: Nawarat offers the flexibility to assess the value of any NFT you currently possess or have an interest in.
Roles in Nawarat
Users Needing NFT Valuation – Enquirers
A user seeking to value an NFT is an individual looking to interact with the Nawarat protocol to inquire about the price of a specific NFT of interest. Their inquiry process involves two modes. They are respectively the search for the most recently publicly disclosed NFT price and searching for the current NFT price. There is no requirement to write to the contract or pay a fee when querying the most recent public NFT price. However, when inquiring about the real-time NFT price, an updated valuation will be generated, and the user will incur a charge.
Experts Involved in Valuation – Assessing Users and Nodes
The Nawarat protocol relies on accurate assessments provided by evaluation users or evaluation nodes. The system incentivizes more precise valuations with rewards while penalizing inaccurate valuations. Real-time NFT valuation becomes feasible for participating appraisal nodes, and these nodes subsequently benefit from the valuation settlement. Learn more at Nawarat now!
Where to buy NWT Token
You can find NWT Tokens here at MEXC! We are listing NWT/USDT in our Innovation Zone!
What is the Price of NWT Tokens?
The NWT Token is currently trading at MEXC with a live price of $0.003023. You can check the live price of their token right here!
How to buy NWT Tokens on MEXC
You can buy NWT Tokens on MEXC by following the steps:
- Log in to your MEXC account. Click on [Spot].
- Search “NWT” using the search bar to see the available trading pairs. Take NWT/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of NWT you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy NWT] to confirm your order. You will find the purchased NWT in your Spot Wallet.
You can find a detailed guide on how to buy NWT Tokens here.
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Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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