ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes DeFi tools to optimize returns. ShoeFy can utilize the NFTs potential by including both farming and staking to generate passive income.
ShoeFy will have two tokens namely, $SHOE(ERC-20), the native Fungible Token and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital shoe on the platform. The user can stake their sNFTs on the platform to earn passive income in the form of $SHOE tokens. ShoeFy also features the NFT farming feature on the ShoeFy platform where users can stake their $SHOE tokens to farm the different categories of sNFTs.