Charged Particles – 76% |
April 6, 2021
Charged Particles is a protocol that allows users to deposit ERC-20 tokens into an NFT. A scarce NFT (e.g. Art,
Collectible, Virtual Real Estate, In-Game items, etc.) can now be transformed into a basket holding a number of other
tokens. Charged Particles are Interest-bearing Non-Fungible Tokens (Defi NFTs). A “Particle” is any Non-Fungible
Token that, via the Charged Particles Protocol, is minted with an interest-bearing token (e.g. aDAI) to accrue interest
over time, giving the token a “Charge.” The amount of interest earned from the token represents the amount of
“Charge” that the particle has amassed, giving the NFT an actual underlying intrinsic value and accrues interest over
time.
Charged Particles is able to mix two trending topics, NFT and Defi, by allowing standard Non-Fungible Tokens to
be charged with other tokens. The idea brought by Charged Particles sounds interesting, however, the use case
is very specific and will require other protocols to build on top of it for adoption. The project is showing a good
development activity and the team is experienced. Despite the proper tests developed by the team to make sure
the smart contracts work as they should, there has been no proper external audit, so it is a risk to be aware of. There
is currently no governance token but as the team believes in progressive decentralization, one should be launched
in the near future and allocated to the community, and distributed via liquidity mining programs.
