Mint BNFD with Virtual Land NFTs Mint BNFD by selling Land NFTs in our virtual estate. Buyers purchase Land NFTs using standard stablecoin, which is then used to buy BNB on the open market. The BNB is staked, and the buyer receives staking rewards from staked BNB. An equivalent amount of BNFD is minted and sent to the seller's wallet.
Mint BNFD with Stablecoin Mint BNFD with your standard stablecoin and start earning BVNB staking rewards simply by holding BNFD. Connect your wallet to our minting site, select the desired stablecoin amount, and press the MINT button to receive BNFD in your wallet. By minting BNFD, your stablecoin is used to purchase BNB on the open market, which is then staked, and the user receives staking rewards from staked BNB.
Mint BNFD with Cash Connect your wallet to our fiat on-ramp and mint BNFD with your bank card. Choose the desired stablecoin amount, press the MINT button, and receive BNFD in your wallet. By minting BNFD, your card is charged for the amount of stablecoin minted, and the cash is used to buy BNB on the open market. The BNB is staked, and the user receives staking rewards from staked BNB. Text 4: BNFD Redemption & Peg. BNFD can be minted with Virtual Land NFT purchases, stablecoins, or cash/bank cards. Each user minting stablecoin is entitled to staking rewards from staked BNB proportional to the amount of minted BNFD. The protocol's smart contract holds a liquid staking derivative called BNBx, which directs staking rewards only to the user. The LSD in our smart contract can be redeemed only by the user who wants to burn the stablecoin, and it is only released for redemption purposes. BNFD is pegged to a value of 1 USD, maintained by similar algorithms as RAI stablecoin. The redemption price is fixed at 1 USD, calculated by the ratio of the market price of BNBx and BNB. Market forces and arbitrage incentives are in place to ensure the stability of the peg.