A Sneak Peek into PolkaCipher’s Truss Platform — NFT Bridge, Encrypted NFTs, NFT Staking, and More
It's been quite a ride over the past few weeks right from raising funds from some of the most recognized venture capital funds in the industry to being able to successfully launch on a DEX.
PolkaCipher came to be on the very idea to make NFTs more accessible to businesses and focus towards commercialization of NFTs through our privacy layer that will enable not only businesses but users to be able to transact NFTs privately.
PolkaCipher has 5 main products:
1. Truss: A unique staking, Lending, and Mining Platform for NFTs.
2. CipherDex: A privacy-focused NFT DEX (decentralized exchange) where NFTs can be transacted by businesses and users.
3. bNFTs: Business Focused NFTs which will allow businesses to mint digital document on NFT and distribute privately to the concerned party
4. eData: A secure vault to store your digital documents which can hold your digital assets/documents and locked by NFT as a key
5. SuperStable: A Stablecoin ecosystem to provide liquidity to the CipherDex for NFTs, and the Lending/Borrowing Marketplace.
We are very excited to announce that we are ready to share a sneak peek of our Truss platform and showcase some of its features to the general public for the very first time. Let's Jump in.
“A Truss is an assembly of beams or other elements that creates a rigid structure.” Wikipedia
Truss, as the name suggests, is PolkaCipher’s base structure to help us secure the platform and ensure that our other products can rely on the support of this base layer for us to showcase what we have to offer to the NFT world.
Truss consists of 5 main segments:
1. The Dashboard
5. Lending/Borrowing Marketplace
Here you can see most trending NFTs in the market and choose to participate in the sale or just have a look at them for the sheer beauty they are. On the other part, you can see your own collected NFTs in one single dashboard by switching to the “Your NFTs” tab.
Single Asset NFTs:
You can use our platform to mint new NFTs just from few clicks and ensure you are getting listed for sale on Rarible or other top blockchain marketplaces.
How would you like to know that you can encrypt your NFTs in a way that other people can see something different than the actual NFTs? Imagine an NFT that shows pixelated or low-resolution images to the general public but upon decryption, only owners can see the actual content behind it. This opens a sea of use-cases for lots of NFT creators and projects who are building on NFT technology.
Users can quickly move their assets from one chain to another chain seamlessly.
The Token Bridge:
Move your $CPHR token from one chain to another chain with just a few clicks. Keeping everything simple.
The NFT Bridge:
Move your NFTs, no matter on which chain it was minted on to other chains such as from “Ethereum to Binance Smart Chain” or “Ethereum to Polygon” or “Binance Smart Chain to Polygon” and to & fro.
Stake your token, LP, and NFTs for a reward.
LP Staking: Provide liquidity to CPHR/BNB pair on PancakeSwap and use LP tokens to stake on our platform and collect rewards
Acquire some CPHR tokens to be able to stake on our platform for a sweet reward.
NFT Staking: An industry first!
No, we are not talking about holding an NFT so you are allowed to stake tokens. This is something unique in the market where you can stake any NFTs directly on our dashboard. You can bring any NFTs from any chain to PolkaCipher’s Truss platform and be able to stake NFTs directly on Truss.
That means if you created an NFT on Rarible, Opensea, Binance NFT Marketplace, or any other site compatible, you can come on PolkaCipher’s Truss platform to stake or bridge it!
You can use any NFT from any of the chains and marketplace in order to provide it as collateral to borrow money from participating lenders. You can also lend your money to NFTs of your choice in return for interest.
And as we progress in development, we will look to add exclusive features and industry-leading features needed by creators, businesses, and generally all that use our products.
Don’t forget, we implemented Polygon as a cross-chain bridge for tokens and NFTs which is a first for the ecosystem.
PolkaCipher is here to level up on what's the norm and push the standards to a whole new level.
Timeline for release:
PolkaCipher is a next-level privacy-preserving oracle network on the Polkadot Blockchain focused on bringing the use case of private NFTs to off-chain businesses and be a bridge for seamless integration to on-chain Defi apps.
PolkaCipher’s unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (Dapps) and real-world business rewards.