RefinablePrice

(FINE)

Refinable is an NFT marketplace and platform built on the Binance Smart Chain (BSC). It aims to empower creators and users to create, discover, trade, and leverage NFTs. Positioning itself as a "definitive NFT hub," Refinable offers solutions for NFT creation, distribution, discovery, and utility for both individual and corporate users, striving to overcome common obstacles like high minting costs and excessive gas fees often encountered on other NFT platforms.

The $FINE token serves as the native utility and governance token for the Refinable ecosystem. Holders of FINE benefit from enhanced distribution and royalty limits, exclusive access to sales, listing upgrades, and discounted platform service fees. It can also be used to settle transaction fees on the marketplace and for governance purposes, empowering holders to vote on proposals or suggest new features. Additionally, users can earn FINE through staking or by trading it on various exchanges.

At its initial launch, a decentralized exchange served as a primary platform for acquiring FINE tokens. Currently, FINE can be traded on various centralized and decentralized exchanges. Notable platforms where FINE can be found include Gate.io, Decoin, and DODO, among other reputable digital asset exchanges. Users are advised to verify the availability of these exchanges in their specific region.

The Refinable NFT marketplace is designed as an intuitive, decentralized platform allowing users to browse a diverse range of NFTs. It features a tiered fee structure that offers discounts for FINE token holders, with standard buyer and seller fees typically ranging from 1.5% to 2.5%. The platform has also expanded its capabilities to include multi-chain support and has launched initiatives specifically tailored for NFT Gaming projects, aiming to provide a comprehensive and user-friendly experience.

During its launch in April 2021, Refinable faced significant controversy due to extreme price volatility, leading some investors to label it a "pump-and-dump" scheme. The co-founder, Nick Chan, addressed these issues, attributing the instability to factors such as token contract leaks, delayed price reporting on data platforms, severe network congestion on the Binance Smart Chain, and substantial bot manipulation that front-ran liquidity pools. These factors collectively contributed to the turbulent market conditions observed post-launch.

Refinable is built on the Binance Smart Chain (BSC). The decision to utilize BSC was primarily driven by the aim to mitigate common issues prevalent on other blockchain networks, such as high transaction fees and slow processing speeds, particularly those observed on Ethereum. By leveraging BSC, Refinable sought to provide a more affordable and faster alternative for NFT transactions, thereby enhancing accessibility and improving the overall user experience for creators and traders.