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Category: Guide

Unpacking NFT Gen 2 from SIX Network

Posted on by Baicha Chalermlak

Unpacking NFT Gen 2 from SIX Network

NFT_Gen2_SIX_Network

Table of Contents

Introduction

Hello, and welcome to “NFT Gen 2 Guide” We’re excited to explore the developments in the evolving world of NFTs with you. In this blog, we’ll take a closer look at NFT Gen 2 from SIX Network.

 

NFTs have taken the art, collectibles, and gaming worlds by storm, offering a new way to buy, sell and trade unique digital assets. From art to exclusive in-game items, NFTs provide a way to own and verify ownership of digital assets.

 

NFT Gen 2 is the next step in the evolution of NFTs, bringing new features and capabilities that make it even easier to use and interact with NFT users for businesses. In this guide, we’ll dive deeply into NFT Gen 2 and explore what sets it apart from other NFTs. We’ll also provide an overview and the benefits of using NFT Gen 2. So let’s get started!

What_Is_NFT_Gen2

What is NFT?

Non-fungible tokens, or NFTs, are types of digital assets that are created using blockchain technology. They are unique, immutable, non-interchangeable, and traceable.

 

NFTs can represent many things, including images, music, videos, gifs, and even physical products. They have many use cases, such as serving as fundraising tools, event tickets, exclusive merchandise, loyalty point programs, and more. NFTs are versatile and can be used in many ways to represent valuable and unique items.

What_Is_NFT_Gen_2

What is NFT Gen 2?

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 
Story_NFT_Gen2

The story behind NFT Gen 2

NFT Gen 2 was developed when people were excited about NFTs. SIX Network wanted to make NFTs more valuable in business, so we thought about how it could be used in real-life.

 

Previously, some projects offered NFT Utilities such as free rewards, but these utilities were not easy to use. For example, if a project owner wants to offer rewards like free hamburgers, NFT holders have to physically show the NFT at the counter. Then, the employee manually records that rewards have been redeemed.

 

Many owners offer utilities that are linked to NFTs, but the process of redeeming is inconvenient because the NFTs are stored on the blockchain while utilities are not. So, SIX Network aims to make this process easier. For example, with NFT Gen 2, Holders can show an NFT and simply scan a QR code to redeem a reward, without the need for manual record-keeping or verification. So, the process is more efficient and secure.

NFT_Gen2_Core_Features

Core features

1. Marking Usage Value

The business can embed the use case and redeemable inventory for the users to obtain their rights.

 

2. Point System

Dynamic Metadata allows the NFT to collect the point and work as a membership or CRM tool for the users and brands.

 

3. Proof of Attendance

Users can use the NFT as a Proof of Attendance concept as a fraud-free ticket to attend the events or complete the quest and journey.

 

4. Mergeable Attribute

Once the users have completed their task or quest, the attribute of NFT can be merged with new attributes.

 

5. Transformable NFT

Dynamic Metadata allows the collection owner to change the artwork on NFT. The business can create a business case related to artwork transformation and its attributes to create uniqueness as a symbol of use.

 

6. Delegating Gas Fee

Via fee delegation address, users can process any NFT transaction without having to prepare for a gas fee which will be provided by either the business or the collection owner.

Behind_NFT_Gen2

Who is behind NFT Gen2?

NFT Gen 2 was developed by Six Network, a leading blockchain, and decentralized financial company. They are backed by FSN, a group of over 10 public companies in South Korea.

 

SIX Network was founded in 2018 with the goal of using blockchain technology to expand business opportunities. They offer services for businesses to easily store, exchange, buy, and transfer digital assets such as cryptocurrency and NFTs.

NFT Gen 2 is run on Six Protocol, a blockchain infrastructure layer built to help businesses migrate their assets into the blockchain by issuing their tokens, including cryptocurrency and NFT, to the destination chain.

 
How_Does_NFT_Gen2_Work

How does the NFT Gen 2 work?

To understand how NFT Gen 2 works, it is necessary to understand the basics of NFT functions.

 

NFT is a digital asset that is created and stores the data on Blockchain. For example, a human portrait NFT might consist of various attributes, or traits, such as eyes, ears, nose, and mouth, which come together to form the NFT portrait.

 

In general, once NFT was created, it consists of traits as metadata on the blockchain that cannot be changed. The image and all the traits will remain the same forever, as it is permanently recorded on the blockchain.

 

SIX Network wants to overcome the limitations of NFT. Therefore, They created NFT Gen 2 which builds upon the concept of “adaptable NFT” by allowing the NFTs to be modified and breaking the limitation of normal NFTs being fixed and unchanging.

 

So, NFT Gen 2 works as follows:

Let’s say we have a human portrait NFT on the Ethereum blockchain, the NFT metadata is on Ethereum, and the picture can’t be changed. But, If we want to modify an NFT, such as adding a hat, we can use NFT Gen 2 to create a hat and link it to the “hat trait” on the Six Protocol Chain.

 

This means that the original NFT remains on the Ethereum blockchain, but additional traits can be added later and linked to the Six Protocol Blockchain without changing the metadata on Ethereum Blockchain.

 

By doing so, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

Example of how the dynamic data layer work :

Dynamic_Data_Layer
Preparation_Before_NFT_Gen2

Preparations before using NFT Gen 2

For any business that wants to use NFT Gen 2, there are two 2 main things that must be prepared:

 

1. Prepare the smart contract of the NFT. If this is not something that can be done in-house, you can hire an outsource company to work or you let SIX Network handle it.

 

2. Prepare the requirements, such as how the NFT will be used and how many will be needed. For example, a company might want to use the NFT as a membership card for 500 numbers. If a company is unsure about these details, SIX Network can consult to find a suitable solution.

 

Once the necessary preparations have been made, the following steps can be taken to set up NFT Gen 2

1. Download Binary and list available commands of the binary Create Account

2. Mint Tokens at the faucet to get coins for gas fee

3. Create NFT schema and NFT Metadata

4. Deploy NFT Gen2

5. Perform Action of NFT Gen2

6. Download and install the script

 

Read our full NFT Gen 2 Tech Doc https://app.gitbook.com/o/-LNwjTTMzXF4z4Ip3nxo/s/UOgAAChWM38m2FHlKkOf/getting-started/getting-started

 

Moreover, SIX Network plans to release NFT Gen 2 testnet for developers soon. You can follow more details at the discord.

How_To_Use_NFT_Gen2

How to use NFT Gen 2

Most people that adopt NFT Gen 2 aim to add value to their businesses. We would like to give an example of a coffee shop that wants to increase customer engagement and retention by replacing the old point-collecting program with NFT Gen 2.

 

A coffee shop, SIX Cafe, decides to launch an NFT point system to reward its loyal customers and increase engagement. Customers can buy NFTs and collect points when buying coffee, referring friends, and participating in special promotions or events. These NFTs can then be used to redeem rewards, such as discounts, free drinks or snacks, etc.

 

To participate in the NFT point system, customers must first create a digital wallet link to SIX Cafe. And, SIX Cafe might set rules and activities such as buy 10 cups get 2 snacks free. So, Whenever customers buy coffee, they will be automatically collecting points in their wallets. They can then view their activities and redeem their points when purchased.

 

Also, It will be recorded in the system, how many rewards customers redeem. To ensure that every point is valid and transparent, also avoid errors when giving privileges.

 

In the future, SIX Cafe might decide to create a marketplace where customers can buy and sell their NFTs with other users. This allows customers to trade or sell their points for other rewards or even for cash.

 

Overall, the NFT point system serves as a way for SIX cafe to reward its loyal customers, increase engagement, and create new business opportunities.

Benefits_NFT_Gen2

Benefits of using NFT Gen 2

NFT Gen 2 has many benefits depending on the implementation of businesses. Some examples of these benefits might be:

 

1.Improve security because once the data was in the blockchain. It can not be changed and is hard to hack.

 

2.Use data and analytics by tracking NFT usage, This information can help understand customer behavior.

 

3. Increased customer engagement in a more interactive and rewarding way, which can lead to increased customer engagement.

 

4. Strengthen Customer loyalty by offering rewards for customers to remain loyal to businesses. These rewards can be earned and redeemed through the use of NFTs, which can provide valuable benefits to customers

 

5. Offers unique opportunities for generating revenue such as selling NFTs as collectibles and more.

 

6. Added brand value by establishing a business as an early adopter of innovative technology, which can enhance brand reputation.

NFT_Gen2_Use_Cases

NFT Gen 2 Uses Case

NFT Gen 2 has 4 use case already which is Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

The First One is the “Whale Gate Collection,” which was exhibited at Thailand Crypto Expo at Queen Sirikit National Convention Centre during 6–9 October 2022 when visitors received the paper wallet, they were required to complete the in-booth missions to get points that are embedded in each NFT then redeemed those points for the premium gifts.

 

Next is “NFT BUAKAW1 x Amazing Thailand”. The collaboration NFT Project between Buakaw Banchamek and Amazing Thailand which NFT Buakaw1 holders will receive an airdrop for this new NFT collection. The background of NFTs will be randomly selected from 10 unique attractions across Thailand.

 

NFT BUAKAW1 exclusive collection uses “NFT Gen 2” to update or change some traits to become a new NFT. For example, This NFT Collection has an Asymmetrical Trait in which Buakaw’s NFT traits left and right are different. But when the holder uses “Mirror Potion” (Symmetric Potion) and mixes it with NFT, It will make the original NFT trait evolve to be symmetrical NFT on both left and right sides.

 

Maho Rasop Music Festival. TeamMHRS is the first collection of NFT Gen 2 used in ticketing passes for an event which this time represents an international independent music festival hosted in Thailand during 19–20 November 2022 at ESC Park, Rangsit.

 

The latest is NFT Tickets at the Ultra Abu Dhabi music festival. The festival is introducing NFT tickets that allow attendees to access exclusive benefits and experiences. These NFT tickets are available on Binance and Xclusive Launchpad Launchpad, using SIX Protocol’s Dynamic Data Layer.

Summary_NFT_Gen2

Summary

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 

It can be used to improve the abilities and applied to existing NFTs and can design with business. So it can be adapted to use in many cases, for example, a ticket pass NFT, exclusive membership, track and prove fraud from using a particular NFT, and many more.

 

NFT Gen 2 works by adding traits and linking to the Six Protocol Blockchain without changing the metadata on the original Blockchain. So, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

It has benefits such as Improving security, Tracking NFT data, Increasing customer engagement, Strengthen Customer loyalty, Offering unique opportunities, and adding brand value. It already has 4 use cases which are Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

If you’d like to explore ways you can use NFT Gen 2 with your project or business, please kindly contact us via business@six.network or open a ticket in our discord server.

 

 

 

——————————————–

Please don’t forget to follow us for more news and updates 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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Business Guide to Understanding NFTs for Access and Utility

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Business Guide to Understanding NFTs for Access and Utility

NFTs for access and utility

Table of Contents

You may have been wondering what kind of “utility” NFTs can really bring to the table since there are many projects in the space, yet everyone seems to focus on delivering their utilities to their NFT holders.

 

In this article, we will explore the use of NFTs and other possibilities for businesses to understand this ever-changing landscape of Web 3.0.

NFTs Access Passes: What is it?

 

As these non-fungible tokens exist on the blockchain, they also come with the ability to verify proof of ownership through wallet addresses / Name Services across networks. 

 

An obvious example of an NFT access pass would be a special kind of ticket to an event. Traditionally, tickets are issued according to the differences in seating and tier based on the time purchased. With NFTs as tickets, an event such as a concert, webinar, or networking event will be able to issue verifiably unique tickets that have proof of ownership with history or transactions stored in the blockchain.


You can see Coachella’s NFT access passes as examples here

What is ‘special’ about these NFTs, especially from a business’s perspective?

 

Using NFTs as tickets for an event can create many streams of value, whether for the event itself, ticket holders, or partners involved. Here’s why:

 

#1 Proof of attendance 

 

In significant events like Glastonbury Festival, ticket holders must verify their ID with a system to get a physical (with image) ticket to prevent fraud and invalid passes and control the audience’s overall safety.

 

If the said event used NFTs, their ticketing system might be improved since ticket holders can verify themselves with a simple swipe on their phones, making the experience smooth while remaining efficient regarding the event’s safety policies.



#2 Utilities for holders & Marketing values for partners

 

The sponsors/ partners are the hearts that pump the event’s energy and the organizers. They play a massive part in shaping what kind of experience a specific event will provide. What the event can do to increase the utilities for the NFT collection and deliver valuable results for partners is to integrate exclusive perks, privileges, or access for the partners and NFT holders. 

 

For example, the event’s NFT holder can access the partner’s special VIP area or get an exclusive discount on a certain line of products. This way, holders can enjoy their privileges to the fullest while partners can get in-event traffic with awareness in the Web3 space.

NFT Access Passes in the online world

 

You may wonder, “Can NFT Access Passes be used in other forms?” The answer is crystal clear, YES!

 

Apart from IRL (in-real-life) events, NFT access passes can also be used in the online world, introducing the concept of “NFT token-gated content.”

What do you mean by “Token-gated”?

 

Allow us to explain.

 

Today, we are familiar with exclusive content through subscription services like Patreon and OnlyFans. How it works is the creator creates content and locks it behind a ‘paywall,’ and then supporters who subscribe get access to the content. 

 

As per Token-gating, the content will only be accessible to supporters who own a specific token (like NFTs). We already see this happening in discord communities, where the members need to ‘verify’ a certain token/ NFT to access a certain server section.

 

At SIX Network, we adopted a similar concept with our holder club, where community members with 5,000 SIX tokens in their wallets can verify themselves and join the club.

 

You can learn more about it here.

Summary

 

While NFT ticketing is an obvious real-world use case everyone can imagine, we can all agree that one of the ways to create utility and value for NFTs is for businesses, creators, and projects to consider token-gating the content!

 

Is this all NFT access passes can do/be? 

 

One of the things our team likes to do at SIX Protocol is to explore as we try to unleash the true power of digital assets, a world with unlimited possibilities. What we covered today in this article is just the first layer of many more. 

 

NFT access passes can be used in many other forms, such as newsletters and virtual experiences in the Metaverse. So if you’re interested to learn more about all things NFTs, whether for yourself or your business, why not stick around and join our community space on discord?

 

Join now here: https://discord.gg/kypKmUJv9J

Connect with the SIX Protocol team for business opportunities

 

At SIX Protocol, we aim to help businesses and enterprises across industries access this ever-changing era of digital assets and Web 3.0. If you’re planning to build something on the blockchain for your business, SIX Protocol might be perfect for you.

 

Learn more about what we do and stay connected with us at sixprotocol.com

 

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How to join SIX Network’s ‘Holder Club’ on Discord

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How to join SIX Network’s ‘Holder Club’ on Discord

Guide to join SIX Network Holder Club on Discord

Table of Contents

Guide to join SIX Network Holder Club on Discord, which will be open on September 1, 2022, for SIX and FINIX holders. Prepare to join our Holder Club to get exclusive information and insight news before anyone else.

 

 

In these few months, we have been introducing different activities to our Discord, whether a big activity such as Airdrop or small sessions where we invited members to play games with us. To celebrate this milestone of having over 5,000 members, we’re excited to share that our Discord will launch a new section called ‘Holder Club’ with exclusive rooms specifically for SIX & FINIX holders.

 

Follow the steps below to join the club!

Who can join the Holder Club?

SIX Holder (5,000 SIX in BNB Chain)

or 

FINIX Holder (5,000 FINIX in BNB Chain)

* Metamask wallet only

#1 On SIX Network Discord, go to ✅⎪six zone-join. After that, press the Verify Assets button!

* Currently, SIXZone is Desktop supported only. Please stay tuned for the mobile version.

#2 After pressing Verify Asset! You will then see the message that popups; then click on the Connect Wallet (this button requires you to take action within 10 minutes).

#3 You will see a link like in the image below, press Yep!

#4 Afterward, you will go to the SIX Zone website and click on Metamask.

#5 Click on Sign Message, and after you press it, you will see the Signature Request page. First, check if it is Chain BNB or not; if yes, please go ahead and Sign.

#6 After going through all the steps, you will see that your Wallet has been connected, click Open Discord, and you will now be in the Holder Club of SIX Network Discord.

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SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

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SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

individual-node-validator

Table of Contents

What if you are a single particular person who yearns for the opportunity to be a node validator for a blockchain? What if you have no essential to pass the basic requirement to register to become a node for other networks?

 

SIX Protocol Partnership Program is nearly to commence another opportunity to enrich our ecosystem with the Individual Node Validator program after Business Node has been settled to the public enterprise for a period of time. 

The Business Node Validator was made specifically, hence the name, for businesses and organizations which can exploit SIX Protocol Toolkits that will help elevate the business operation into a blockchain full course. 

 

The criteria required to set up Business Node Validator respectively using a big amount of 1 million SIX tokens to stake in the system, but in contrary with the possibilities and functionalities to scale up the business to Web 3.0 is a reasonable investment price.

Jumping Start with SIX Node Validator

Just a quick recap of the main point leading to how interesting Node Validator could be, receiving fruitful benefits, and contributing to a blockchain ecosystem. Though you may see the potential to grow under SIX Protocol to become one of the validators, you have no business service here is your chance to enroll for an important role in the blockchain industry.

SIX Protocol Individual Node Validator is offering this initiative for people who are interested to join whether you are from any job field no matter who you are, a self-employed, professional, or office worker; you are all welcome to set up an Individual Node on SIX Protocol chain.

The eligibility and requirements to set up a node validator basis require

20,000 SIX tokens to stake in the individual node variation.

Once your validator starts, you will receive the passive rewards you may earn shared from the protocol’s gas fee according to the percentage of its validation period that has passed.

Role Title and Benefits of Individual Node Validator

☑️ Let us discuss the role node staker will contribute to the system

– Distributed consensus protocol.

– Execute transaction.

– Maintain and execute the performance of blockchain infrastructure.

 

☑️ Benefit

– Be a part of block validation in the chain.

– Receive passive reward shared from the gas fee.

– Inclusive opportunity with the network.

 

Everyone can have the opportunity to become a node validator for a blockchain network no matter what are the objectives or role you are in. Generally, it requires a large amount of funds, but SIX Protocol Partnership Program is granting a big opportunity for a particular group of people and individual blockchain enthusiasts to join with ease.

 

If you are interested to buy a node you can fill in the form here 👉 https://forms.gle/wAQzLcXijneVuC3i6

 

✅ Individual Node Validator program is around the corner and we encourage you to get in touch and don’t miss out on the advantages you have. SIX Protocol

Don’t miss out follow us at:

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Napathsorn Unchit

Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
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A Crypto Airdrop Mini Guide for Businesses

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A Crypto Airdrop Mini Guide for Businesses

cryoto-airdrop

Table of Contents

In the crypto world, one can enjoy many activities, whether you’re completing tasks on social media for an NFT project’s whitelist spot, joining community sessions, or hunting for free airdrops.

 

Today, SIX Network wants to dive into what you need before doing crypto airdrops. So let’s get into it!

A Crypto Airdrop involves blockchain-based projects such as a #DeFi platform or an #NFT project sending out free tokens to potential users, community members, or users who completed a particular step in the platform to increase awareness of the project.

 

Today, Crypto Airdrop is still one of the most popular marketing strategies used by various Web3 projects worldwide.

As crypto airdrops allow projects to shine in the light and gain awareness in the crypto space, it is also considered a gateway for users to get to know the project and the token better.

 

However, it is crucial to note that doing airdrops might come with many challenges that a project needs to overcome, such as scammers and the use of bots.

 ✓ Know your goal

Like any project or campaign in the world, one of the most crucial aspects is the user experience and the goal of your airdrop activity.

 

For example, if your campaign objective is to increase the number of long-term holders, you might consider finding DeFi partners that can co-launch a staking pool for your token.

 

Then, once the airdrop activity is completed, you can recommend the users to stake their tokens and earn some passive income instead of letting them sell all their newly dropped tokens.

 ✓ Create an activity for your audience

When it comes to crypto airdrop, one of the essential processes is to develop a set of missions or tasks users must do to participate in the activity. These missions will be one of the first impressions you’re making to your potential audience that has not yet learned about your project.

If a project can craft a set of tasks that are engaging and not too hard to complete, it might impress users to go ahead and learn about your project. But, at the same time, complex missions might draw the interest away from users, especially crypto newbies.

With SIX Protocol’s growth tool, “SIX Zone,” which is specifically developed to help projects manage community activities, you can rest assured that your next airdrop activity or other community activities such as whitelist management or missions tracking will be smooth for your users and participants.

 ✓  Reach individuals from different parts of the world through hashtags “#”

It goes without saying that Twitter is one of the most significant social platforms for crypto enthusiasts. So many interesting and educational things are happening there, but so are crypto airdrops!

If you’re not familiar with Twitter, we heard that @thesixnetwork is a good account you should start following 😉

 

One of the most important tips is to utilize Twitter for your airdrop activity to the fullest through hashtags. Hashtags represent topics, interests, or trends that are happening around the globe. Twitter users use hashtags to find the conversation or content that they prefer. With crypto airdrops, of course, many people are looking through different hashtags to find the activity to participate in.

 

Here’s an example from an airdrop activity that we did with Z7DAO, 77 Z7DAO Airdrop, which got over 800+ retweets and liked with more than 10,000 impressions.

If you made it to this point, you must be excited to join an airdrop activity or even host one yourself! Don’t know how to start? Why not hit us up?

 

Suppose you’re interested in learning more about how to create a successful airdrop activity or exploring ways you could utilize all the things mentioned in this article; feel free to contact our team at SIX Protocol here: https://bit.ly/contact-sixprotocol

Don’t miss out follow us at:

Khanathat Chowpradith
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Guide to Understanding the Paradigm of Web3, Blockchain, DApps for Business, and What Are Their Benefits

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Guide to Understanding the Paradigm of Web3, Blockchain, DApps for Business, and What Are Their Benefits

six-protocol-web3

Table of Contents

 

Technology for Data Safety

 

 

Borderless Web3 Transaction

 

 

Chainlink is an example of a blockchain-based project building Web3 beneficially for business transactions. Chainlink is a blockchain middleware that allows smart contracts to access vital off-chain resources such as data feeds, web APIs (application programming interfaces), and traditional bank payments corporations.

What Can SIX Protocol Chain Contribute?

 

 

 

➤ Provides a trustworthy environment for the community

 

➤ Lowers barriers to access services

 

➤ Encrypt identity and no intermediary

Don’t miss out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
Visit us at SIX Network for more.

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‘Everything you should know before investing in SIX’ – SIX Network 101

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‘Everything you should know before investing in SIX’ – SIX Network 101

Everything you should know before investing in SIX-01

Table of Contents

Every year, the world has witnessed the ever-growing growth of the cryptocurrency market. At the same time, from a businesses’ point of view, the adoption of Blockchain technology and the issuance of cryptocurrency coins are also becoming increasingly popular.

 

When it comes to trading crypto, risk management is crucial for every trader. One of the strategies for managing risks that everyone can use is researching project information by yourself or DYOR (Do Your Own Research).

 

In a world where cryptocurrencies continue to grow and attract more and more traders every day, SIX Network would like to take this opportunity to gather the information that we think will be of benefit to our users, people interested in learning about Blockchain technology, and past projects of SIX network here:

 

‘Everything you should know before investing in SIX’ – SIX Network 101

Who is SIX network, and what has the project done in the past?

 

SIX network is an alliance between three of the most prominent digital media startup groups in Korea and Thailand, including OOKBEE U, Computerlogy, and FSN, with Mr. Natavudh Pungcharoenpong (Moo), and Mr. Vachara Aemavat (Kuk), as Co-CEOs.

 

Since 2018, SIX Network has developed various projects such as SIX tokens, SIX Wallet, ECHO, snap, and SIXR, which are the first steps for SIX to use Blockchain technology and Metadata to develop projects. Furthermore, in 2021, SIX Network released its latest Defi platform called “Definix.”

It is worth mentioning that SIX network was one of the first companies in Thailand to raise funds through ICOs. Currently, SIX has been listed in many exchanges in Thailand and Korea, such as Bitkub, Zipmex, Bittrex, and CoinOne. SIX is one of the first Thai crypto coins listed on foreign exchanges.

What to do with the SIX coins that I’m holding?

 

SIX Token and all cryptocurrencies share the same feature of storing assets on a highly secure blockchain network and are accessible at all times without any financial institutions or intermediaries to determine or verify the user’s account statements.

 

Whether they are new to cryptos or professional investors, SIX coin holders are probably wondering, besides trading, what can SIX coins be used for? Let’s have a look!

•  SIX can be used for Farming/Staking on the Definix platform with many features available such as Bridge and decentralized exchange (DEX).

 

•  Earn passive income in different cryptocurrencies using SIX on the Rebalancing Farm on Definix that comes with a Rebalancing Strategy that will rebalance your portfolio and is not too complicated to understand.

 

•  SIX can be used to buy NFTs too! In 2021, SIX launched its first NFT collection with T-ARA, which can be purchased using SIX, resulting in all Legendary NFTs sold out within the first 24 hours!

 

•  SIX network just launched a Single-Sided Pool for users to stake SIX and get PLN (Plearn) where you can enjoy a public community, hang out spot, and other luxury privileges with The Phill Collection.

What’s happening now?

 

SIX just launched a new “Rebalancing Farm” on the Binance Smart Chain 

 

After the launch of the Rebalancing Farm on Klaytn in August 2021, which received very positive responses, a question arises among BSC users as to when the Rebalancing Farm on the BSC side will be available.

 

This marks an essential step for Definix in bringing Rabalancing Farm to the Binance Smart Chain network, as each network has its own unique assets to invest in. Defnix’s Rebalancing Farm on Binance Smart Chain is now live!

 

To get started, please kindly visit this website: bsc.definix.com/rebalancing

Advantages of Rebalancing Portfolios

 

The first thing is to understand the goals or reasons you would consider choosing to Rebalance. Each person’s goals are different. Rebalancing will automatically buy or sell when certain conditions are met in order to bring the portfolio back to balance, such as adjusting the portfolio over time or adapting according to the changed value ratio.

 

This method is good risk management and saves time in trading for investors as well. Therefore, this method is suitable for investors who want to hold for a long time or Value Investment, depending on various factors in managing individual investments.

Brief future of the SIX Network

• More utilities for vFinix: In the future, users will be able to use vFinix to vote to increase decentralization to the platform on both Definix — Klaytn and Definix — BSC

• We will likely see more partnership pools where users can stake SIX and receive exclusive privileges from luxury lifestyle partners. 

• NFT Marketplace: SIX is working on issuing an NFT space for NFT holders from SIX to trade on Definix. 

• Mutual Fund & Financial institution

• Project ‘SIX Universe‘: It will be a new world that brings new experiences to the users, from both the SIX Network and Ookbee sides, where only NFT holders who purchased from us can access.

Frequently Asked Questions (FAQ)

Q: Can the company make the price go up and down?
A: The SIX Network team cannot do anything that will affect the price of the coin since the price depends on the market demand of each exchange

 

Q: Is SIX still in development?
A: Of course, improving the efficiency of SIX tokens and increasing use cases is still one of our team’s main priorities 

 

Q: What is SIX’s Total Supply?
A: 1,000,000,000 SIX

 

Q: Can I trade SIX on international exchanges?
A: In addition to Thai exchanges such as Bitkub and Zipmex, anyone can also trade SIX on CoinOne and Bittrex

This article does not contain investment advice or recommendations. Every investment and trading move involves risk; readers should conduct their own research when making a decision.

 

Don’t miss out follow us at:

Khanathat Chowpradith
Khanathat Chowpradith

Web3 Marketer | Passionate Writer | NFTs enthusiast

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