NFT platform OURSONG will launch Ourcoin in August, distributing rewards through "market liquidity mining".

OURSOMG announced today that it will officially launch the community token Ourcoin on August 1st, to incentivize NFT market transactions, reward creators, and increase community engagement, making OURSONG a truly community-shared platform.

According to official information released, Ourcoin is an ERC-20 token on the Ethereum network with a total supply of 420 million tokens and an initial price of $0.1. Ourcoin can be used to purchase NFTs on the platform, pay fees, earn rewards through staking, and participate in community governance in the future.

OURSONG to Launch Market Liquidity Mining and Airdrop Programs to Incentivize Users

In order to create a thriving community ecosystem, 50% of the total Ourcoin supply will be allocated as rewards for the community. Users cannot directly purchase community tokens on the platform but must obtain them through "market liquidity mining" and "token staking."

"Market liquidity mining" will reward users with Ourcoin based on their monthly trading activities on the platform, meaning the more NFTs they buy and sell, the more Ourcoin they earn. This is expected to stimulate NFT sales and expand the Ourcoin community. In addition to receiving more Ourcoin, those who "stake tokens" can enjoy various benefits such as fee discounts, early access to sale information, and priority bidding rights in the future.

OURSONG also plans to introduce a governance mechanism in 2022, allowing Ourcoin holders to propose and vote on product and community development initiatives. Furthermore, to incentivize early participants, OURSONG will continue to repurchase and burn Ourcoin with market trading fee revenue until the circulating supply reaches 50% of the initial issuance.

Key Opinion Leaders (KOLs) in the Crypto Community Join OURSONG in Issuing NFTs

The NFT market in Taiwan is considered an emerging sector in the new industry, and as one of the pioneers exploring this new field domestically, OURSONG upgraded its NFT functionality on 4/20 this year. By the end of June, in just two months, the trading volume had reached nearly $100,000, almost a tenfold increase from the same period last year. Currently, the platform has nearly 900 creators and 1,500 NFT artworks, showing significant growth momentum.

The types of creators have expanded from the music field to various art forms, including audio-visual art, illustrations, animations, digital art, podcasts, etc. Notable figures in the Taiwan cryptocurrency community, such as Dr. Po, a well-known figure in the crypto circle, and the founder of Block Tempo, Ming-En Hsu, continue to create knowledge content as NFTs, attracting collectors and activating the secondary market.

One of Ming-En Hsu's NFT releases:

One of Dr. Po's NFT releases:

OURSONG further stated that more well-known figures in the Taiwan blockchain and cryptocurrency industry, including social community leaders, KOLs, and industry professionals, will be releasing diverse NFT artworks on OURSONG. For example, the Taiwan Office of the Republic of Siland will release a digital publication called "Xiao Bo," a national-level NFT that inspires people worldwide to pursue freedom. Renowned lawyer "Guo Ke" will release animated NFTs as credentials for legal consulting services. Daniel, the CEO of the exchange BITGIN, created a hip-hop song "This Is Blockchain" and will donate all proceeds to charity organizations. The founder of "Rydeit Rich Car," XiXi Zhu, will issue a limited edition wealth password sharing certificate, and Crypto Eye and community leader Uncle Liang Bo and YouTuber Brain Brother will release a cartoon-style "Summoning Series Card."

Within the NFT art and design community, more emerging talents are joining the ranks of OURSONG, such as "Mao Mao's Happy Friends," founder of "Jing Ran Office" Yong-You Zhou, and co-founder of "Interstellar Nonsense Line" Bo-Xuan Zou. OURSONG encourages artists from various fields to explore the NFT field and welcomes applications for creator accounts to publish NFT artworks.

This content is provided by OURSONG.