Soft Launch and Vesting Updates
The Refinable team has made substantial milestones in the past week with the soft launch of our platform! We have successfully crossed 2,500 mints and 600 transactions in just our first week.
Accessibility has always been our north star and we are committed to making NFTs cheaper, faster, and safer to engage with. With greater accessibility, users and brands can begin to experiment and further expand existing NFT use cases for the wider community.
Beyond just accessibility, everyone is also looking to greener solutions within the blockchain space. With Binance Smart Chain (“BSC”) as our ecosystem partner, we are happy to provide a more energy efficient platform for the community so that we can do better by our users and the world at large. BSC’s gas price averages 20 gwei which means less congestion on the ecosystem, less energy consumed by validators, and lower gas fees for the users.
This past week also saw the release of several new creations, trading, and social features for our platform and we are well on our way to achieving our roadmap goals. We have also been busy working on external partnerships, of which Seascape and SATOR have been announced! As always, stay tuned to our socials for the latest partnership scoop.
As the platform comes to life, our priority now shifts towards further developing the platform, integrating additional partners, and acquiring new users.
With our new user acquisition strategy, the team has decided to delay the vesting schedule of all private sale investors beginning this past Monday (May 24th, 2021–12 am HKT). The team will be implementing a 12-month pause to the remaining locked tokens to provide time for our platform and community to mature. The remaining vesting will restart 12 months from May 24th, 2021 and will unlock linearly over the next 12 months. All unlocked tokens up to the pause will remain unlocked and distributed to investors.
This vesting adjustment will no doubt set a foundational period for Refinable that will allow our platform and community to mature and thrive. With the support of our team and investors, we are excited to continue working hard to make Refinable the definitive NFT hub for all users, brands, and communities!
Invested by Binance and Mr Beast, Refinable is the first major NFT marketplace on BSC, empowering both individual creators and beloved brands to easily and affordably create, discover, trade, and leverage NFTs. Supporting all communities in engaging with NFTs is Refinable’s mission and we look forward to empowering the next generation of digital transactions.