CryptoPunks (μϾ721) $5,000 Learn and Earn

CryptoPunks (μϾ721) $5,000 Learn and Earn

$5,000 in FLC to be won

μϾ721 is now available to trade on WOO X! To celebrate, we’re giving away $5,000 of FLC tokens in partnership with Floor Protocol! To have a chance of winning, all you need to do is read this short article and complete the multiple-choice quiz in our Galxe campaign.

WTF is μϾ721 (CryptoPunks)?

μϾ721 is an ERC-20 token representing a fractional share of the CryptoPunks NFT collection. When you deposit 1 CryptoPunk into Floor Protocol, you get 1,000,000 μϾ721 tokens in return. 1 μϾ721 token therefore represents one millionth of a CryptoPunks NFT, and 1,000,000 μϾ721 tokens = CryptoPunks Floor Price.

Why trade μϾ721 (Punks) on WOO X?  

Let’s skip the BS. Here’s why you should make the switch to Utokens:

  • Gain exposure to CryptoPunks without buying an NFT
  • Partially exit your position which you can’t do with NFTs
  • Use professional trading and order entry tools
  • Get access to instant and gasless trading

How can an NFT be traded on a CEX?

WOO X's partner for launching the innovation of fractionalized NFT tokens is Flooring Lab. Through this strategic partnership, WOO X has introduced fractionalized tokens for NFTs, marking a significant milestone in the evolution of the digital asset market.

Fun facts about CryptoPunks

CryptoPunks is a collection of 10,000 24x24, 8-bit style NFTs inspired by the 70s London punk scene. They came about from an experiment in 2017 when Larva Labs (a 2-person team based in Canada) created a software program to randomly generate thousands of quirky and eccentric characters. 

There are 6,039 male Punks and 3,840 female Punks - most are human but there are also 88 zombies, 24 apes, and 9 aliens. The rarest punk - CryptoPunk 635 - is the only alien punk to also have a sub-1000 series number. On May 11th 2021, it sold for a grand sum of $16,962,500 at Christie's in New York.

Interestingly, on March 2nd 2022, an anonymous individual donated Cryptopunk #5364 to the Ukraine government’s public wallet address to help fund their fight against the Russian invasion of Ukraine.

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on WOOFi’s official website shall prevail.

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