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Scott ‘Kap’ Kapun has always been known as an innovator. He spent nearly a decade as a network engineer and was a very early adopter of cryptocurrency trading and mining.
As time passed and the cryptocurrency space grew, so did the number of bad actors looking to prosper by taking advantage of those in the space. Tired of seeing people lose their hard earned money, Kapun decided to do something to change this dynamic.
The result is Arsenal NFT (ANFT), his inaugural cryptocurrency DeFi/NFT ecosystem that is based on USDC.e on the Avalanche network, which is tied to the US dollar value.
One of the things that makes Arsenal NFT unique is its commitment to profit distribution. Kapun has declared that all community profits from the ANFT ecosystem will be shared using the network’s proprietary DeFi application and paid out in USDC.e, the stablecoin on which the ecosystem is based.
Not only did Kapun create Arsenal NFT, but he is also the project lead and sole owner of the integrated system. He created it to put the keys to passive income in the hands of every participant in Arsenal NFT.
Community First
When we think of DeFi advocates and “crypto bros,” we often think of mavericks content to do things their own way and keep their trading tips and techniques a secret. But, Kapun aims to see an entire community thrive and become passively rich.
Though the founder sincerely enjoyed his years learning about crypto and networks, he became disheartened when DeFi became a prevalent space in the ever-expanding alternative currency landscape.
The nonstop scams and trickery that became hallmarks of the landscape depressed him. “Why can’t we support each other and thrive together? Why does it feel like we are all working against each other for a slice of this pie? Don’t people see that this pie is getting bigger every day, and there is room for all of us to prosper?” he recalled asking himself. This was where the seeds of ANFT were sown.
Kapun believes that building an ecosystem based on stablecoins provides a safeguard against price fluctuation and profits that are typically tied to the platform's native token. To bring this dream to life, he put a multitude of smart contracts in place to protect and engage the participants, who feel that they are working together instead of against each other.
To keep engagement high and users satisfied, Kapun and his team receive and action the constant compliments, complaints, and feedback they get on the busy ANFT Discord channel. Another online home for the ANFT community is its snapshot.org page, where participants vote on the next NFT and DeFi apps to create. This democratic aspect adds a unique element to the system since, until now, independent investors could choose from only a handful of trending NFTs at any given time.
It’s inspiring to see that when the wallets of lots of investors are combined, they suddenly have the leveraging power to create community-approved NFTs.
About the Smart Contracts
ANFT has an exclusive smart contract as a part of its ecosystem. Called the SPOILS OF WAR, it tracks stablecoin profits to be distributed monthly to native token holders. Because profits are distributed in USDC.e, the payouts are not tied to fluctuations in the price of ANFT.
All community funds are held in a vessel called WAR CHEST until voting on which DeFi applications and NFTs to develop next is complete. Funds in the chest are also used to create a more substantial presence for ANFT on other blockchains, raising the overall profile of the project.
“The more ANFT you hold, the more you earn. So not only is ANFT a governance token, but it also acts as an IOU that correlates directly with the amount of profit a holder is owed,” Kapun said.
Kapun advises investors in the ANFT community to hold on to their coins to earn more profits and assures users that the ecosystem’s core values and DNA are based on integrity, community, and value-adding for all participants.
About Scott ‘Kap’ Kapun
Scott ‘Kap’ Kapun is the creator, owner, and project lead at Arsenal NFT. He has over eight years of experience in network engineering and over a decade in cryptocurrencies. His goal is to change the way Crypto/Defi projects interact with their communities while providing the tools and groundwork for all who participate to earn passive income from the Arsenal NFT Ecosystem. For more information and to get involved with the community, please visit their website at https://arsenalnft.org/
Disclaimer
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