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Surf has Robinhood Chain launched SurfBoard NFT, which can accumulate tokenized U.S. stocks after being revealed.

BlockBeats reports that October 15,AI the crypto research platform Surf launched the Robinhood Chain SurfBoard series on NFT, with a total supply of 6666 units, no additional issuance, no public sale, and zero team allocation. Eligible annual members can claim them for free, while other users can purchase unrevealed 1 units of$SURFBOARD through the official website for NFT.

SurfBoard uses the ERC-404 standard. After being revealed, it accumulates NVDA、SPY、META、GOOGL and SPCX five tokenized stocks according to rarity weights. The rewards are funded by trading fees from the official pool 3%, of which 2.2125%is used to purchase stocks, as well as secondary-market royalties from revealed NFT 5%. Holders may sell NFT and transfer the accumulated rewards together, or burn NFT to redeem the rewards from 95%, with the remaining 5%distributed by weight to other revealed NFT.

According to the official website, as of press time, 1916 SurfBoard units had been revealed, representing approximately 29%of the total supply, with an accumulated stock value of approximately 20000 USD. The current price of unrevealed NFT was approximately 200 USD. Surf cautioned that$SURFBOARD can only be traded on the official platform, and quotes for other DEX come from unofficial pools.

Original link https://m.theblockbeats.info/flash/372047