To facilitate efficient and convenient usage of the above features, NFTencer has created a utility token named "NFTE”

NFTE is the utility token of NFTencer project, it will be used for various useful functions on NFTencer including:

Used for trading NFT items: Users can use NFTE tokens for trading NFT items on NFTencerVoting for K-content fan-meeting event: Users can hold NFTE tokens in their wallets to vote for free on fan-meeting proposal decisions such as location, idols, seats, etc. The more NFTE tokens you hold, the more voting power you have!

Win periodically K-content idols' exclusive NFTs for free: The NFTencer ecosystem includes vastly K-content idols and entertainment/management companies that periodically create NFTs and randomly reward NFTE token holders. The winning rate will gradually increase according to the NFTE ratio you hold.

Donating to K-content creators: Creating a convenient way for K-content fans to support their favorite creators/idols when they can't afford to buy NFTs. K-content fans can send any amount in NFTE tokens directly to their idols wallet without going through any intermediaries.

Expose your NFT and profile more on NFTencer newsfeed: Holding NFTE in your wallet will help your NFTs or profile exposed more frequently on NFTencer explore site next to those creators with high engagement than creators who don’t hold NFTE.