Charged Particles Review

HitCrypto
6 min readAug 20, 2022

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Hello everyone. In this article, we will examine the Charged Particles project. I wish you a good read.

First of all, let’s see what charged particles are.

It is an NFT protocol that allows users to deposit and store their ERC-20, ERC-721, or ERC-1155 tokens.

It allows the creation of game content with charged particles, yield (yield farming), DeFi NFT, and time-limited capsules.

Our project, which is currently active in the Etherum and Polygun networks, aims to be a basic infrastructure technology in the development of NFT projects as a mission.

Some things we can do with Charged particles

A limited production NFT, for example,

artworks Collection Items
Real Estate Derivatives
In-game tutorials
From these different types, we can convert your NFTs into a basket as a single coin.

They believe that this operation can change the understanding of NFT for games such as:

This expandable NFT package is considered one of the many types of assets you can hold. For example, in addition to these, we can invest your LP tokens, other single asset investments, or your own tokens like a capsule in a single NFT.

Change the contents of these created packages as you wish. customize

With the time lock, the deposited assets are locked for a certain period of time (a new staking model?)

The charge is changed instantly if you deposit an asset backed by Aave as Atoken, and you can choose how you want to handle the interest. For example, this fee can be paid to a different address, the NFT creator, a friend, a charity The choice is entirely yours!

How Does the Protocol Work?

NFT Mint

Here, we use the Charged Protocol to print NFT with a one-time fee, and then if we want to print NFT again, we will be able to create NFT without the need for a mint operation again. We can recharge the created NFTs, buy and sell them, or hold them. This part is up to us.

Charge NFT

Charge logic actually means depositing assets into an NFT. That is, if the token you deposit by the Aave protocol, for example, is supported by DAI, these DAIs become DAs and remain in NFT with interest income. Your interest income and tokens will remain in NFT until you break it.

Configurable Basic

We have a main amount that we invested. For example, 100 aDai. You can lock this asset or you can get your main money back by burning NFT (currently over contract).

Supported Derivatives

Currently, Minted NFTs support NFT in many ERC-721 standards published in rarible. In the token standard, this supports almost every product of type ERC-20 , erc-721, and ERC-1155.

So we understood everything. Why do we use this protocol? Who is it suitable for?

The best way to understand this is with examples. Let’s look at the formations that use charged pacticle together.

Vesting Capsules

Paragon DAO

With the launch of their token, $PDT, they are using Vesting capsules for distribution to token holders. Instead of a time lock, the capsules are sent to the rights holders and the locks are opened when the time comes, like a personal bank account.

Services with no commission

Unchained Music

They earn staking returns by keeping the royalties earned for royalties from music distributions in capsules, helping musicians earn commission-free income and interest by charging a special 0% transaction fee for musicians.

NFT Games

Rogue Ronin

A PvP game played with energized playing card NFTs. Weapons and prize NFTs are built into each player’s playing cards.

NFT Promotional Items
He used capsule NFTs to gift the Matrix swap community, each filled with 1000 Matrix coins.

Although there are dozens of examples that we can reproduce, it will be enough to present the most basic examples if you want to look at them.

https://docs.charged.fi/charged-particles-protocol/why-use-charged-particles/use-cases

What are charged NFTs exactly?

If I have to explain briefly, charged NFTs,

You can think of it as your own private bank vault. You can collect all your assets under one roof, lock them for a certain period of time, and earn staking income in the hall. What you can do is completely shaped according to your wishes and needs.

Supported NFT platform

A comprehensive list of platforms that support the protocol’s capabilities.

Let’s mint our first NFT.

First we need to go to our Dapp from here.

https://app.charged.fi/

We log in with our wallet After logging in, we click on Mint Particle.

We upload an image by selecting our file.

We enter the NFT information. and we mint our NFT, we pay nothing but gas fees.

Energizing our NFT

After minting your NFT, it will appear on your Manage page. To energize your NFT with your assets, open the energize page by clicking on the NFT you have pressed. Select the assets you want to invest in by pressing the Energize button.

After entering your assets, we need to confirm the transaction.

This is how the energized NFT will be seen after all transactions are completed.

Energizing process with NFTs

To energize your NFT with other entities, open the energize page by clicking the NFT you have pressed.

Press the energize button Choose between ERC-721 and ERC-1155.

Choose your NFT you want to deposit

You can easily finish this process by confirming the transactions.

NFT Edit Transactions have been created. If you are the person who creates or prints an NFT, the basic authorizations are as follows: Determining the NFT price NFT “Time lock setting Energy loading Withdrawing Release of Charged Energy NFT Burning If you want, you can also test all these processes on the testnet.

ONX Let’s Win!

There are several ways to earn IONX, the native token of our protocol. Being the first public liquidity provider on Uniswap . We can earn IONX tokens with ETH/IONX Liquidity.

Guild / Governance Side

Our protocol, which is a decentralized protocol, is divided into a guild system to ensure this. Briefly, these guilds

Devoloper Guild

Gaming Guild

Ecology Guild

Chairty Guild

Fashion Guild

Art Guild

If you wish, you can participate in any of them and contribute to the development of the protocol. With Governance, you can submit proposals and participate in voting. In general, we took a look at the operation of Charged Fi with you today. Don’t forget to stay tuned for more links that will be available at the bottom.

Discord : https://discord.com/invite/HdRx4SBMDv

Twitter : https://twitter.com/DefiNft

Medium : https://medium.com/charged-particles

kamu ilki Uniswap üzerinde likidite sağlayacısı olmak .

ETH/IONX Likiditesi ile IONX tokenlerini kazanabilmekteyiz.

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HitCrypto
HitCrypto

Written by HitCrypto

NFt — GameFi — TestNet — Layer2 — Dao I publish guides and reviews. Partnership and etc tw @hitasyurek

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