If on your next birthday you win a pair of socks, don't be sad, maybe you could have made a fortune without knowing it! Recently, pairs of digital socks are being sold for $ 92,000 through Uniswap. The idea, which as you may have noticed, is quite crazy, involves the famous Non-Fungible Tokens and stylized and unique socks on the blockchain, backed by real physical models.
Digital socks are sold through Unisocks (SOCKS), a token created based on the Ethereum blockchain and whose market movement is concentrated in the DeFi ecosystem.
During the end of this week, each SOCKS Token reached a new price record, valuing over $ 93,000. From yesterday to today the price has already dropped, but still, each digital sock is worth just over $ 50,000.
Altogether the token has an outstanding supply of 314 tokens. At record prices this means that Unisocks' market capitalization was almost $ 30,000,000.
Yes, you read that right: 314 pairs of socks worth $ 30 million.
And you must be asking yourself: What are the benefits of these coins? What are the advantages for the investor? Well, the main advantage and use of these tokens is being able to use them to rescue an exclusive pair of socks to warm your feet in the cold, in addition to showing your love for the DeFi system.
How did the socks get to DeFi?
The DeFi sector, which is nothing more than Decentralized Finance, is one of the fastest growing in the crypto market and has been gaining prominence since last year. Because it is self-regulated and without intermediaries, markets like Uniswap allow almost any idea to have a space.
The project to sell digital socks started in 2019, with the creation of 500 socks that would be digitized and sold in the Unisocks market through the Uniswap protocol.
Currency prices have a valuation system with the sale by lots, with each one being more expensive than the previous one. Thus, the values ??reached the recent marks since, surprisingly, there was a demand for pairs of socks.
More than a joke, this is also proof that through decentralization people can decide what to sell and what to buy and for the price they find best, being a great example of financial freedom.
It just might not be a good idea to bet on Unisocks hoping to win any money, unless you are a big fan of socks.
