What term refers to the lowest price at which an NFT can be purchased in a marketplace? Dropee Question of the Day 14 October 2024

Dropee

Dropee makes gaming simple and fun for all. Players can earn cryptocurrency by joining special airdrop campaigns. They can also take part in activities like the Daily Combo and Question of the Day to win rewards. The more activities you complete, the more cryptocurrency you can earn!

Dropee Question of the Day 14 October 2024

Try answering Dropee's daily quiz now! What term refers to the lowest price at which an NFT can be purchased in a marketplace?

Explanation 

This riddle is asking about a term used in the world of NFTs (non-fungible tokens). NFTs are digital items like art, music, or other collectibles that can be bought or sold online. The term you are looking for is the name for the lowest price someone is willing to sell an NFT for in a marketplace. It’s like the starting price of the item.

This term is very common in NFT marketplaces. It helps buyers know the minimum amount they need to spend to get that digital item. It’s important because it can tell you how valuable or popular the NFT might be.

Hints 

Here are hints to help you find the answer to the riddle:

• It’s the least amount you can pay to buy an NFT.
• It’s a common term in markets for NFTs.
• The first word is something you walk on.
• The second word is about the value of something.
• It tells you the minimum price of an NFT in a marketplace.
• This term is often used when selling digital collectibles.
• The price is at the very bottom in the list of offers.

Answer 

The correct answer is FLOOR PRICE.

Explanation 

The answer to the riddle is "floor price." In the world of NFTs (non-fungible tokens), the floor price is the lowest price that a buyer can pay to purchase an NFT in a marketplace. It represents the minimum amount that sellers are willing to accept for an NFT in that collection.

When people check the floor price, they are looking for the cheapest option available in a collection of NFTs. This price often changes depending on demand, the popularity of the collection, and the marketplace activity.

Boosting Rewards 

• Tap to Grow: Players can tap to make their tokens worth more.
• Easy and Fun: Tapping is simple and adds excitement to the game.
• Tasks to Finish: Dropee gives players different tasks to complete.
• Earn Rewards: Completing tasks helps players win rewards and move up levels.
• Short-Time Challenges: Special challenges are available for a limited time.
• Compete with Friends: Players can compete with friends to win cool rewards.
• Invite Friends: Players can ask friends to join Dropee.
• Earn Together: Inviting friends helps everyone get extra rewards.
• New Token Coming: Dropee is planning to release its own token soon.
• Get Early Access: Players can tap and finish tasks to get early access to the token.

• Next Article ››

Need for immediate attention Puzzle Page

250 days ago

Cell Wallet Daily Combo 21 October 2024

302 days ago

Dropee Question of The Day 21 October 2024

302 days ago

Time Farm Answer Today 21 October 2024

302 days ago

HoldCoin Holder Box Daily Combo 21 October 2024

302 days ago