Convert and Swap Strip Finance STRIP to Indian Rupee INR

Strip Finance (STRIP) is a decentralized platform that aims to address liquidity challenges in the Non-Fungible Token (NFT) market. It provides a unique solution by allowing users to retain ownership of their NFTs while deriving liquidity from them. This is achieved through a collateralized NFT lending and borrowing platform. The platform's native token, $STRIP, is used for service fees, governance participation, and staking. The team behind Strip Finance comprises experienced crypto entrepreneurs and operators who have previously worked with various Web 3.0 companies.

Strip Finance operates by enabling NFT holders to use their assets as collateral for borrowing capital. The platform fetches asset pricing data directly from NFT marketplaces, ensuring fair and transparent valuation. Borrowers can upload their NFT assets on the lending marketplace, specifying their desired asset value, capital requirement, loan duration, and number of installments. Lenders can then assess these terms and decide whether to provide the loan. If the borrower fails to repay the loan, the lender receives the NFT asset. This system allows NFT owners to access liquidity while maintaining ownership of their assets.

Strip Finance seeks to provide a solution to the liquidity challenge in the NFT market. It allows NFT holders to access more financial options without having to sell their assets. This can be particularly useful for artists and creators who want to retain ownership of their work while also benefiting from its value. Additionally, Strip Finance can be used by investors seeking to earn yields from the growing NFT market. By providing a platform for NFT collateralization, Strip Finance opens up new possibilities for financial transactions in the digital art and collectibles space.

Strip Finance was founded by Varun Satyam, Yash Jejani, and Yuvraj Chhibber, who have extensive experience in the crypto industry and have worked with various Web 3.0 companies. The platform was designed to address the liquidity challenge in the NFT market, which has seen significant growth in recent years. Since its inception, Strip Finance has attracted the attention of several advisors and investors from the crypto industry. The platform's native token, $STRIP, was launched to facilitate transactions within the platform and to encourage user participation in governance and staking.