NFT’s are an innovation in the blockchain space, and thus to understand NFTs, it is useful to consider the context of the token market as a whole. We began by analyzing three major areas that represent significant evolutionary advances in modern blockchain technology — and they all include NFTs in one way or another: improvements to cryptocurrency exchange platforms, decentralized systems, and digital identity verification processes.
While some cryptocurrencies have performed very well, too many currencies are being considered one of the same. Most coins today fulfill a similar enterprise — that is, to be a medium of exchange through which goods and services are purchased. The Spume DApp will revolutionize everything about the blockchain industry by creating a new category for blockchain apps: NFT (Non-Fungible Token) applications. This has never been done before, and this unique factor helps to separate it from the pack immediately.
About SPUME
Spume Project are now very popular in cryptocurrency. Many investors are discussing about this project on various social media Because these tokens are different from other tokens. Many investors are currently interested in investing in this token. The Spume project seems to me to be one of the best projects I've seen in 2022. If we look at the social media content of this token, we can see how popular this token is. This token is added to different markets in phases Have started to be added. I think the future of this project is very good. Because those who are working on this project are very honest, talented and hardworking. So I think this project is a successful project Will.
Spume Features
- Buy & Sell NFTS : A marketplace for buying, selling, and auctioning
- Create Collections : Easily mint and create new NFT collections
- Hold SPUME and Earn : Revenue sharing for SPUME holders
- Available Globally : Anyone, anywhere can participate
Problem
OpenSea is the largest NFT marketplace and currently charges 2.5% on every transaction through their website. In the last 30 day (as of Jan 3), they facilitated over $2.3 Billion in volume, meaning they charged NFT traders over $50 million.
Aside from the cost to use their platform, they are a centralized platform who has power over censorship and every facet involved with the listing and trading of NFTS through their site.
Earnings from the SPUME
Spume Markets’ 2.5 percent sales tax revenue can be split among SPUMEs’ owners. Owners of SPUME tokens earn a 2.5 percent sale fee based on their ownership percentage. Any additional expenses imposed by the team or the DAO will include sales tax and other associated taxes. The DAO will fund the Treasury as a result of its 20% ownership of all tokens, which entitles it to 20% of the 2,5% selling charge. This will be explored in more detail later. With the Spume Audience, it will be easy to make money off of the marketplace’s transaction fees. A variety of NFT initiatives that pay for advertising on Discord, Telegram, and the SPUME website can significantly increase Spume’s earnings. All of the money goes to Spume, a community fund.
Solution
We will create a decentralized autonomously governed NFT platform where we still charge 2.5% on every transaction, but that fee is payed out evenly to SPUME holders. This incentivizes those who use the platform to hold SPUME and participate the governance.
Decisions on large updates to the marketplace and additional utilities will be voted on by SPUME holders, removing power from one centralized source and returning it to the actual users of the platform.
Tokenomics
In all, there are 100 million Spume tokens in circulation, with 18 digits to the tenth power. It’s much easier to grasp the market cap of SPUME now that we have this information. The community will be able to estimate profit sharing and expected returns more accurately due to the limited number of Spume tokens. More trade pairs will be possible because there are fewer SPUME tokens at the start. ERC20 token: Open Zeppelin’s Snapshot class is included in this coin. The snapshot class allows us to take a picture of the Spume holder at any moment. All of these snapshots can be viewed by anyone with access to the blockchain. It is possible to access snippets if you have a SPUME-approved account The Spume DAO and NFT Marketplace will both use these tokens in the future. Any SPUME user is automatically a member of the Digital Asset Organization (DAO).
Conclusion
NFT Marketplace transaction fees generated by Spume will be distributed to SPUME token holders. Spume’s decentralized marketplace allows users to decide when and how much they wish to trade their goods and services for one another. Transaction fees in this marketplace are split evenly among all parties involved. A culinary product like Spume aims to be liked by individuals from all walks of life. Creators, investors, and stakeholders make up the actors in this sector. SPUME was founded with the goal of reaching all corners of the present bitcoin market. The provided tools in this toolkit are available to anyone with a copy of Web 3.0. Advertisements on Discord, Telegram, and the SPUME website from NFT projects can have a significant impact on Spume’s earnings. To the Spume account, which is managed by members of our community.
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