A lot of people believe that the world of cryptocurrency and blockchain is for the financial expers, smart chain developers, and experienced investors. I stand to oppose this ideology as a lot of opportunities are being lost. The crypto market is for all. Several sectors such as the financial industry, music industry, electricity companies, gaming industry, aviation industry and alot more have leveraged this technology for its efficiency. Now the Social media is indifferent and exploring this in a way not thought before with the use of quite different form of token (NFTs) hence, the development of the SOCIAL NFT Marketplace
Are you a YouTuber, Instagrams influencer, or even a content creator of any kind looking to make money from your content? Then this project is for you! Do well to read this article till the very end.
The SOCIAL NFT project links the Social media to the NFT market
To understand the concept this project, I'll briefly explain what an NFT is.
NFT (Non-Fungible Token)
NFT are digital assets that which is a symbol to represents arts object like pictures, Gifts, in-games item, music, and videos.
Fiat currencies as well as cryptocurrencies are known to be “fungible,” which means that they can be traded for another token. With equal worth as 1BTC is equal in value to another 1BTC. This fungibility of cryptos makes it trusted for cryptos to be traded securely on the blockchain technology.
SOCIAL NFT is built on the BSC network
It is also important to know that the SOCIAL NTF is developed in the Binance Smart Chain (BSC) network. Now what is BSC?
This is a blockchain network built for running smart contract-based applications.
Binance smart chain runs hand in hand with the conventional binance chain (BC) which allows users to enjoy both the BSC and the BC: which includes the the high capacity of transaction performed by the native Binance Chain and the smart contract feature of the Binance Smart Chain.
About SOCIAL NFT
SOCIAL NFT MARKET is a decentralized Project on the binance smart chain that has been developed to solve that issues faced by the investors in the NFTs marketplace. The SOCIAL NFT MARKET Project will allow NFT marketplace connects with several social media ventures and organizations.
The platform will be like a virtual Market place for sellers and buyers of social NFTs, investors and NFT holders in the sense that they will be able to do major activities that can help incur Profits easily on the SOCIAL NFT MARKET.
HOW THE SOCIAL NFT MARKETPLACE OPERATES.
Here is how to use the platform;
- All buyer, sellers as well as content creator of NFT has to create an account on the platform before they can make use of it
- All transactions are executed with the SNFT token or BNB.
- Social Media Influencers, YouTubers and various influencers can now sell their stuffs on the marketplace
- Users are now be allowed to create their personal decentralized wallet on the platform to manage assets
FEATURES AND FUNCTIONS
DECENTRALIZED AND DISALLOWED
- SOCIAL NFT Framework is designed to optimize the benefits (and minimize the risks) of digital assets ownership and trading. Our core technology relies heavily on blockchain, automated smart contracts.
BLOCKCHAIN PROTOCOL
- SOCIAL uses the Binance blockchain and protocol, with the native token named SNFT. It will share security profit from the entire Binance network, avoiding the possibility consensus attack.
CHEAPER EXPOSURE FEES
- There will be some fees that apply such as application usage fees for trade execution, creation and listing of NFTs, NFT Auction.
CHAIN MANAGEMENT GOVERNANCE
- SOCIAL NFT Market governance enables stakeholders to seamlessly modify the protocol base and change critical framework parameters to meet changing needs of the environment and society.
CLIENT PARTNERSHIP
- SOCIAL NFT Marketplace provides a UNIQUE platform for users who want to bring their digital products to the NFT marketplace where they can sell their own images or goods in a marketplace with an established business model.
INCENTIVES AND REWARDS
- User Base Incentives and Rewards Community is almost everything, and the SOCIAL NFT Marketplace will focus entirely on rewarding early adopters In addition to incentives to use, the SOCIAL NFT Marketplace uses a Proof of Stake model that can offer its own rewards for being a network validator.
SOCIAL NFT TOKEN
TOKEN INFORMATION
Token Name: SOCIAL NFT
Ticker: SNFT
Network: Binance Smart Chain (BEP-721)
The SNFT token is used in six main ways:
- SNFT is the core base digital currency for paying the transaction charges.
- SNFT is often used to vote on policy-making referendums on governance. SNFT token holders can participate in the SOCIAL NFT ecosystem policy-making process by voting with SNFT. The more SNFT, a holder has the more and more power to vote they have.
- The Primary exchangeable counter digital currency is SNFT for all trades on the Marketplace.
- All fees for the NFT Marketplace applications, including listing fees are paid with SNFT.
- Rewards distributed and contributed to all uses will be denominated in SNFT.
- In addition to engaging in governance, SNFT token holders would enjoy other rights or membership and protections within the ecosystem, which non-holders will not have access to.
Conclusion
This is an opportunity to be a part of a project like never before! Let your social media earn you cash!
Official link
WEBSITE:https://socialnft.market/
TWITTER:https://twitter.com/NftSocial
FACEBOOK:https://www.facebook.com/Social-NFT-Marketplace-107634801407846
TELEGRAM GROUP:https://t.me/SocialNFT/82
WHITEPAPER:https://wpdf/Whitepaper.pdf
INSTAGRAM:https://www.instagram.com/social.nft.marketplace/
AUTHOR:
BTT Username: LEON331300
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2215507;sa=summary
BSC Wallet Address: 0xD90f924dC3Cabb019D44a6380c295F475B0dB5af
Authentication: https://bitcointalk.org/index.php?topic=5342047.msg57356910#msg57356910