Spume is the fully decentralized & community owned NFT market place.

in spumetoken •  3 years ago  (edited)

NFTs are non fungible tokens that run on blockchain. Each NFT is unique and can not be replaced with other NFT. In a particular blockchain an NFT can exist only in a single address so there is no possibility of exact forging or to manipulate NFTs. As DeFi is tokenizing real assets to transact them on blockchain, NFTs are representing digital assets. These digital assets can be A digital painting, iconic ads & banners, digital cards representing special moments of any sport, digitally issued tickets/stamps to host a program, digital invitations to conduct seminars, digital books, and many gaming tools that have special use case.

NFTs are representing the digital ownership via a digital file on the blockchain. All the information regarding NFT & its owner is stored and saved on blockchain. No one can illegally misuse anyone’s NFT. Further NFTs are scarce in number and can not be duplicated or interchanged with each other. So there is always a hype and demand for NFTs in the market.

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Spume Ecosystem

Spume is a holder owned Non-Fungible Token (NFT) Marketplace, where those who hold the SPUME token share the revenue generated from the marketplace's transaction fees. This platform is providing the real use case of NFTs on the platform. By just holding the native token of the platform , you become eligible to earn passive income since the transaction fee deducted on the platform is reflecting back in the wallets of spume token holders. that means this platform is proving a unique concept where the max. power & benefits are given to active users of the platform. Since the loyalty of users' is well appreciated and rewarded on this innovative platform, that will boost a major portion of community to join and become active member of this growing project. This will create more transactions on the platform which will generate more liquidity. With more liquidity the platform becomes more user friendly as there is very low gap between buying and selling price that will create best deals for buyers and sellers.

New Technology & Sound concept

This platform is a next step evolution of technology development on blockchain. the concept is very appealing as the generated revenue is distributed among spume token holders in such a way that will make token holders feel pride on the platform. This concept is challenging the big prevailing flaw in the market where the currently leader NFT marketplace in deducting 2.5% of transaction fee on the platform. After generating millions of dollars as fee, nothing is given to loyal users of the platform. The whole generated revenue is captured by a few team members of the platform. As the traders and active members end up by merely paying high fee for using their platform.

On the contrary Spume platform has introduced new technology developments with best use case of its native token on the platform. this platform though also deducting 2.5% transaction fee, the full deducted fee & the generated revenue via fee deduction is redistributed between the active community that is holding the native & governance token ( spume Token) of the platform.

Safety & transparency

Users' fund security is the motto of the platform. The transactions are executed by the innovative smart chain of Spume platform and the smart contracts execute the transaction when certain conditions are met. Further the nodes of the platform store the executed data on blockchain via blocks. The whole process is done in user's account and once the transaction is confirmed , it can not be reverted. This data & information is always available in a distributed ledger on blockchain and anyone can see the data. So there is no possibility of changing or manipulating the data. Spume platform is providing immutability to users and as such the users' funds are always secure on the platform.

Trustless ecosystem

Spume platform is a decentralized protocol and the users of the platform can transact anonymously. There are no third party restrictions and inquiries regarding user's fund or asset. The buyers & sellers can transact freely without any fear of scam since all the trust required to execute the transaction is handled by the technically advanced smart contracts of the Spume platform. The users are not required to reveal their identities. By providing transparency, immutability and allowing trustless transactions, the innovative smart chain & smart contracts of Spume platform are making it sure that the deserving person will receive the funds.

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3 years ago by

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