An NFT is a non-fungible token that exists on a blockchain, with the same digital ledger technology as cryptocurrencies like bitcoin.

But, here’s where it differs.

Most bitcoin is fungible, meaning that it can be easily exchangeable, like cash. However, NFTs are non-fungible, which means they are completely unique and not easily exchangeable.

When you purchase an NFT, you get access to the asset, and the ownership of the asset – which is authenticated by blockchain and unerasable. This means it’s yours, and only yours.

Pretty simple, right?

So while this renders them pretty much useless as a currency, its perceived value was realised in the form of digital art, surfacing in many forms such as images, music, film, and animations.

Christie’s has become the first major auction house to sell an NFT-based artwork. The music industry is already making strides – with Kings of Leon releasing an NFT album, and Mark Cuban betting on the film industry as the next stop. Xircus is the world’s first platform that allows anyone to manage, regulate and operate the NFT market at will. With just a few simple clicks, Xircus users can quickly and completely create and launch a free NFT trading platform. Xircus is a unique and automated platform, so empowering artists or content creators to create their own NFT marketplace is fully automated and personalized. This is a simple way to save you time and money to develop your personal marketplace for your NFT.

Tokenomics of Xircus

Market Token (XMT) and Xircus DAO Token (XIRCUS) are the two main tokens of Xircus. They always support the activities and are attached to the development of the Xircus platform. Meanwhile, markets and paired with stable tokens will be used with XMT Tokens. For XIRCUS tokens will be used as tokens for voting, upgrading, staking, recommending, registration with built-in DeFi features to allow holders to receive XMT for holding.

The $XIRCUS token is a reflection token for the DAO, to increase the platform’s reputation it will actively vote. Besides, it helps to upgrade market features or improve, change the user interface, suggest platform features, Even manage ringtone manager and proxy market by setting token report to the authorization group opened by the administrator.
$XMT token is a token of $XIRCUS, for only 1000$XMT, every time the liquidity pool is filled from the 10% profit shared by Xircus will be added to the liquidity for every market deployed . if RINGMASTERS create or don’t want to create their own token or any existing BEP20 token then $XMT will be an alternative or optional token for the market

NFT marketplace dApps in no time

Xircus is a primary platform for all those who are currently losing a significant percentage of their profits to third-party NFT marketplaces. With Xircus they can actively create a custom NFT marketplace and sell non-fungible digital assets directly to their fans and followers. Our conservative estimate suggests Xircus can save NFT creators about $600 million within a year of its launch.

Additionally, by democratizing access to tokenization and NFT trading, the platform will empower all, be it an individual, a brand, an expert, (blockchain)startup or celebrity/influencer.

The High Cost of Minting NFT Tokens on the Ethereum Blockchain is Discouraging

Xircus solved that WHITEPAPER

SUMARY
Out of all the NFT Marketplaces we reached out to, it was only the guys at Xircus who were happy to answer all the questions we had for them without any qualms.
That’s a big plus in our book for any business. Be willing to market your project to anybody, anywhere, and at any time!
The reason for this is because you don’t know who will become your biggest fan or what advantage you can gain from doing so.
Xircus which is yet to officially launch is putting together the works for everyone who wants to create and own NFTs.
They’re bringing some not-seen-before features which will blow the NFT space out of the water.
From talking to the team and seeing what they’re doing, we can only say one thing: watch out for Xircus !

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Author:
Bitcointalk Username: comotchucho
ETH (BEP20 - BSC - Binance Smart chain) address: 0x0a1006c84f69cC7ad40420c734c1E8A2Bd5f784e