NFTMart NMT Price $ 0.00384

Overview

NFTmart is committed to becoming the world's most professional NFT decentralized trading market. It is divided into two parts.

The first part nftmart.network is an open and decentralized NFT public chain, which is mainly used for the issuance of NFT products and transaction data on the chain.

The second part provides friendly transaction scenarios for the nftmart.io website. For users to upload or trade NFT conveniently and quickly.

NFTmart is a development based on a substrate architecture, which is naturally combined with Polkadot's cross-chain ecology. The entire network cross-chain model will bring unlimited possibilities for NFT trading.

Due to NFTmart's decentralized nature, after his growth period, he will eventually transfer to community autonomy. 

Economic design goals

The NFTmart economic model needs to seek a balance between protecting the interests of all participants and the sound development of the system. And it needs to be considered that economic models can eventually lead the ecosystem to community autonomy smoothly. It is necessary to ensure that the self-interests of all participants are consistent with the ultimate goal of the system and promote each other.

At the same time, all participants can also supervise and restrict each other to ensure the safety and stability of the entire ecosystem. In order to achieve our design goals, we think from several aspects:

1. How to ensure the safety of NFTmart.
2. How to maintain the sustainable development of NFTmart.
3. How to protect the interests of participants.
4. How to ensure that the interests of the participants are consistent with NFTmart's development direction.

On the basis of investigating the economic models of various blockchain projects, NFTmart decided according to its own project characteristics: choose the Polkadot NPOS consensus mechanism at the basic layer of the blockchain, referring to the Polkadot ecological economic model and asset system.

Token function

In NFTmart network, NMT token mainly has the following functions:

1. Used for staking, maintaining the NPOS consensus of the NFTmart network, and ensuring the safe operation of the network.
2. Used to provide guarantee for selected nodes.
3. Used to create and use NFT.
4. Used to purchase various services in the ecology.
5. Used to pay network transaction fees (Gas).
6. Various elections and voting for on-chain governance mechanisms.