SPUME: Holder Owned NFT Marketplace

Today, cryptocurrencies are becoming more and more mainstream. Million-dollar companies are now accepting cryptocurrency payments, in addition to some of the larger cryptocurrencies experiencing a boom in their value. Even big celebrities have started making crypto-related headlines — from Paris Hilton promoting LydianCoin to social media influencers promoting Binance or bitcoin. As the cryptocurrency market continues to grow and attract a wider audience, so do its opportunities for the average investor.

About Spume

Spume is a holder-owned, progressively decentralized non-fungible token (NFT) marketplace that is blockchain agnostic. Spume was created in response to the difficulties facing the NFT industry and to help overcome problems related to bad actors, fraud, and other issues existing in centralized markets.

Spume is a holder owned non-fungible token marketplace, where those who hold the SPUME token share the revenue generated from the marketplace’s transaction fees. It is the purpose of Spume to return the power to the holders, to reward community members properly, and to establish an all-encompassing platform for users to buy/sell/trade and produce non-fungible tokens on different blockchains.

This is how Spume thinks about the blockchain, which is a place where people can keep exchanging goods and services for cryptocurrencies, but on systems built by people, for people. This is how Spume works. A place where people who use it have a say in how it works and can make changes when they want to. Using Spume, you can build a decentralized marketplace where people can exchange goods and services, transaction fees are split evenly and fairly, and the users can decide when and how changes are made to the platform.

Spume wants to appeal to a wide range of people from different backgrounds. This market can be broken down into three main groups: creators, investors, and other people who use it. Spume was made to cover every part of the cryptocurrency world that we know today.

Revenue Generation from Spume

You can get a share of the 2.5% selling fee Spume Markets charges. SPUME holders who own a certain percentage of SPUME tokens each pay a 2.5% fee on the sale of their tokens. The team and DAO will not charge any extra fees, except for the 2.5% sales tax on the 2.5% sales fee. The DAO, on the other hand, owns 20% of all tokens, so they are entitled to 20% of the 2.5% selling fee and will be able to pay for their treasury with the dividends they are entitled to, as well. After the transaction fees from the Spume market, there will be a lot of opportunities to take advantage of the Spume Audience. Spume can make a lot of money from NFT projects that pay for ads on Discord, Telegram, and the SPUME website. All of these profits will go to the Spume fund that was set up by the community.

Tokenomics

The Spume token is an ERC20 token that has a total supply of 100 million and 18 decimal places, which means there are 100 million of them. This figure makes it easier to figure out how much SPUME’s market cap is and how it was done. Having a small number of Spume tokens will make it easier for community members to think about profit sharing and expected returns in a more real-world way. SPUME will also be able to have more trading pairs when its tokens go on the exchange because there will be less of them than normal. Token: It is based on Open Zeppelin’s standard ERC20 token, but it also has their Snapshot class added to it. Add the snapshot class, and we can take a picture of the Spume holder at any time. A record of snapshots is kept on the blockchain, and anyone can look at it. Snippets can only be retrieved by SPUME-approved accounts. They will be used later to vote with Spume DAO and to pay for prizes with NFT Marketplace. Everyone who owns SPUME is a DAO shareholder.

Conclusion

The NFT Marketplace, run by Spume, charges market transaction fees, which SPUME token holders are entitled to a share of. Market participants are compensated evenly and fairly for their contributions in Spume’s decentralized marketplace. Users have the authority to direct the pace of change by voting with their wallets when and how they want it to happen. As a food product, Spume aspires to appeal to people of all ages and backgrounds. Participants in this market might be classified as either creators, investors or stakeholders. SPUME was created with the goal of addressing every market segment in the current bitcoin economy. Anyone who has Web 3.0 installed can utilize the included utilities in this toolkit. It is possible for NFT projects that pay for advertising on Discord, Telegram, and the SPUME website to have a major impact on Spume’s revenues.

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For More Information Visit:

Website: https://spume.io//

Twitter: https://twitter.com/spumeio

Telegram: https://t.me/spumeio

Instagram: https://www.instagram.com/spume.io

Discord: https://discord.gg/jjsZNB6rmT

Writer:

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