The year 2021 is marked by the rise of the NFT industry. According to a report by blockchain analytics firm Chainalysis, the sector crossed the $44 billion mark during this period. In addition, the enthusiasm for NFTs has enabled it to protect itself relatively well against economic pressures. In a bear market. This indicates that non-fungible assets still have a bright future ahead of them. That said, despite the strong interest in NFTs, it is difficult for new entrants to break into the market. Fortunately, GhostMarket, a the market NFT, offers an intuitive platform accessible to all. Also, the start-up has recently implemented a very attractive incentive program to help traders optimize their returns over time.
What is GhostMarket?
GhostMarket is a platform specialized in non-fungible asset (NFT) trading. It is the first market place to confirm the transfer Cross chain Collectable In other words, it is possible to trade NFTs from different blockchains out there.
In addition to NFT trading, GhostMarket offers a wide range of services to enrich the user journey. Therefore, the platform is ideal for both novice and experienced builders, collectors and traders. Also, developers have a full range of tools (APIs, SDKs, etc.) to create or extract NFTs from the system.
At the moment, GhostMarket supports the following blockchain networks: BNB Chain, Polygon, Avalanche, NEO N3 and Phantasma Chain. However, future developments should include full support for Ethereum and Solana, and later, all other NFT protocols.
Why is this trading platform attractive?
GhostMarket has many advantages. The first is its ergonomics. In fact, the protocol has the specialty of facilitating the exploration of NFT technology. For example, there is a system of platform users Self mining. It speeds up and simplifies the process of NFT issuance and listing. Additionally, they benefit from a customizable navigation interface, including the ability to freely set royalty rates on each sale.
In addition, provides the platform Users of multi-channel accounts, allowing them to navigate from one network to another without interruption. In the same vein, GhostMarket offers an explorer through which it is possible to consult the different flows of the ecosystem: emissions, listings, transactions, burns, etc.
Another positive point, GhostMarket provides a service Non-custodial. Therefore, users have exclusive control over their secret keys. In this way the security of the protocol is strengthened.
Finally, the team behind the project is very active social communication and responsive to user needs.
Ghostmarket (GM) token
GhostMarket features an eponymous governance token, also known as GM. This is the end All work on the blockchain supported by the platform. To do this, the start-up has created a bridge that ensures the exchange of digital assets between different networks.
That said, GM tokens are used to incentivize community member drives. As such, they can be used to participate in decentralized governance processes and acquire new tokens for freeairdrops Monopolies also make it possible to limit transaction costs and promote certain manufacturers.
Currently, there are more than 23.9 million GMs in circulation Additionally, GhostMarket tokens are traded on the following exchanges: swap, Flamingo.FinanceMEXC GLOBAL, Pancake Swap, Demex, QuickSwap and Trader Joe XYZ. All this for an estimated market capitalization of around $900,000 (at the time of writing). It also has a total supply of 100 million tokens. It should also be noted that the token is listed on Binance, CoinMarketCap and CoinGecko.
Platform Incentive Program
The company announced its launch last month Incentive program. The goal is to set up a compensation system to distribute 6.5 million GM tokens to the most active users. It is based on parameters like transaction volume, community engagement etc. However, only networks supported by GhostMarket are concerned by competition. Half of the announced incentives will be paid by the end of October at the latest.
The delivery calendar corresponds to the following dates:
- 07/18/22 – 10/17/22: 3 million tokens (33,333 GM per day)
- 10/18/22 – 01/17/23: 2 million tokens (22,222 GM per day)
- 01/18/23 – 04/17/23: 1 million tokens (11,111 GM per day)
- 04/18/23 – 07/18/23: 500,000 tokens (5,555 GM per day)
To date, GhostMarket provides a more or less satisfactory response to market expectations in the context of NFT trading. Nevertheless, the start-up has concrete plans for the future. Recently, he throw a proposal Liquidity staking, accessible from PancakeSwap, Trader Joe XYZ and QuickSwap DEXs. The platform is expected to be launched by the end of August staking For GM tokens.