INTRODUCTION
There are several open-source market smart contracts that are rigorously tested, but two of the best in our opinion are OpenSea's and LooksRare's. OpenSea smart contracts are over 4 years old and require use of proxy contracts to upgrade. LooksRare smart contracts combine off-chain and on-chain data using an EIP-712 signature to create an easy-to-read and user-friendly experience. Instead of proxy contracts, they have deployment contracts that outsource most of the work to a number of modulated contracts whose purpose can be changed. For this reason, and a number of other technical reasons, we plan to build from LooksRare smart contracts.
The functionality of the NFT Marketplace will at first closely mirror that of LooksRare. Our end goal however is to create a similar experience to that of OpenSea. Primarily meaning we equip those who have little to no experience minting NFTs, with the ability to mint and sell through our site without needing to fund their wallet.
The types of NFT’s we interact with will follow the standard OpenSea has helped standardize, ERC721 and ERC1155.
Our initial NFT Marketplace functionality will include:
- Listing NFTs both for instant buying or for auctioning
- Buying and bidding on auctioned NFTs
- The ability to create collections (NFTs under a single contract)
- Collection holders, floor price, volume, and percent change in price
- Individual NFT trades and prices at those trades
Spume is a holder of the Non-Fungible Token (NFT) Marketplace, where those who hold the SPUME token share the revenue generated from market transaction fees. Spume's goal is to return power to its holders, reward community members fairly, and create an all-encompassing platform for users to buy, sell, trade, and create non-exchangeable tokens across multiple blockchains. By achieving this goal, Spume will become the first truly decentralized and autonomous community, marketplace and token for NFT.
With modern blockchain technology developing every day, we are often overwhelmed by the congestion, confusion, and complexity of it all. However, one area of the blockchain market that has gained more fame than ever in the past year is the realm of NFT. The recent influx of capital and attention into the NFT market is not temporary, nor is it downwards direction. From an educated and strategic analytical point of view, we anticipate global adoption of NFT by the mainstream population – including those who currently lack knowledge or involvement in the cryptocurrency industry. This broad adaptation gives the market a better way to buy, sell, and transfer NFTs. Not only an intuitive system is needed to achieve this, but a system that fits the narrative of a truly decentralized platform, which rewards ALL stakeholders, and allows them to be involved in the formation and creation of new, ever-changing ideas.
FEATURES
- Buy & Sell NFTS: A marketplace for buying, selling, and auctioning
- Create Collections: Easily mint and create new NFT collections
- Hold SPUME and Earn: Revenue sharing for SPUME holders
- Available Globally: Anyone, anywhere can participate
Problem
OpenSea is the largest NFT marketplace and currently charges 2.5% on every transaction through their website. In the last 30 day (as of Jan 3), they facilitated over $2.3 Billion in volume, meaning they charged NFT traders over $50 million. Aside from the cost to use their platform, they are a centralized platform who has power over censorship and every facet involved with the listing and trading of NFTS through their site.
OpenSea is the largest NFT marketplace and currently charges 2.5% on every transaction through their website. In the last 30 day (as of Jan 3), they facilitated over $2.3 Billion in volume, meaning they charged NFT traders over $50 million. Aside from the cost to use their platform, they are a centralized platform who has power over censorship and every facet involved with the listing and trading of NFTS through their site.
Solution
We will create a decentralized autonomously governed NFT platform where we still charge 2.5% on every transaction, but that fee is payed out evenly to SPUME holders. This incentivizes those who use the platform to hold SPUME and participate the governance. Decisions on large updates to the marketplace and additional utilities will be voted on by SPUME holders, removing power from one centralized source and returning it to the actual users of the platform.
SPUME DAO
A decentralized autonomous organization allows a group of members to work together without explicit mutual trust. Members are defined as those who work for the DAO. In our case, Spume will have a number of members working together to grow and improve the NFT Marketplace. It should be noted that shareholders and members do not have to be separate. The system will be governed by smart contracts (potentially multiple in the future), so the direction that Spume members build is regulated by shareholders.
Members & Shareholders: There are two types of individuals within the DAO: members and shareholders. Members are people who work for the DAO, getting paid from the DAO Treasury, which is funded by the DAO’s Dividends. Shareholders are people who do not work for the DAO but hold any number of Spume. It should be noted that individuals can be both members and shareholders of the DAO.
Shareholder’s Ownership and Voting: Everyone who owns Spume tokens is a shareholder of the DAO, and therefore is entitled to vote on proposals made by members. Every shareholder can vote once on any vote, and the value of their vote is weighted by the number of Spume tokens they own. This data will be taken from snapshots of the SPUME token.
Treasury and Dividends: Just as shareholders are paid out dividends from the 2.5% Marketplace fee, the DAO is paid out dividends. Because the DAO holds 20% of all SPUME tokens, they are entitled to 20% of the Marketplace’s 2.5% fee. Instead of being paid out to an individual wallet, these dividends are paid out to the DAO Treasury smart contract, which in turn will payout dividends to the individual members of the DAO. This is how the members who participate in the DAO will be paid.
SPUME TOKEN
The spume token (ticker: SPUME) is an ERC20 token with a total supply 100 million and 18 decimal places. The token is Open Zeppelin standard ERC20 token implementation, with addition of their Snapshot class. Adding the snapshot class allows us to take a snapshot of the current Spume holder at any time. Snapshot information is stored on the blockchain, and can be accessed by anyone. Snapshots can only be taken by accounts we authorize, and will be used later for voting purposes with Spume DAO and potentially for paying prizes with NFT Marketplace. Anyone who holds SPUME is a DAO shareholder (more on this in the next section).
SPUME TOKENOMICS
Tokenomics Spume is handcrafted by industry and blockchain experts. Our tokenomics is based on our main goal as a project and with our community as the main focus. Token utility, price stability, and community security are the core ingredients that make Spume tokenomics.
There is a total of 100,000,000.00 (100 Million) Spume Tokens. This figure allows our market cap to be interpreted easily and achieved more easily understood. Having a relatively low supply of Spume tokens will help community holders assess profit sharing and anticipated returns in a more relatable way. Also, having our token supply lower than usual will allow us to have more trading pairs when our tokens are listed on the exchange. This is especially important when tokens are paired with high-priced coins, as many exchanges only allow tokens to have a certain number of decimal points for their price.
The Spume token supply is distributed as follows:
PROTOCOL 1.0
Tokenomics Spume is handcrafted by industry and blockchain experts. Our tokenomics is based on our main goal as a project and with our community as the main focus. Token utility, price stability, and community security are the core ingredients that make Spume tokenomics.
There is a total of 100,000,000.00 (100 Million) Spume Tokens. This figure allows our market cap to be interpreted easily and achieved more easily understood. Having a relatively low supply of Spume tokens will help community holders assess profit sharing and anticipated returns in a more relatable way. Also, having our token supply lower than usual will allow us to have more trading pairs when our tokens are listed on the exchange. This is especially important when tokens are paired with high-priced coins, as many exchanges only allow tokens to have a certain number of decimal points for their price.
The Spume token supply is distributed as follows:
- 20% - Public Sale
- 20% - DAO Treasury
- 15% - Early Backers
- 15% - Private Sale
- 15% - Team
- 10% - Liquidity
- 5% - Marketing
PROTOCOL 1.0
- Branding
- Angel round
- Publications
- Private sale
- Initial marketing push
- Coin market cap & coin geck
- Launchpad
- Dex listing
- Exchange listing
- NFT marketplace launch
- On-boarding hottest NFT drops
- Brand Ambassador Program
- Strategic Partnerships
- NFT marketplace upgrades
- DAO implementation
- Community events
Contact Information
- Website: https://spume.io/
- Whitepaper: https://spume.io/wp-content/uploads/2022/01/spume-white-paper.pdf
- Twitter: https://twitter.com/spumeio
- Discord: https://discord.com/invite/jjsZNB6rmT
- Instagram: https://www.instagram.com/spume.io/
- Telegram: https://www.t.me/spumeio
- Tiktok: https://www.tiktok.com/@spume.io
- Token Contract Address: 0x0e9776bef2b9ad81759e6d304d22d3c1b1f26087
Profile : https://bitcointalk.org/index.php?action=profile;u=2750501
ETH : 0xE42555f44ff0d1f38C56540b3FFA4428734dD775
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