The early days of NFT, the name CryptoKitties was created the stormy in Crypto market when it caused stuck the Ethereum network at the end of 2017. Now after more than 3 years of growth, the NFT ecosystem has gradually improved with many diverse pieces.
June 21, 2021 —
When you hold NFTs and crypto currency, you own two types of assets on-chain. In other words, NFT and coin share the same characteristics of blockchain: decentralize and anonymous.
In addition, you can store NFT on a blockchain wallet, buy and sell similar to crypto currency. The NFT market has now developed with many marketplaces - marketplaces with all kinds of things for us to search and collect.
In the NFT Marketplaces, NFT Dragon Ball is committed to becoming the world's most professional NFT decentralized trading market. It is divided into two parts. The first part NFT Dragon Ball 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 NFT Marketplace trading website. For users to upload or trade NFT conveniently and quickly.
NFT Dragon Ball is a development based on a substrate architecture, which is naturally combined with Binance Smart Chain Ecology. The entire network cross-chain model will bring unlimited possibilities for NFT trading.
Participating role in NFT Dragon Ball Marketplace
In the NFT Dragon Ball ecosystem, there will be multiple parties. They have different needs. According to the way each role participates, we divide them into: validators, nominators, merchants, and sales. The first two are the basic guarantee for the operation of the blockchain, and the latter two are important participants in the NFT Dragon Ball ecosystem. Each person participating in the NFT Dragon Ball ecosystem may play multiple roles at the same time.
Validator: The validator is responsible for the nodes that package and generate blocks in NFT Dragon Ball, and maintain the operation of the entire blockchain network. Validators need to pledge $Draba tokens and need to stay online continuously. The validator nodes participating in the network can obtain separate package rewards and the reward sharing of each cycle of the blockchain, but they also need to bear the risk of being fined and confiscated.
Nominator: The nominator is an account that provides guarantees for any one or more nodes in the NFT Dragon Ball network. An account with an $Draba pass can become a guarantor, and the guarantor provides a guarantee for the stability and integrity of the node's service with the $Draba held by the guarantor. The guarantor can share rewards with the guaranteed nodes (the specific ratio is determined by each node). If the node is punished, the guarantor will also bear the penalty according to the proportion of the guarantee.
Merchant: Merchants are the core users of NFT Dragon Ball ecosystem, and they provide product mobility. In addition to the GAS fee, other costs will be incurred during product listing and product management. Merchants can also pay $Draba to purchase ecological third-party services (such as storage, display rankings, etc.).
Sales: Sales personnel are in the role of intermediary, matching business and customer transactions. Sales staff can obtain corresponding funds during the sales process. To become a seller, you must mortgage a certain amount of $Draba
$Draba is the utility native token works completely decentralized, community driven and plays an importance role in NFT Dragon Ball Market Place. Its value is positively related to the scale of the NFT Dragon Ball network. When NFT Dragon Ball network is used by more people, organizations, and institutions, the demand for $Draba will increase accordingly. The more $Draba you own, the more value you will have.
Key features in tokenomic of NFT Dragon Ball Marketplace
In each trade, the transaction is taxed 8% fee, which is split in 3 ways with 3 key points as below:
Mint $Draba just by hold $Draba
4% fee shall be distributed to $Draba holders. The more $Draba you own, the more $Draba you will be rewarded per each transaction. The longer you hold $Draba the more profit you will receive. This is special mechanism for $Draba long-term holders and attract long-term holders in the world.
Liquidity pool protection to ensure sustainable development:
3% fee shall be added to the liquidity pool on pancake to ensure the sustainable development of $Draba. With this mechanism, $Draba will protect the liquidity volume for trader.
Deflation mechanism to decrease the total supply by burning $Draba in every transaction
1% fee will be used to burn $Draba in every transaction. With this smart mechanism, the token supply will be reduced thanks to burning function in each transaction
Release ID: 89029639