Simple and profitable NFT trading

The year 2021 has been characterized by the progress of the NFT industry. According to a report by Chainalysis, a blockchain analytics firm, the sector crossed $44 billion in valuation during this period. In addition, the enthusiasm for NFTs has allowed it to defend itself relatively well against the economic stress which bear market. This indicates that non-fungible assets still have a bright future ahead of them. That said, despite the strong interest in NFTs, the market remains difficult for new players to penetrate. Fortunately, GhostMarket has a marketplace NFT, offers an intuitive platform accessible to all. In addition, the startup recently implemented a very interesting incentive program to help traders optimize their returns over time.

What is GhostMarket?

GhostMarket is a platform specialized in trading non-fungible assets (NFT). It is the first marketplace that secures transfers cross chain of collectibles. In other words, it is possible to trade NFTs from different blockchains there.

In addition to buying and selling NFT, GhostMarket offers a wide range of services to enrich the user journey. Therefore, the platform is ideal for both beginners and experienced creators, collectors and traders. Developers also have a wide variety of tools (APIs, SDKs, etc.) to create or extract NFTs from the system.

Currently GhostMarket supports the following blockchain networks: BNB Chain, Polygon, Avalanche, NEO N3 and Phantasma Chain. However, future development should include full support for Ethereum and Solana and later all other NFT protocols.

GhostMarket – NFT in auctions

Why is this trading platform interesting?

GhostMarket has many advantages. The first is its ergonomics. In fact, the protocol has the particularity of facilitating the exploration of NFT technology. For example, platform users have a system of even mining. This speeds up and simplifies the process of issuing and listing NFTs. In addition, they benefit from a customizable navigation interface, including the ability to freely set the royalty rate on each sale.

Moreover, the platform provides users of multi-channel accounts, so they can navigate from one network to another without restrictions. In the same way, GhostMarket offers an explorer through which it is possible to consult the different flows of the ecosystem: emissions, lists, transactions, burns, etc.

Another positive point, GhostMarket provides a service non-custodial. Therefore, users have exclusive control over their secret keys. The security of the protocol is thus strengthened.

Finally, the team behind the project is very active social network and responsive to user needs.

GhostMarket – Humswap Bowl NFT Collection

GhostMarket (GM) token

GhostMarket has an eponymous governance token, also known as GM. This last works on all blockchains supported by the platform. To do this, the startup has created a bridge that ensures the exchange of digital assets between separate networks.

That said, GM tokens are used as incentives to promote the drive by community members. As such, they can be used to participate in the decentralized governance process and acquire new tokens for free duringair droplets exclusive. They also make it possible to limit transaction costs and promote certain creators.

There are currently over 23.9 million GMs in circulation. In addition, the GhostMarket token is traded on the following exchanges: Uniswap, Flamingo.FinanceMEXC Global, Pancake swap, Demex, QuickSwap and Trader Joe XYZ. All this for an estimated market value of nearly $900,000 (at the time of writing). Moreover, its total supply is 100 million tokens. It should also be noted that the token is listed on Binance, CoinMarketCap and CoinGecko.

GhostMarket – Best NFT collections of the week

The platform’s incentive program

Last month, the company announced the launch of its incentive program. The goal is to create compensation mechanisms to distribute 6.5 million GM tokens to the most active users. This is based on parameters such as transaction volume, community engagement, etc. However, only the networks supported by GhostMarket are affected by the competition. Half of the announced incentives will be paid out by the end of October at the latest.

The distribution calendar corresponds to the following dates:

  • 07/18/22 – 10/17/22: 3 million tokens (33,333 GM per day)
  • 18/10/22 – 01/17/23: 2 million tokens (22,222 GM per day)
  • 18/01/23 – 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)
GhostMarket – Top users of the week

To date, GhostMarket provides a more or less satisfactory answer to the market’s expectations in connection with NFT trading. Despite this, the startup has concrete plans for the future. Recently she has blacksmith an offer of liquidity strike, available from PancakeSwap, Trader Joe XYZ and QuickSwap DEXs. By the end of August, the platform is expected to introduce strike for GM tokens.

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