Road Town, 08 May 2022 (GLOBE NEWSWIRE) – On May 5, 2022, an emerging NFT platform, Spume, announced the ICO of the original $ SPUME token on the KuCoin cryptocurrency exchange making it available for public sale. Let’s find out why Spume is the future of digital and physical asset trading without third party mediation.
Enter Spume – whose vision is to eliminate all intermediaries who prey on individuals in the trade of digital and physical goods.
What is Spume?
Spume is an NFT marketplace that replaces intermediary needs and costs with intelligent contract technology. The platform’s activity covers a variety of markets, meaning everything from artwork to real estate can be tokenized and sold on the Spume trading platform.
SPUME is the original NFT token from the Spume marketplace, which will be used for operations on the platform, as well as to distribute the proceeds of NFT sales among all token holders.
|Protocol||ERC20 Open Zeppelin|
|Volume issues||100 000 000|
Because of the smart contract on the Ethereum network, SPUME tokens will engage in transaction automation by eliminating any intermediaries that charge unreasonable service fees. The main goal is to allow users to buy and sell properties at the lowest service cost.
From each transaction, Spume collects 2.5%
Instead of charging a large percentage for transactions, the NFT Spume marketplace sets a fixed service fee of 2.5% for any transaction. This service fee may be changed by decision of the DAO.
Profits in the form of 2.5% are distributed among SPUME token holders.
All income received on the Spume trading platform is distributed evenly among all SPUME holders. The market team will not charge additional fees unless 2.5% remains.
Thus, Spume creates a transparent and community -supported marketplace that allows people to give tokens and trade property at minimal cost to all parties who transact without intermediaries, banks, or dishonest entrepreneurs.
What can people sell in the Spume market?
Currently, the Spume platform covers three main markets: the real estate market, the NFT art market, and the digital intellectual property licensing market. Soon it will be possible to trade more assets because any item in the digital and real world can be tokenized.
Real estate without intermediaries
Spume, which is based on blockchain technology and smart contracts, offers real estate tokenization services that automate the escrow process. It allows one to reduce the cost of services for owners and buyers of real estate.
The real estate sale process will include 2 stages:
- Tokenization: first a legal audit of the property, then NFT “minting”, which will list descriptive and legal data about the property, including audit scores, reports, images, and even videos. All of this would be a kind of real estate “database”.
- Sold in the market: The property will be sold as NFT at a pre -determined price. During the sale, the price will change depending on market conditions and the demands of the property. The buyer of the NFT is the owner of the property. All legal aspects of the transaction will be subject to U.S. rules regarding reporting and transfer of ownership.
The first major area that will focus on the Spume market is the buying and selling of residential buildings using Ethereum stablecoin. The market will simplify transactions from start to finish by automating escrow, minimizing the use of real estate agents, and reducing the number of documents confirming ownership.
In addition, Spume creates 1) its own credit service based on stablecoins, and 2) the opportunity to get real estate -based crypto loans up to 120% LTV. More information on tokenization, mortgages, and the loan process is in the Spume White Paper.
NFT Artwork Platform
On the NFT Artwork platform, even those with little or no experience creating NFT will be able to create and sell digital art without having to fill a crypto wallet. The Spume Market will work with the NFT ERC721 and ERC1155 standards. Functions of the NFT Art Market:
- NFT listings for quick buys and auctions;
- buying and bidding at NFT auctions;
- the ability to create collections (NFT in one contract).
The Spume Marketplace will launch on Ethereum and incorporate the best of OpenSea and Rare Looks. Spume’s intelligent contract will be written in Solidity and can be used with any EVM-compatible blockchain meaning Spume is a true multi-chain platform. Spume will support EVM -compatible blocks such as Polygon (Ethereum level 2), Moonbeam (Polkadot blockchain), and Binance Smart Chain.
You will be able to tokenize music, software, and other forms of digital property on the Spume digital licensing platform. Videos, music, ideas, plans, and even individual messages – every bit of data can be licensed, standardized, and sold. Tokenization of this information is done through NFT, which can then be sold or purchased on Spume’s internal marketplace.
Within the marketplace framework, users will be able to create a catalog of digital property tokens and licenses. Thus, interested buyers will be able to purchase the available licenses and confirm the rights to use this property on the blockchain.
Who will benefit from the NFT Spume market?
Everyone is tired of paying high service fees when selling physical and digital assets. The way Spume designed it targets every corner of the cryptocurrency space as we know it today. There is a utility available to every Web3 user built into this apparatus.
Want to join the project now? Spume is currently in the private sale stage, but will be available to the public. Click the link to join the project: Sale spume.
More information about the Spume project can be found here