BitMart, a premier global digital asset trading platform, will list Utility NFT Coin（UNC） on their digital assets platform on April 29, 2022. For all BitMart users, the UNC/USDT trading pair will be officially available for trading at 5:00 AM EDT.
What is Utility NFT Coin marketplace?
Utility NFT Coin marketplace is an integrative platform wherein NFT creators, and enthusiasts buy and sell NFTs. The inclusive marketplace provides artists and content creators opportunities to obtain financial remuneration for their works. The platform functions as an augmented marketplace wherein artists of
various niches can tokenize their content and get worthy economic value. In essence, a comic artist has the same rights as every artist in the marketplace. Every NFT in the marketplace has both intrinsic and extrinsic value, so the value is not constant. Hence, the platform integrates a bidding feature wherein enthusiasts can place bids for a listed NFT. Artists can set the bidding period for 7days, 21 days, or a month. The NFT will be owned by the highest NFT bidder at the end of the bidding cycle.
Utility NFT Coin marketplace
Utility NFT Coin marketplace is an integrative platform wherein NFT creators and enthusiasts buy and sell NFTs. The platform functions as an augmented marketplace wherein artists of various niches can tokenize their content and get excellent economic value!
NFTStaking
The NFTStaking feature is integrated into the marketplace to give users more earnings. This feature enables token holders to stake an NFT to receive the UNC tokens. Hence, similar to the traditional staking system, token holders lock their assets in the platform in order to receive rewards based on the annual percentage yield APY and the number of NFTs staked. All through the staking period, the user cannot sell their NFTs. Tokens earned as rewards in the platform can be used to purchase in-game items or pieces of art.
Utility NFT Coin gaming
The Utility NFT Coin gaming is an interactive car racing blockchain game wherein gamers compete to earn rewards. Players have total control of their cars and can earn in-game assets by achieving milestones in the game.
Practice Mode
The gaming platform integrates a practice mode with 5 trials for every new gamer. Hence, before participating in any of the games, new players can leverage the practice mode to get an overview of the race and hone their skills in preparation. The player does not own the assets and coins won in the practice mode. Players have to get into the actual game in order to win tangible rewards.
Non-Fungible Token
One of the most popular topics in blockchain circles is the new type of digital asset known as an NFT. Short for ‘Non-Fungible Token’, NFT is a unit of data stored on a blockchain. It certifies and ensures that the stored digital asset can not be replicated. In simpler terms. It is a certification of authenticity and the unique nature of a particular digital asset. Even though the whole concept of digital ownership is still in its infancy, there is a well-founded argument that complete transparency in ownership could potentially increase the value of unique digital artwork.
In the simplest terms, an NFT (Non-Fungible Token) is a unit of information kept on a blockchain that verifies digital assets as completely unique and therefore not interchangeable. They are one-of-a-kind and impossible to duplicate or replace, which means that only a single instance of a particular token can exist.
NFTs can represent a range of digital files, such as audio, images, videos, etc. They are often used for selling a wide array of virtual collectibles, like trading cards, music, digital images, video files, virtual real estate, and more.
NFT Staking users in the Marketplace
The majority of NFT holders leave their tokens in their wallets with the hope that the tokens will increase in value overtime. During this waiting period, the holder gains nothing. However, the integrative staking feature can be leveraged to put tokens to work for an added return. NFT holders get rewards depending on the proportion of the total pool, while the staking process compels more people to participate in the marketplace and increases the demand for more stakable tokens. Users can sell their reward tokens in exchange for immediate economic value or use them to mint more NFTs in the marketplace.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 9 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Utility NFT Coin
UNC is an all-inclusive decentralised de-fi social NFT marketplace, where NFT creators and enthusiasts can: trade high-value tokenised assets, and become a part of an expansive social community of NFT enthusiasts. Utility NFT Coin marketplace is an integrative platform wherein NFT creators and enthusiasts buy and sell NFTs. Utility NFT marketplace will be first of a kind de-fi social marketplace where NFT artists and buyers can post, share and comment on various NFT’s thereby deriving a social and a utility value for it. The platform shall also contain features such a follow artists, group chats, group shout-outs, etc to help creators pump the value of their NFTs. The platform also functions as an augmented marketplace where artists of niches can tokenise their content and earn economic value! The Utility Coin NFT marketplace integrates features that enable users to make seamless transactions. Participants can Create NFT with NFTcreate, Purchase NFT, NFT SWAP, and NFT Staking.
UNC NFT platform is the only NFT marketplace that provides upto 400% APR in Staking
To learn more about Utility NFT Coin, please visit their website, follow their Twitter and join their Telegram.
