Monnfts is an issuing platform and creator-oriented NFT marketplace that uses the MONNFTS (MON) token to allow users to actively interact with the protocol. The project will introduce new features shortly. A preview of the new features will be available in early January 2022.
What is MON token?
The MON token is the MONNFTS issuing platform’s token to allow users to actively interact with the protocol.
MON platform users can easily create NFTs for unique digital objects such as works of art. The platform offers users a fully featured marketplace that is filtered and sorted by different categories to create a smooth and easy user experience.
Anyone can create and publish NFTs on the Monnfts Marketplace. The MON token is a fundamental pillar of the platform as it is used as the default currency for buying / selling NFTs and is involved in the governance of the protocol.
Tokenomics
The token release schedule is available at: https://docs.monnfts.com/the-monnfts-token-mon
MON helps creatives to shape and auction their digital art as NFT on BSC. When collectors bid, they offer a new value system for online printing.
Monnfts.com is committed to accelerating the real world transition to cryptocurrency. The main functions of Monnfts include:
- Visual Art: Upload and sell your visual works of art as NFT using simple drag / drop solutions. The market is easy to use and operate with very low transaction fees.
- The best way to organize music: there is an area on this platform dedicated to musicians and audio executives. Monnfts will introduce unique features for musicians and the music industry.
- Authentic: Every digital creation on the NFTs Marketplace is digitally signed by the creator, permanently recorded and verified via the blockchain.
- Unique: Each digital work is published as a single digital version. Blockchain technology enables creators to ensure that only a limited number of authentic versions can be owned, thereby ensuring the scarcity and uniqueness of the digital work.
- Ownership: Purchasing a single digital work means you have full ownership of the work, which is then transferred and stored in your digital wallet for safekeeping.
Monnfts was founded by a passionate group of skilled technologists and innovators who have seen firsthand the inequality of immense value that digital creators create. The aim of the project is to change that.
“Dung Le and I founded MonNFTs as an open, decentralized marketplace for all types of digital goods – from gaming items, digital collectibles to digital art. We enable users to buy and sell NFT on MON tokens (BSC) that are compliant with open standards (currently BEP-20). For game developers, we now offer an open storefront creation process where developers can instantly get a customizable marketplace for their items without having to worry about building an auction infrastructure themselves“- said Henry Tran, founder of Monns.
The highlight of Monnfts is that it functions as an “all-in-one” for NFT, marketing and DeFi. Monnfts has a ton of features including:
- NFT Marketplace: A marketplace for NFT products from artists.
- CryptoPop: 200 unique collective symbols stored on BSC with certified proof of ownership. They are fun little 24 × 24 pixel art characters that are algorithmically generated and encoded.
- M2C: Affiliate network that works on the CPA and CPO model
- Trading: Provides exchange / trading functions and liquidity – similar to Uniswap.
- Earn: Provide liquidity to AMM DEX for rewards
- Launchpad: This is a token launch feature that is similar to Launchpad in the Binance ecosystem.
Every digital creation available through Monnfts is an authentic and truly unique digital creation that has been signed and approved by the creator – supported by blockchain technology. Even if the digital work is copied, it is not the signed and authenticated original version.
Monnfts Marketplace: Marketplace to take Artists centered With NFT products and License fees
After one year of preparation, Monnfts launched its marketplace on January 1st, 2022. The new NFT marketplace will be artist- and creator-centered. This marketplace will help creators mint and auction their digital works of art as NFTs on BSC.
$ MON is based on BSC. This enables Monnfts and $ MON to work with low transaction fees and no enrollment fees for voied artists.
This token was started offline on November 1st, 2021 on PancakeSwap without pre-sale. “The license fee will take the empowerment of artists and creators to the next level,” commented Henry Tran, founder of Monnfts.
“When you create an NFT, you can set a percentage as royalties on secondary sales. For example, you create an NFT and sell it for 0.2 BNB and set the royalties at 10%.
When it comes to secondary sales, your buyer is selling your NFT at a higher price for 0.5 BNB. This is where the licensing system comes in. As an original content creator, you will receive 10% of these 0.05 BNB sales.
If Creator (A) sends / transmits NFT to B, A receives a license fee of 10% of the NFT if B sells NFT to C ”- explained Henry further.
The license function to use is very simple:
- Enter App.monnfts.com, find “Create” in the menu bar and click on it.
- Click the user icon, navigate to the NFT information. Click the Royalty button and enter the license fee.
- Click on “Set license fee”.
Monnfts is the ultimate platform for creating, discovering, trading and using digital assets in the blockchain. They are decentralized, and unregulated, so any user or brand can discover, test, and monetize their NFT content. The protocol has the following unique selling points:
- Decentralized Trading: Trade directly with every user on the platform through automated and publicly audited smart contracts hosted in a robust and proven BSC environment.
- High performance, low fees: BSC enables Monnft’s transactions in an extremely fast and secure environment with limited fees for end users.
- Low Commission Rate: A low commission rate is a way to give back to the community and give more back to end users and creators.
With a focus and mission to bring P2P commerce, NFT and Defi to the masses, Monnfts believes it is better positioned than ever to bring billions of dollars worth of opportunities to the mainstream. The team will actively begin targeting the mainstream of users this year.
For more information on how to get started, please visit the official website: www.monnfts.com
About Monnfts
Monnfts is an issuing platform and creator-oriented NFT marketplace that uses the MONNFTS (MON) token to allow users to actively interact with the protocol.
Contact:
Email: [email protected]
Website: www.monnfts.com
Disclaimer: This is a press release, not investment advice. Before you act, do your research carefully. We are not responsible for your investment decisions.
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