NFT STARS
  • NFT STARS Vision
  • NFT STARS Introduction
    • NFT Market Problems
    • Roadmap
  • NFT STARS Core Features
    • Technical Features List
    • Management Features List
    • Fractional Trading
    • Augmented Reality
    • Multi-chain solution
    • NFT Pricing Scanner
    • DAO voting
    • NFT Mania
    • NFT STARS accounts
    • NFT STARS drops
    • Initial NFT Offering
  • SIDUS: NFT Heroes Collection
    • What ‘SIDUS: NFT Heroes’ Is
    • How and Where to Buy Your NFT Hero
    • What Galaxy Modificator Is and How to Upgrade Your NFT Hero
    • Collection Rarity and How to Check You NFT Hero’s Rarity
    • What Galaxy Staking Is and How to Stake an NFT Hero
    • SIDUS: NFT Heroes Roadmap
    • SIDUS Lore and Philosophy
  • Native Token NFTS
    • NFTS Token Use Cases
    • Token Allocation
    • Contract
  • Audit
  • Legal
  • Social media
  • FAQ
  • Guides
    • How to buy NFTs on NFT STARS
    • How to apply to be an artist
    • How to create an NFT on NFT STARS
    • What are NFT standards and how to choose one?
    • NFT STARS Submission Guidelines
    • NFT STARS Auctions
    • Which wallet is perfect for buying NFTs on NFT STARS?
    • How to connect a MetaMask account
    • How to connect a WalletConnect account
    • How to connect your MetaMask to Binance Smart Chain and the NFTS token
    • What is an NFT and how do you buy one?
    • What is an NFT and how do you store one?
    • A guide to NFT STARS auctions and drops
    • How the royalty system works
    • How and Where to Buy AVAX for Using NFT STARS on Avalanche
    • How to get MILK2 for NFTS tokens
    • How to buy ETH
    • What is Gas?
    • A guide to NFT STARS types of sales
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  1. Native Token NFTS

NFTS Token Use Cases

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Last updated 3 years ago

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The NFTS token performs a number of functions, as follows:

Encouraging marketplace users. Platform users will receive NFTS rewards for being active on the platform, by buying and selling NFTs. The rewards will be paid in proportion to the volume of their sales and purchases during the previous week, taking the market price of the NFTS token into account. The distributed reward will be split between the buyer and the seller.

Rewards and airdrops. The NFTS token will be used as a distribution token in airdrops, contests and as a reward for the most active NFT creators.

Commission and status. Users will be offered two types of accounts for the sale and purchase of NFTs. The Premium account also provides a number of special services and features, such as higher commission, special listings, visible Premium account status, advertising of artwork on social networks, free consultations with a platform lawyer and support from a personal NFTS manager.

Discount system and token burning. When buying NFT artwork on NFT STARS, the user pays a commission of either 2% or 8% (depending on the account), which is later burned, reducing the total volume of tokens. This scheme increases the value of the NFTS token in the market, increasing its price and making it more attractive to investors. Also, users will receive discounts on the purchase of NFTs if they pay using NFTS tokens.

DAO voting system. NFTS holders are members of the platform's governance system and vote on updates and changes to the platform, as well as being given the opportunity to select artists, drops.

NFTS Mania Quest. NFTS tokens will be used in future NFT quests on NFT STARS. Token holders can participate in the NFTS Mania Quest. This is an entertaining project from NFT STARS whereby users must solve various NFT riddles to open chests containing up to $135,000 worth of prizes.

Token sale and listing on exchanges. NFTS token is listed on various exchanges where users can buy and sell it, determining the price of the token in the cryptocurrency market. Also, the NFTS token acts as an investment token during the token sale period. Farming of tokens. Users can farm NFTS tokens by participating in the Initial NFT Offering and purchasing a special NFT card.