Introduce
The NFT craze is currently rocking the art, games, and collectibles markets. The lives of creators and artists are changing thanks to huge sales. Even celebrities and big brands jump into the game when they see new opportunities to connect with customers and fans. But encrypting artwork is just one of the many uses of NFT. They can be used to represent ownership of any single asset. Even one day, your car ownership may be proven by the NFT.
NFT or Non-Fungible Token is a unit of data stored on the Ethereum blockchain that represents a single digital asset. NFTs are tokens and it is unique. therefore, NFTs are not interchangeable.
The reason why NFT is so commonly used today is in the digital content sector is that Most of the profits are swallowed by the platforms, the industry is not on the side of the creators. Meanwhile, NFT supports the creator economy, where creators transfer ownership of their content to use for publicity. When they sell their content, the money goes directly to them without any intermediaries. In case the owner no longer needs it and wants to sell the NFT, the original creator can still automatically receive royalties. This is guaranteed every time it goes on sale as the creator’s address is already stored and secured in the token’s metadata.

Xircus overview

Content creator Joe is currently securing and trading his digital content using NFT tokens. However, the number of customers buying his NFT tokens is increasing day by day, in order to facilitate different user transactions, Joe wishes to launch his own NFT marketplace. But Joe didn’t have the skill and knowledge to do that. That’s why Joe used Xircus because Xircus provided users with an easy and efficient NFT market creation platform. Here, everyone, whether they are artists, content creators, influencers, collectors and brands, can launch their custom NFT marketplace in just a few steps. simple . Through this, Xircus can empower users, namely artists, content creators, influencers, collectors and brands, etc., to develop the market for tokens their NFT report.

If before, most of the third party NFT marketplaces charge a fee for each user’s NFT token transaction, then Xircus is an ultimate solution for users with no fees for NFT markets third party. By creating their own NFT marketplace, users can avoid this and fully recoup their efforts.

Xircus Features

Xircus is a platform that allows users without writing a single code to deploy their own custom NFT marketplace. Users can launch the NFT marketplace instantly with just a few simple steps without any coding or experience. But that’s just one of the features of Xircus, Here are some other features of Xircus.

The first feature of Xircus is Low Cost Technology. Users can directly develop the NFT market for free with smart contracts and technology infrastructure provided by Xircus. Besides, No need to spend extra money to develop NFT market, users can develop local NFT market with global reach. Xircus will help users promote to other markets.

The second feature of Xircus is its own user ecosystem. People can start welcoming creators, grow their own NFT marketplace, and collect content from anywhere. Through its API, Xircus allows users to log in anonymously using a unique nonce encrypted by the wallet. Furthermore, Xircus can handle millions of requests and is secured with anti-DDoS technology by the Xircus infrastructure backed by dedicated and high-speed servers.

Xircus provides front-end libraries to integrate with existing user code bases in Vue, React, and Angular. Therefore, Users need not bother developing the look and feel of their NFT marketplace.

Finally, Xircus has a great technology roadmap. With the current development momentum, Xircus will develop more features to meet different needs of users such as e-wallet application, chat booking feature and Xircus TV application in the near future.

Tokenomics

Xircus has 2 tokens, Xircus DAO Tokens (XIRCUS) and Xircus Marketplace Token (XMT) that will support the operation and development of the platform. The XMT token is a commonly used token for markets and is paired with a stable token. And tokens for signup, upgrade, staking, voting, and feature recommendation, with built-in DeFi features allowing holders to receive XMT for holding using XIRCUS tokens. I believe that with the support of 2 tokens DAO Tokens (XIRCUS) and Xircus Marketplace Token (XMT), Xircus will continue to grow in the future.

Specifically, $XIRCUS Token is a DAO token, used to recommend platform features, manage ringtone managers, vote on the market to increase reputation, upgrade features of the market or the user interface, and the proxy market (receiving shares from the market revenue) by placing the token in a proxy pool opened by the administrator.

Whereas $XMT Token is again a reflective token for $XIRCUS it is an alternative or optional token for the market if RINGMASTERS don’t want to create their own token or any other token BEP20 is available now. with only 1000$ XMT added to the liquidity for every deployed market every time the liquidity pool is filled from the 10% profit shared by Xircus.

With Xircus, users do not have to sell their tokens through a third-party marketplace. This allows them to save a lot of money and not have to spend thousands of dollars on third parties like before and get the work they really deserve. Besides, their non-fungible asset sales time is also faster as they don’t need to wait months to launch their own custom NFT marketplace to sell their non-fungible assets. Advantages like perpetual royalties, No sales commissions, almost absolute control of their market not only empowers Creators, NFT Collectors and DAPPs but also benefits Users Hold the token and the Xircus Ambassador. Furthermore, users have complete freedom to choose a blockchain network of their choice.
We hope this article of mine will help you learn more about Xircus. Follow me for more cool projects!

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author : Snapexti
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