Crypto Academy Week 12 - Homework Post for [@levycore]

in SteemitCryptoAcademy7 months ago (edited)

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Hello Professor @levycore, I hope you are feeling well.
The research for this assignment helped me to learn more about this emerging world of NFTs.
It even provoked me to do one hahahaha.

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Select the NFT market that you want to try to sell and buy NFTs and why did you choose this market

In this publication we will talk about IOI Games with its game Trade Race Manager. This project is based on the mechanics of a virtual racing videogame that is determined by a trade that users make. Depending on what happens from the minute in which we start the race until the last second in which it ends, depending on that, we win or lose.
For example, if we make a bet that the market will go up and if, depending on how long the race lasts, that is what happens, we would end up winning. These bets can be made individually, betting against the market in general, or competing with other people on the platform, and thus, the person who has the most accurate trade will end up winning the bet.
It is appropriate to note that this platform bases its operation on NFT, which stands for Non Fungible Token, basically collectible tokens. There are different projects with hundreds of different initiatives, however, sometimes NFT are criticized for not having a real operation.
That said, we selected IOI Games to give a more entertaining matrix to investing in NFTs. It's not just something you have to watch, it's something you can modify to use and compete. IOI Games implements not only NFT, but allows access to the entire blockchain space: we can compete, bet or sell the car on the open market, such as Arkane Network, which is one of the largest open NFT marketplaces out there so far. Moreover, if we buy the full edition, we can get a rare car that allows us to double its rewards.
On the other hand, IOI Games is preparing a family of NFT's such as tracks and equipment. One of the utilities of this token within the IOI Games platform is to buy NFT's and get as a reward bets up to 24% APY. NFTs are available exclusively on Arkane Netwotk marketplace at pre-sale prices, Arkane has the unique feature that you can purchase the gambling items through paypal, otherwise NFTs will be available on their platform through cryptos. The main advantage is that all NFT transactions will be executed on the Matic network with low fees.

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How to Buy NFT.

1- We open in our browser https://traderacemanager.com/


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2- Select "Register for free".


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3- We can register with our email or MetaMask account.
(In this case we will do it with the email).


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4- We enter our data and accept the terms and conditions.


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5- We enter our email address and verify our account.


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6- Select a colour.


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7- Select a Crypto Team.


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8- Once on the main page, scroll to the bottom and select IOI Token.


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9- In this menu, we find different options. To buy select "Buy NFT".


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10- Select the NFT we want to buy and click on "See Details".


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11- In this panel we can get different information about the NFT we are about to purchase.


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12- Select our payment method.


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How to Sell NFT.

1- Inside IOI Wallet we go to My NFT's.


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2- Go to one of our NFT's and select Sell.


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3- Inside the Sell menu we select our assets and fill in the data to sell our NFT's.


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Mention and explain the advantages and disadvantages of the NFT market you have chosen.

Among the pros and cons found in the ioi games platform we can highlight that it allows to represent in a unique and unrepeatable way these digital and real objects that we have within our blockchain. also unlike other sites to trade NFT, IOI Games, being a company experienced in the development of interfaces for online records is less susceptible to suffer an irreversible hacking. also appropriate to mention that this nft platform can be adapted to any blockchain. Now while developing nft is not infallible or complete in terms of functionality it does represent a disadvantage and it is easily replaceable by another similar token, managing nft can be expensive especially if your network is congested and your commissions are skyrocketing.

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Conclusion.

Within the NFT market, IOI Games offers an innovative take on this art-related trend in the blockchain ecosystem, allowing to give tokens an additional utility and thus end the trend of intangible NFTs. Its convenient interface allows to interact with it in a straightforward way and the easy manipulation gives the user the opportunity to squeeze the most out of his investment.

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Thank you very much for this assignment professor!
I hope I have covered the quality standards, and I really liked this topic.
I value your time and dedication.


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Hi @cryptomaniatic, Thanks for submitting your homework

Feedback:
Well done.. you have explained well about how to buy and sell NFT on traderacemanager.com

Rating : 7

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