Understanding Our Unique NFT Marketplace Model
We’re revolutionizing the NFT secondary market with our unique ticketed sales system. We’ve transformed the digital asset landscape, offering a win-win model that empowers sellers to swiftly monetize their NFTs at full price while buyers acquire valuable assets at a fraction of the cost.
Here’s a quick and easy explanation of the ticketed sales system to help you master it.
The Ticketed Sales System
eesee’s ticketed sales system is a distinctive, innovative feature that aims to boost seller revenue and offer users risk-free entries to acquire coveted NFTs. Essentially, it transforms the traditional process of NFT acquisition into a system that mirrors a lottery or raffle.
Here’s how it works:
Step 1: Ticket Sales
When a Seller chooses to sell an NFT on the platform, they opt for a ticket-based sale instead of a fixed price or auction. The seller has the ability to determine the number of potential purchasers for their offer, and the cost to participate in the potential purchase will be evenly distributed among them.
The seller sets the price for each ticket, varying from a nominal sum to any amount they believe the market can sustain. The goal is to sell a maximum number of tickets, potentially generating more total income than a single direct sale.
Step 2: Ticket Purchase
On the buyer’s side, purchasing a ticket allows them to acquire the high-value NFT. However, unlike traditional auctions, where the highest bidder wins, in this case, the winning ticket is chosen randomly. This means that each buyer is entitled to a single ticket and stands a chance to own the NFT, thus promoting a level of fairness and potential risk mitigation.
Step 3: Selection of the Winner
Once the ticket sales are concluded, a random draw occurs. This draw is carried out by What is called the Chainlink VRF. Chainlink VRF is a fair and verifiable random number generator (RNG) that allows smart contracts to access random values without jeopardizing security and maintaining fairness.
The holder of the winning ticket receives the NFT, effectively making them the new owner of the digital asset. The entire selection process is managed through smart contracts to ensure transparency.
Native Token Rewards Pool
Eesee’s system features a unique Native Token Rewards Pool, which collects a fraction of NFT sales fees. This pool then redistributes at least 1% of the total trade volume among participants, creating a reward reservoir for marketplace users. This mechanism allows buyers to earn tokens, adding extra value to their involvement in the ticket sales system. Members of the reward pool receive a monthly ESE token reward based on their total trading volume in NFT purchase competitions. These ESE tokens are funded by fees from NFT collection sales, split between eesee, the platform operator, and reward pool members. This strategy encourages increased buyer participation, fostering ecosystem activity and growth.
Innovating the way NFTs are sold
Eesee’s ticketed sales system is a pioneering innovation that brings a fresh perspective to the NFT marketplace. By democratizing access to digital assets, encouraging a high level of participation, and potentially maximizing sellers’ revenues, this system shows promise for the future of the NFT secondary market. As with any emerging technology, it will be fascinating to see how this system evolves and influences the digital collectibles sector moving forward.
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