Paradox NFT Tokenomics Whitepaper 2022
A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. However, access to any copy of the original file is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with proof of ownership that is separate from copyright. The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion.
Source: Wikipedia
THE MARKETPLACE
Where You Can Buy, Sell, & Mint NFTs
The Paradox NFT Marketplace servers run on nothing but state-of-the-art carbon-free infrastructures placed strategically around the world. When you come to the Marketplace, you can rest assured that you are not contributing to the overall waste of power and natural resources that you hear about in the news. At Paradox NFT you can buy, sell, and mint your NFTs all in one place.
TO SELL NFTs
TO start selling NFTs, all you need is your artwork and a wallet. The Marketplace utilizes Web 3 wallets. You can mint your NFTs and list them on the Marketplace in a matter of minutes. We make the NFT experience more than manageable with our easy-to-use website, easy-to-understand documentation, and world-class customer support.
TO BUY NFTs
Whether you’re buying some NFTs, searching for concert tickets, or looking to add some gaming assets to your arsenal, all you have to do is connect your wallet. After connecting your wallet with the marketplace, you can easily check out using one of our in-house tokens or one of the many other cryptocurrencies we accept.
TO MINT NFTs
If you’re coming to Paradox NFT to mint your NFTs, you’ll have more than a few options to choose from. You can use traditional minting methods and store your NFTs on IPFS, or you can lazy-mint your NFTs for close to no cost at all.
PRIVACY
Your privacy is our number one priority. We will not be using any of the free analytic platforms that sell your data. We will not save any logs either.
PXBSC
Paradox Binance Smart Chain Tokens
Paradox NFT BSC (PXBSC) is a deflationary cryptocurrency token that was launched on the Binance Smart Chain on August 16th, 2021. PXBSC will revolutionize the NFT world by providing an exchange that supports multiple forms of media while supporting a wide-range of artists and other talented individuals. PXBSC is a low tax token with only 2% on buys, sells, and transfers to facilitate its use as a currency on the Paradox NFT Marketplace, Gaming Galaxy, and the Paradox Metaverse. Each respective network addition to the Paradox ecosystem will have its very own designation to the Paradox NFT BSC Token.
Standardized Tokenomics
- 1.0% to Development, Donations, and Charities
- 0.5% to Burn (for Deflationary Purposes)
- 0.5% to Liquidity
The Marketplace will live on a multi-chain exchange that provides a single hub for creators, artists, collaborators, and collectors to buy, sell and mint NFTs in a single centralized location. All while earning rewards and keeping fees to a bare minimum. The Marketplace will launch with our Binance Smart Chain token and our Ethereum token (PXETH). Our hopes are for Paradox NFT Marketplace to help in solving the many copyright and trademark infringement issues currently plaguing the community.
Paradox NFT will provide easy access to many types of NFTs not commonly available anywhere else. Also, the Marketplace will not be limited to traditional NFT artwork. Instead, the Marketplace will allow for multiple forms of NFT projects and media.
The Paradox NFT Marketplace will continuously add new features and technologies as time passes.
Types of NFT Projects & Media
- Art Marketplace
- NFT Gaming
- Fashion
- Lending Platform
- Sports
- NFT Project Development & Marketing
- Real Estate
- Infrastructure Development
- Music
- Videos
- Content Subscriptions
- Cross Chain NFT Development
- Paradox NFT for Artists & Businesses
In addition to the above services, the Paradox NFT Marketplace will provide custom services for both individuals and corporations. These custom offerings will come to light and be explained in the near future.
Paradox NFTs innovative technology, partnerships, high standards, and timing put us in a unique situation to capitalize on the incredible growth of the NFT industry by creating an innovative platform that is accessible and welcoming to all.
PXETH
Paradox Ethereum Tokens
Paradox NFT Ethereum (PXETH) is a deflationary cryptocurrency coin that will be launched on the Ethereum network at the beginning of 2022. PXETH’s launch will also revolutionize the NFT world by providing support for multiple forms of media, in addition to many kinds of artists and talented individuals. While deflationary, PXETH is a low tax token with only 2% on buys, sells, and transfers to facilitate its use as a currency on the Paradox NFT Marketplace, Gaming Galaxy, and the Paradox Metaverse. Each respective network addition to the ecosystem will have its very own designation to the Paradox NFT Ethereum Token.
Standardized Tokenomics
- 1.0% to Development, Donations, and Charities
- 0.5% to Burn (for Deflationary Purposes)
- 0.5% to Liquidity
All of the same projects and media proposed with PXBSC will also pertain to PXETH. We wanted to make transactions on the Marketplace, our Gaming Platform, and our Metaverse as simple as possible. The addition of the Etherum-based token (PXETH) will open up even more possibilities to the Paradox NFT Galaxy.
INTEGRATED SOLUTIONS
What We Have Added So Far & What’s Coming Next
Edition Drops
This is a module where the bidding for NFT is open until a specific given time. The highest bid in the given timeframe seals the deal.
Reserve Drops
This is a module where the users can bid for the NFTs within the given time. However, a reserve time is allotted, which may be about a few minutes.
Auctions & Bidding
Deeply integrated into the platform are an Auction and Bidding module.
NFT Promotions
The admin can create promotions by choosing the NFT and selecting the countdown timer and order.
Newest NFTs
This is one of the unique features which many markets do not have in place. This will attract many new users. The latest NFTs minted in the last 48 hours will be displayed under this category on the landing page. This will also help active NFT investors buy at the best price.
Teaser Video/Audio
The creator will upload the teaser video/audio, which can be played after the listing on the marketplace. Then, the users can click on play to watch the teaser video or audio.
Minimum Bidding
The creator can decide the minimum bid value for each NFT asset to avoid low pricing of the NFTs.
Lazy Minting
NFTS are minted only when sold; this way, unsold NFTs do not have high gas fees wasted.
NFT Swap
Users will have the option to bid for an NFT in exchange for another NFT from the bidding user’s side.
Admin Listing Fee
Users who want to list their NFTs will have to pay a curation fee decided by the platform.
Admin NFT Removal Option
Any NFT that the admin considers spam or malicious can be removed from the marketplace or sale without an explanation.
Multichain NFT Marketplace (Binance, MATIC, and Ethereum)
Users can mint and trade NFTs in the respective networks.
Paradox Token Payment Method
In Multichain Platforms
NFT Launchpad
Loot Box, Multichain, Importing NFTs, & Bidding with Base UI.
Floor Price & Stats
This will show the complete statistics of the NFTs available on our platform.
Option to Hide Profile
Users can mask their wallet addresses.
Concert Tickets
This module will allow our Launchpad to sell concert tickets and enable users to import their NFTs to their profiles. After a specific timeframe, the NFT will get automatically burned. The Admin will select this timeframe. Also, the ticket data uploaded to be created as the NFT will contain a QR code image which is to be manually uploaded by the Admin and approved manually to ensure no duplicates are created.
NFT De-Listing Fees
This feature will charge a certain amount to users who want to de-list their NFTs from the sale.
Coming Soon
- Lending
- Donating
- Farming
- Gas Fee in Paradox Token
- Staking
- 3D NFTs Model Support
- Loans
- Collections & NFT
- Fractionalized NFT
- Multiple Ownership NFTs
- NFT for Lyricists (Singers & Writers)
- Metaverse
GAMING PLATFORM
Paradox NFT Gaming
Multiple world-class, high-quality games are currently under active development using Unreal 5 and other premium technologies. Stay-tuned for more details.
Follow/Share Paradox NFTs Websites & Social Media Platforms:
Website: www.paradoxnftcoin.com
Marketplace: https://www.paradoxnft.com
Facebook Page: https://www.facebook.com/paradoxnft
Facebook Group: https://www.facebook.com/groups/paradoxnft
Twitter: https://twitter.com/paradoxnft
Telegram: https://t.me/PARADOXNFTOFFICIAL
Discord: https://discord.gg/N4DrjPAfs6
Reddit: https://www.reddit.com/r/PARADOXNFT/
TikTok: https://www.tiktok.com/@paradoxnft
Flickr: https://www.flickr.com/people/193854991@N06/
Youtube: https://www.youtube.com/channel/UCAz18n1UOyH1hOEO150X4-A
LinkedIn: https://www.linkedin.com/company/paradoxnft/
