Spume is a holder owned NFT Marketplace, where those who hold SPUME share in the revenue

Lauria Lambolia
5 min readMar 3, 2022

Those who own the SPUME token can participate in the marketplace’s transaction fee revenue, which is distributed to SPUME token holders. The goal of Spume is to return power to the holders, reward community members fairly, and create an all-encompassing platform for users to buy, sell, trade, and create non-fungible tokens on multiple blockchains. Spume will become the first truly decentralized and autonomous NFT community, marketplace, and token if these goals are met.

SPUME are often overwhelmed by the congestion, confusion, and complexity of modern blockchain technology. NFT, on the other hand, is a part of the blockchain market that has gotten more attention than any other in the last 12 months. It is unlikely that the recent inflow of capital and attention to the NFT markets will be short-lived.

SPUME believe that mainstream adoption of NFTs, including those who have no prior knowledge or involvement in the cryptocurrency industry, is inevitable. NFTs can now be bought, sold, and transferred more easily as a result of this widespread adoption.

A system that fits the narrative of a truly decentralized platform, one that rewards all stakeholders and allows them to be involved in the formation and creation of new ever-changing ideas, is required to achieve this.
Let’s go back to the beginning to get a better understanding of the significance and practicality of this technology. Throughout human history, people have traded goods and services for something in return, whether it be a barter or the exchange of money. Transactions have evolved as technology has progressed, embracing the internet more and more. For many years, this market has been dominated by large, monopolized corporations. These platforms allow users to list goods and services for a fee.

Today, all of these businesses are listed on the stock exchange, pay out small dividends, and strive for minimal gains for stockholders through their shares. Lack of competition only encourages an unwillingness to make changes that benefit their customer base, making monopolies even more problematic.
People can continue exchanging goods and services for cryptocurrency on the blockchain, a system built by users, for users, in the same way that Bitcoin was built. Where stakeholders can have a say in how the organization is run and decide to implement change when it’s appropriate. Our goal is to create a decentralized marketplace where exchanges take place, transaction fees are redistributed equally and equitably to all stakeholders, and the user base has the power to decide when and how changes are implemented. SPUME is here.

FOR NFT OWNERS
The NFT market has grown at an incredible rate in the last year, as evidenced by the figures shown above. NFT’s are becoming more and more popular with people around the world, not just in the United States. For a variety of reasons, celebrities, artists, politicians, and investment firms are all accumulating NFTs.

MARKET RESEARCH
NFT transaction fees will total $1.2 billion in 2021, based on an estimated $40 billion in NFT revenue generated by active trading platforms charging fees of up to 7%, and an average of 3.5%. Some of these fees go toward fuel, but the platform keeps the majority of them. Unmet demand for a truly decentralized NFT market capable of meeting the requirements and values of Web 3.0 exists today. The proper ledger maintenance, as well as the communal morale for artists, traders, and investors, can both be provided by a system that distributes these transaction fees to a community of token holders. If you’re an NFT expert or a token owner, you’ll be able to participate in this project because of the large volume.

Artists, celebrities, content creators, politicians, athletes, titling companies, and banking systems are all examples of creators. Participants in this group include individuals and organizations involved in the development of NFTs, which may take many forms.
Investors, including but not limited to: art collectors, NFT traders, asset consumers, cryptocurrency investors, corporations, investment firms, and banking systems. People and organizations like these stand to gain from NFT transactions on our platform, whether they are purchasing directly from creators or trading on a secondary market..
Lastly, we have token holders, who are those who own the tokens. Someone who understands the value of investing in the exchange system and is willing to contribute financially to that value. SPUME token holders will have the final say on major changes to the marketplace and new features.
Finally, SPUME’s design aims to penetrate every nook and cranny of the current cryptocurrency market. Every Web 3.0 user has access to this device’s built-in utility.

THE GENERATION OF INCOME

SPUME holders are eligible to receive a portion of the Spume Marketplace’s 2.5 percent sales tax. All SPUME token holders receive the same 2.5 percent sales fee, regardless of how many of their own tokens they hold. The Team and DAO will not charge any additional fees or tax on top of the 2.5% sales fee. Because the DAO holds 20% of all tokens, they are entitled to 20% of the 2.5% sales fee, and they will fund their treasury through the dividends they are entitled to, as will be discussed later.
Let’s assume we do the average volume OpenSea does per day (2.3b/30): Every day, 76 million people are consuming this product. We redistribute $1.9 million to our holders every day by taking 2.5 percent of the volume (76m * 0.025): In other words, a single SPUME token makes about $0.02 per day. (The numbers are based on data from January 2022)
In addition to the transaction fees generated by Spume’s marketplace, there will be significant opportunities to exploit the Spume Audience. Spume’s revenue can be greatly increased by various NFT projects paying for promotional advertisements in our Discord, Telegram, and website. Spume’s community yield fund will receive all of these earnings.

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For more information, Visit Link

Website: https://spume.io/
Twitter: https://twitter.com/spumeio
Telegram: https://t.me/spumeio
Discord : https://discord.com/invite/jjsZNB6rmT
Instagram: https://www.instagram.com/spume.io/

Writer Artcile

Bitcoin Talk Username: Lauria Lambolia

Bitcoin Talk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3397945

Telegram Username: @laurialambolia

BSC Wallet Address: 0x028fB5774042593daF0A3ce501C2CBc939a4bdC5

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