Road Town, May 08, 2022 (GLOBE NEWSWIRE) — On May 5, 2022, Emerging NFT platform, Spume, announced the ICO of their native $SPUME token on the KuCoin cryptocurrency exchange thus making it available for public sale. Let’s find out why Spume is the future of digital and physical assets trading without the mediation of third parties.
Enter Spume – whose vision is the complete removal of all intermediaries that prey on individuals during the trading of digital and physical goods.
What is Spume?
Spume is an NFT marketplace that replaces the need for intermediaries and their fees with smart contract technology. The platform’s activities cover a wide range of markets, which means that everything from works of art to real estate can be tokenized and sold on the Spume trading platform.
SPUME token
SPUME is a native NFT token of the Spume marketplace, which will be used for operations within the platform, as well as for distributing the proceeds from the sale of NFT among all token holders.
| Token Symbol | SPUME |
| Blockchain | Ethereum |
| Protocol | ERC20 Open Zeppelin |
| Issue volume | 100 000 000 |
Due to smart contracts in the Ethereum network, the SPUME token will participate in the automation of transactions by putting aside every intermediary who charges unreasonable service fees. The ultimate goal is to allow users to buy and sell their property with the lowest possible service fee.
From each transaction, Spume collects 2.5%
Instead of charging huge percentages for transactions, the NFT marketplace Spume sets a fixed service fee of 2.5% for any transactions. This service fee may be changed by the decision of the DAO.
The profit in the form of 2.5% is distributed among the holders of the SPUME token.
All income received on the Spume trading platform is distributed equally among all holders of SPUME. The marketplace team will not charge any additional fees except for the fixed 2.5%.
Thus, Spume creates a transparent and fully community-driven marketplace that allows one to tokenize…
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