What is the issuance price of NMT coins? Introduction to NMT coin issuance price and issuance time

NMT coin is the native token in the NFTMart platform, and this NFTMart is committed to becoming the world's most professional NFT decentralized trading market. It is mainly divided into two parts: NFTMart.network and NFTMart.io, which are open and decentralized NFT vertical public chains and a platform that provides friendly trading scenarios for websites. With the production of project blocks, NFTMart will issue additional NMT through inflation, and 90% of the additional NMT will be mainly rewarded to nodes participating in the network to maintain the security and stability of the network protocol. So what is the issuance price of NMT coins? Let the editor introduce to you the NMT currency issuance price and issuance time.

NMT coin issuance price and issuance time introduction

The NMT coin issuance price is US$0.25, and the issuance time is May 24, 2021. NFTMart's treasury mainly serves the safe and stable operation and ecological development of NFTMart. Anyone can initiate a proposal and apply for treasury funds by staking NMT. The mortgage required to launch a proposal is 4% of the funds applied for disbursement or 100 NMT (whichever is higher). If the proposal passes, the mortgaged NMT will be returned in full. If it does not pass, the mortgaged NMT will be destroyed.

There are three sources of funds for the treasury: (1) Additional issuance: 10% of the reward tokens will be put into the treasury as the blocks are generated; (2) Penalty and confiscation: the service quality of the verification node is unstable Or do evil, and the confiscated NMT will be transferred to the national treasury;

The main problem solved by NFTMart’s economic model is to reasonably distribute the interests of various participants while ensuring the security of the network protocol. The economic model can motivate various participants to join the network, while also making the system stronger and more secure.

What is the use of NMT coins?

The native token NMT on the NFTMart network is a functional token that realizes the value of the entire network, similar to ETH in the Ethereum network or DOT in the Polkadot network.

In the NFTMart network, the NMT pass mainly has the following functions:

(1) Used for Staking, maintaining the NPOS consensus of the NFTMart network and ensuring the safe operation of the network.

(2) is used to provide guarantee for the selected node.

(3) is used to create and use NFT.

(4) Used to purchase various services in the ecosystem.

(5) Used to pay the transaction fee (Gas) of the network.

(6) Used for various elections and voting of the on-chain governance mechanism.

NFTMart network’s blockchain consensus refers to Polkadot and adopts the NPOS (Nomination Proof of Stake) consensus mechanism. Nominators stake NMT to participate in the election of trustworthy validators. Validators are responsible for packaging and validating blocks and ensuring finality. Both validators and nominators will receive rewards proportional to their respective rights, and validators can set the sharing method.

NFTMart is a trading platform. Users need to pay or pledge NMT to list goods and guarantee goods. At the same time, various service fees in the ecosystem are also paid using NMT tokens. Similar to other blockchain projects, transaction fees using the NFTMart network are also paid using NMT.

NFTMart will eventually turn to community self-governance, and the entire governance of NFTMart will use NMT tokens for on-chain parliamentary elections and voting, and for voting on proposals.

How to buy NMT coins?

1. Click here to enter the official website of the Gate.io trading platform, select a mobile phone number to register, select the area code and enter the mobile phone number, and enter the password according to the prompts to ensure account security

2. Drag the slider to complete the puzzle and perform security verification

3. Enter the 6-digit verification code received on your phone and click "Confirm"

4. Click "Transaction" - "Spot Transaction" on the homepage to enter the spot transaction page

5. Input coins The abbreviation is NMT. ​​Select NMT/USDT to view the NMT market

#6. Enter the amount of NMT coins to buy and click to buy NMT. ​​If you want to sell, enter To sell the number of NMT coins, click Sell NMT

In the entire NFTMart ecosystem, there will be many participants, and each of these participants will have different needs. They will participate according to each role, and the methods of participation are also different. These participating roles can be divided into validators, nominators, merchants or sales. The first two are the basic guarantee for the operation of the blockchain, and the latter two are important participants in the NFTMart ecosystem. Everyone may play multiple roles at the same time when participating in the NFTMart ecosystem. If you want to know more about this project, you can pay attention. The editor will continue to update relevant reports for you.

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