✨Features

CoinBox NFT is a Binance Smart Chain, Ethereum and MATIC Collectible-backed NFT Marketplace based on the latest NFT Code ERC-998 is an extension to the ERC-721 standard that adds the ability for non-fungible tokens to own other non-fungible tokens and ERC-20 tokens. The platform offer design of various Collectibles that plans to tokenize to raise funds for the production through NFT Staking. Investors who purchase the NFT will earn unlimited opportunities for ownership of the project/product/asset.

The tokenized Non-fungible Tokens (NFT) will be listed on the marketplace, where each token value will be proportional to the value of the Collectibles. This invention is the first of its kind in the NFT market. What will be produced by artists and users on board on our platform will create a new history together.

NFT Multi-Chain

The platform will be able to mint NFTs in multiple chains. The platform will support ETH, BSC and MATIC. The contracts will be deployed for all three blockchains, and creators will be able to choose the blockchain they want the NFT to be minted at the time of minting the NFTs.

Smart Contracts

Smart contracts are algorithms that execute in our platform automatically, governing the whole ecosystem. Smart contracts can help track the ownership of the Collectibles on the platform.

The Collectibles in the platform have different designs that will be stored in the smart contract. In Addition, the smart contract will track all details about the collectibles (ERC721 tokens) on the platform.

Once the users initiate the transaction, the smart contract transfers the ownership of the assets (ERC-721) to the particular user.

Royalty - The royalty fee for the creators will be written on the smart contracts. For every sale, there will be a royalty fee transferred to the users.

Transaction History - When an asset is traded multiple times, the smart contracts store the assets' ownership details history.

Minting NFT

Creator- Create a Collectible(Collectibles Token)

To create a collectible, users need to enter the following details:

  • Type - Single / Multiple

  • Upload Image / Video

  • Preview

  • Choose Collection

  • Choose Name

  • Description

  • Choose Category

  • Properties

  • Enter Value

  • Enable / Disable

  • Put on Sale

  • Unlock once purchased

Once they submit the above details, users need to confirm the app request to approve transactions from their wallets. After that, the smart contract will store the token information on the blockchain.

Bid

Users will be able to place bids for the tokens based on their interests. They will enter the details such as bid amount, wallet.

Sale

Based on the bids, creators can sell the tokens on the platform. Once the seller accepts the offer (bid), Smart Contract will transfer the user's wallet amount to the creator wallet. Smart Contract will record the transactions and ownership details on the blockchain.

Users can also sell these NFT tokens to other users by creating an offer on the marketplace. In the marketplace, users will be able to check the list of NFT tokens available for sale. Any user can buy/sell these tokens based on their preferences. All these transactions and ownership of the tokens will be recorded on the blockchain.

Marketplace

Connect Wallet

Before performing an action, users need to connect to a wallet from the list of available options on the platform. CoinBox will customize the platform to support Torus wallet, wallet connect, Metamask, and CoinBox Finance wallet.

Search

Users will be able to search for a particular creator, collectible, or collection by entering the keyword on the platform.

Explore

In this section, users will be able to check the overview of the following:

  • Top Sellers in Days

  • Hot Bids

  • Explore - Based on the category(Personal Art, Music, Virtual worlds)

Investors can check the list of Collectible designs with the following details:

  • Name

  • Overview

  • Amount

Users can filter the Collectible designs available on the platform by type, price, etc.

Select collectible

Users will be able to select a particular collectible and view the following details:

  • Name

  • Price

  • Image

  • Owner

  • Creator

  • Collection

  • Service Fee

  • Buy Now

  • Bid

Share

Users will be able to share the collectible with their social media accounts such as Facebook, Twitter, Telegram.

Buy Now

Users will be able to buy the collectible using their wallet balance on the marketplace.

Place a bid

Users will be able to place a bid for the collectable by entering the amount on the platform.

Check Bids

Users will be able to check the list of bids from the users for the tokens on the platform.

Accept Bids

Creators will be able to accept the bids from the users based on the amount and preferences.

Activity

Users will be able to check the trading history with the following details: Event, Item, Unit price, quantity, From, To, and Date.

Rankings

Users will be able to check the list of NFT tokens (Collectible Designs) with the following details: Filters, volume, owners, assets.

Other Options

Users will be able to check the following options:

  • Purchase Now

  • Place a Bid

  • Report

NFT Premier

The creator will be able to set the timer to reveal the original NFT file on the Marketplace. The creator can choose the duration with a minimum of 1 minute and a maximum of 3 hours before it is minted on the marketplace; the users can also choose not to premier the NFTs.

NFT News

The platform will be integrated with the news API, and the feed will be fetched from the CryptoCompare API through the CoinBox News product. In addition, the content will be related to the keywords of NFT.

P2P Auction

The platform will have a Peer-to-Peer on-chain auction functionality. The creator/owner will only be able to list the NFTs for auction.

Tangible Art

The platform will be customized to sell Tangible items. When the buyers choose to buy a tangible item, they will have to enter the courier address for the seller to ship the real art. The ownership will then be transferred to the buyer.

Fraud Detection

The platform will be integrated with Fraud Detection, which will be used to perform the following activities :

  • Verify images

  • Moderate user-generated content

  • Track images and brands

  • Check copyright compliance

  • Deploy fraud detection solutions

  • Identify stock photos

  • Confirm the uniqueness of an image

To use these features for mint the NFTs, they need to hold 500 CBFi tokens in their wallet which will be validated. The users who do not hold the tokens can see the feature after their NFT has already been minted.

PreviousCoinbox NFT Staking (Bubble) 🎨Next🔨NFT Staking

Last updated