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Usecase & Utility
What are the utilities & usecases of the GEM token?๐Ÿค”
GEM has tons of utilities & use-cases throughout the NFTmall ecosystem.
  1. 1.
    Use GEM to List, Buy or Sell NFTs on NFTmall. ( Using GEM as a payment gets a 50% discount on Marketplace fees.)
  2. 2.
    Marketplace Mining. (Top volume NFT collections & Individual NFT get rewarded)
  3. 3.
    Liquidity Mining/Yield Farming. (Stake LP get GEM reward)
  4. 4.
    GEM stakers get a reward from Marketplace fees. ( 50% of Marketplace fees go towards GEM stakers.)
  5. 5.
    Holding GEM allows governance of the platform.
  6. 6.
    Stake GEM to rank higher on Smart Sorting Engine.
  7. 7.
    GEM is used in Auctioning NFTs and for NFTmall Launchpad.
  8. 8.
    Deflationary token model, Buyback & Burn mechanism. ( 25% of the platform fees collected go to Buyback & Burn GEM.)
Last modified 3mo ago
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