Technology

Cross-chain Technology

Apicland Marketplace is a highly liquid decentralized market that allows users to securely and transparently exchange NFT tokens that exist across several blockchains.

Cross-chain tech has been defined as growing technology that enables the transmission of value and information between different blockchain networks. While a standard NFT marketplace only permits single blockchain transactions, Apicland Marketplace allows users to transact between multiple networks.

Simple NFT Minting

Everyone can create, or in other words, mint their NFTs in a few simple steps. After uploading your digital content to the Apicland Marketplace platform you can set up the total number of NFT created and the commission fee levels (suggested percentage are 10% to 30%). Users will need to approve payment from their wallets to pay transaction fees to the blockchain network they are minting NFT.

As an NFT creator you can select to let other sellers sell your artwork and earn from the sales commission. After each and every sale the commission fees are directly transferred to your wallets.

Anti-plagiary Mechanisms

When the freshly formed NFT is sold for the first time in the Apicland Marketplace, the platform will charge the creator a creation fee nitially set at 15%. NFT Art Creators who pay the early price will receive a verified account badge that identifies them as the original creators. The platform administrator grants the user's account verification and copyright infringement.

Payment in Your Favorable Tokens

When users exchange NFTs in the Apicland Marketplace, the transaction fee is deducted directly from user wallets by the blockchain network. The Apicland Marketplace platform will charge a certain fee to both buyer and seller (early set at 2.5% to buyer and 2.5% to seller). Though NFTs are listed in $APIC, users may buy by using other tokens. If users pay with different cryptocurrency, the equivalent payment amount will be calculated automatically using exchange rates from external trading services (e.g., PancakeSwap). If a seller makes a profit from the sales, a predefined commission fee will be deducted from the profit and be rewarded to the NFTs creator.

[Commission fees] = [(Selling price in $APIC)*(1- transaction fee%) – (Purchasing price in $APIC)*

(1+ transaction fee%)] * [NFT’s commission rate]