Posted 2 weeks ago | by Catoshi Nakamoto
Ferrum Advisory Services presents our latest muse, Babylons. Babylons is the first community owned NFT Marketplace on Binance Smart Chain (BSC) for creators, investors, users and collectors featuring low-cost minting, weekly rewards, and a DAO governance that puts the power in the hands of the community.
This fascinating project provides a wide range of features giving members the ability to:
- Create their own NFTs
- Promote their artwork
- Buy-Sell-Collect NFTs
- Get commission payback simply by holding $BABI tokens
- Be eligible to weekly $BABI rewards by creating volume on the marketplace
- Utilize a voting system (DAO)
- Set a percentage as royalty for secondary sales
While the list of utilities are expansive, this exciting project is traveling at lightning speeds with an aggressive roadmap which aims to provide a wider array of features proving to be the best in the NFT Marketplace sector.
Through intense market analysis, Babylons discovered two issues that were common amongst other communities.
Issue 1: High transaction fees on Ethereum
Babylons resolves this problem by operating on BSC chain which has significantly lower fees and operates at a higher output.
Issues 2: Lack of community reward and outreach
In order to support the community — creators, artists, collectors, and investors, Babylon introduced two systems. A weekly reward mechanism for active users and a weekly profit sharing structure which will be distributed in the form of their native token, $BABI.
Through Ferrum Advisory Services, Babylon benefits from a wide set of incubation services from fundraising, marketing support, staking services, and ultimately community growth that will prove to set them apart from the industry standard.
Babylon Social Media
Babylon Website: https://bsc-testnet.babylons.io
Ferrum Network Social Media
Ferrum Website: https://ferrum.network/
Original article published on Ferrum Network’s Medium.