NFT STARS

NFT Stars (NFTS) is an Ethereum blockchain-based digital-art marketplace centered around the NFT (non-fungible token) market ecosystem. The project seeks to provide technological and promotional solutions to make the NFT art market accessible to artists and art collectors. Further, The project aims to encourage artists globally to showcase their unique, artistic creations in the NFT and digital-art markets. In simple words, NFT Stars (NFTS) is an NFT marketplace built on an Ethereum blockchain network for artists and art collectors.

According to the whitepaper, the core features of NFT Stars are: 

NFTS as the native token of the NFT Stars project allows users to manage the platform and serves many utility functions. With the NFTS token, art collectors are eligible for NFT discounts, platform liquidity mining, and other extras. Users need a crypto wallet to create an account on NFT Stars platform. 

NFTS holders can acquire works of art with their tokens and participate in platform governance by voting. Active participants are rewarded with tokens and included in the artist selection process. By staking, users can earn more rewards and even stake their NFTS tokens to receive allocations from upcoming projects.

The user needs to pay a commission of 2% or 8% (depending on the account), then burned, reducing the total volume of tokens. Moreover, there is no gas fee for the artists when NFTs are minted in the smart contracts while trading the NFTs.  Minting means the process of creating a new cryptocurrency through writing off smart contracts or by validating new blocks into the chain.

The project had a maximum total supply of 20,000,000 NFTS. The NFT Stars team includes Dan Khomenko (CEO), Anton Checo (COO), Vlad Henri (CMO), and Antony Vasiliev (CIO).