NFT111 PROTOCOL

NFT111 is an NFT auction smart agreement. The rule is that no one bids again after 48 hours. When each bid is completed, 95% of the transaction price belongs to the holder, 3% to the copyright owner, 1% to the transaction fee, and 1% to the historical traders. NFT111 greatly improves the liquidity of NFT, allowing cards to generate high liquidity, and the number of NFT traders and collectors has greatly increased, making the game's economic model more robust.

In addition, NFT111 has developed a friendly technical solution for NFTfi. With the total transaction volume of NFT assets in the protocol circulation as the staking computing power, a simple and fair NFT+DeFi model can be realized.

Transaction process: Bid 1.11 times to activate rolling auction

The rules of the NFT111 agreement stipulate that after the NFT is listed, it will enter the flash sale auction, and anyone can buy it with a bid not lower than 1.11 times the current price. The auction will not end until there are no more bids after 48 hours.

Magical rule: You can earn money while participating in the auction, which greatly promotes liquidity.

When each bid is completed, 95% goes to the holder, 3% goes to the copyright owner, 1% is the transaction fee, and 1% is distributed to historical traders.

What does this rule mean? On the one hand, copyright owners are willing to start auctions at relatively low prices, and on the other hand, it drives many NFT enthusiasts to join the ranks of NFT to discover assets that are still undervalued.

First of all, in addition to the first auction, the copyright owner will receive 3% of each subsequent transaction. The more transactions, the more income.

Secondly, historical traders can also earn profits. As long as they participate in one bid, 1% will be distributed to historical traders each time in subsequent transactions, and they can bid multiple times. Think about it, if you grab 10,000 NFTs, the follow-up profits will come like a flood!

Compared with traditional rules: multiple parties benefit

In the current NFT market, the traditional one-bid or American-style auction is still used as the main transaction rule. To initiate an NFT American-style auction usually takes several days of bidding. The cost of assets, time, and other costs have been paid, and nothing has been gained. Participating in NFT111 can be traded dozens of times in a short period of time, and the price rises unilaterally, giving NFTs better trading liquidity.

Summary of NFT111 Features

"Bid 1.11x the initial price to complete the bidding process, each round of unilateral increase, continuous auctions, participation in the auction is profitable, the copyright owner will benefit permanently, and the liquidity is extremely high."

Since its birth, the NFT111 protocol has been placed high expectations with these labels.

The NFT111 agreement will bring three major benefits to the industry

1. Promote the flow, seckill continuous auction circulation and transmission mode, and make the NFT assets flow to the greatest extent possible;

2. To promote environmental protection, more people have the opportunity to experience different resources and make resources more fully utilized;

3. To promote fairness, the value generated by the flow is redistributed to historical participants, which is beneficial to the fairness of the digital world.