SPUME Holder Owned NFT Marketplace

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Spume is a holder owned Non-Fungible Token (NFT) Marketplace, where those who hold the SPUME token share the revenue generated from the marketplace's transaction fees. The goal of Spume is to return the power back to the holders, fairly reward community members, and create an allencompassing platform for users to buy, sell, trade, and create non fungible tokens on multiple blockchains. Through the accomplishment of these goals, Spume will be the first truly decentralized and autonomous NFT community, marketplace, and token.

With modern blockchain technology evolving everyday, we are often overwhelmed by congestion, confusion, and the complexity of it all. However, one area of the blockchain market that has gained more notoriety than ever in the last year is the NFT realm. This recent influx of capital and attention into the NFT markets is not temporary, nor is it heading towards a decline. From an educated and strategically analytical outlook, we anticipate global adoption of NFTs by the mainstream population- including those who currently lack knowledge or involvement in the cryptocurrency industry. This widespread adaptation provides the market with a better way to buy, sell and transfer NFT's. Not only is an intuitive system required to achieve this, but a system that fits the narrative of a truly decentralized platform, one that rewards ALL stakeholders, and allows them to be involved with the formation and creation of new everchanging ideas.

To put into perspective the importance of this technology and the implied utility, allow us to get back to the basics. Since the beginning of mankind, people have been conducting business, the exchange of goods and services for something in return, whether that be a barter or currency exchange. As technology has evolved, so have transactions; Largely embracing the internet. Massive, monopolized corporations have dominated this market for decades now. People can list a good or service on these platforms in exchange for a currency. Now, all these companies are publicly traded, payout small dividends, and work to provide nominal gains through stocks to stakeholders. The problem with monopolies is simply the lack of competition only further encourages the lack of motivation to make changes that benefit their consumer base.

Apply that same concept to the blockchain, a space where people can continue to exchange goods and services for cryptocurrency, but on a system that is built by the users, for the users. A place where stakeholders have a say to how it is operated and can decide to enact change when they see fit. That is what we are building- a decentralized marketplace where exchanges take place, where transaction fees are redistributed to the stakeholders equally and equitably, and where the user base has the power to decide when and how changes take place. This is SPUME.

Spume Features

  • Buy & Sell NFTS : A marketplace for buying, selling, and auctioning

  • Create Collections : Easily mint and create new NFT collections

  • Hold SPUME and Earn : Revenue sharing for SPUME holders

  • Available Globally : Anyone, anywhere can participate

Problem

OpenSea is the largest NFT marketplace and currently charges 2.5% on every transaction through their website. In the last 30 day (as of Jan 3), they facilitated over $2.3 Billion in volume, meaning they charged NFT traders over $50 million.

Aside from the cost to use their platform, they are a centralized platform who has power over censorship and every facet involved with the listing and trading of NFTS through their site.

Solution

We will create a decentralized autonomously governed NFT platform where we still charge 2.5% on every transaction, but that fee is payed out evenly to SPUME holders. This incentivizes those who use the platform to hold SPUME and participate the governance.

Decisions on large updates to the marketplace and additional utilities will be voted on by SPUME holders, removing power from one centralized source and returning it to the actual users of the platform.

Efficacy

Does it make sense to reward SPUME holders with the profits of the Spume marketplace? Yes, it very much does.

Let’s assume we do the average volume OpenSea does per day (2.3b / 30): 76m per day. We take 2.5% of the volume and redistribute it to our holders (76m * 0.025): $1.9m redistributed to our holders per day. In other words, a single SPUME token earns about $0.02 per day. We are planning our public sale at $0.4 per SPUME token. Feel free to calculate your earnings.

Timeline

We are currently doing a private sale and continuing development on our platform. It’s stated in our tokenomics section, but we also will emphasize it here, we are only selling 15% of our total tokens in the private sale. VCs will not control the Spume Marketplace.

We will provide regular updates on the progress of our platform sign up to our newsletter below to stay up to date with the latest developments.

SPUME TOKENOMICS

Spume's tokenomics were hand crafted by industry and blockchain experts. Our tokenomics are based around our key objectives as a project and with our community as the main focus. Token utility, price stability, and community security are the core ingredients that crafted Spume's tokenomics.

There are a total of 100,000,000.00 (100 Million) Spume Tokens. This number allows our market cap to be interpreted easily and achieved more understandably. Having the supply of Spume tokens be relatively low will help the community's holders value their anticipated profit sharing and yields in a more relatable way. Also, having our token supply lower than normal will allow us to have more trading pairs when our token is listed on exchanges. This is especially important when a token is being paired against high priced coins, because many exchanges only allow tokens to have a certain amount of decimal points for its price.

The Spume token supply is distributed as follows:

  • 20% - Public Sale

  • 20% - DAO Treasury

  • 15% - Early Backers

  • 15% - Private Sale - 5% - Marketing

  • 15% - Team

  • 10% - Liquidity

SPUME TOKEN

The spume token (ticker: SPUME) is an ERC20 token with a total supply of 100 million and 18 decimal places. The token is an implementation of Open Zeppelin's standard ERC20 token, with the addition of their Snapshot class. Adding the snapshot class allows us to take snapshots of the current holders of Spume at any moment. Snapshot information is stored on the blockchain, and can be accessed by anyone. Snapshots can only be taken by accounts we authorize, and will be utilized later on for voting purposes with the Spume DAO and potentially to pay out rewards with the NFT Marketplace. Anyone who holds SPUME is a shareholder of the DAO (more on this in later sections).

THE SPUME DAO

A decentralized autonomous organization allows a group of members to work together without explicitly trusting each other. Members are defined as those who work for the DAO. In our case, Spume will have a number of members working together to expand and improve the NFT Marketplace. It should be noted that shareholders and members do not have to be disjoint. This system will be governed by a smart contract (potentially multiple in the future), such that the direction the Spume members build in is governed by the shareholders.

ROADMAP

  • PROTOCOL 1.0
    Branding
    Angel round
    Publications

  • PROTCOL 2.0
    Private sale
    Initial marketing push
    Coin market cap & coin gecko

  • PROTOCOL 3.0
    Launchpad
    Dex listing
    Exchange listing

  • PROTOCOL 4.0
    NFT marketplace launch
    On-boarding hottest NFT drops
    Brand Ambassador Program
    Strategic Partnerships

  • PROTOCOL 5.0
    NFT marketplace upgrades
    DAO implementation
    Community events

Each protocol in our roadmap represents a different unique phase in Spume's development. While each major event is only placed in one category, the underlying work supporting these items can span many phases. This roadmap outlines our current growth plan for Spume, but as events come up, we may alter and change the roadmap and order of the individual items.

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