Price (USD)$ 0.043
Circulating SupplyXCUR 45.61084M
Volume (24h)$ 66.325K
Market Cap$ 1.95816M
Low/High 24h$ 0.0409 - $ 0.0439
Change (24h)-$ 0.000532
Blockchain offers numerous possibilities in many areas of life, including healthcare, supply chain management, logistics industry, financial services industry, and much more. Blockchain can be especially prolific when it comes to trading and shopping in a digital environment. Many crypto projects developed their own platforms for trading and NFT marketplaces. One of these projects is Curate.
Curate is a gasless, decentralized blockchain developed to serve as a marketplace for trading NFTs and physical goods. In its essence, it’s a shopping rewards platform for rewarding users with free cashback and crypto on all their purchases. The term gasless blockchain refers to a platform where transaction fees are covered by the platform instead of users. Curate aims to maximize the DeFi potential. According to its whitepaper, the project also serves as a multi-chain bridge facilitating transactions between Ethereum, Bitcoin, and other blockchains. This combination of a specialized marketplace with bridging capacity allows the platform to resolve the issues that exist with other blockchain-based marketplaces.
The Curate project was founded by James Hakim, the blockchain’s CEO and founder. The platform released its whitepaper in November 2021. Later on, the platform's native token was launched on April 16, 2020, and has a max total supply of 10,000,000 XCUR.
As an all-encompassing project, Curate provides its customers with the following features:
The Curate platform will generate income via the transactions made on the marketplace. Curate will charge buyers and sellers a small percentage fee (a commission for sellers and a service fee for buyers) based on successful transactions made on the app. This fee will go towards funding Curates operation which includes support/disputes help center, hosting and maintenance, and app updates. A percent of the fee will be used towards the rewards program. Apart from this, merchants are given an option to obtain a pro account which a fee will be charged for on a subscription basis, and this account offers more opportunities for them such as a verified badge, being eligible for front page listings, priority support, and coupon availability.
Community Rewards are an integral part of Curate’s roadmap and with Curate’s improved tokenomics model, the platform can offer new and exciting developments such as XCURSION, NFT Staking, and many more. The updated community offerings include:
To empower the Curate community, the platform’s management has allocated 16.7% of all tokens to their new governance structure; this will provide voting rights on key decisions for users who hold 500 XCUR or more in-app. Holders with 25,000 or more, will have the opportunity to submit proposals that Curate will review and put forward for a community governance vote.
Holders can vote on decisions and allocate funds to higher staking yields, boost to R&D & marketing campaigns, new exchanges and listings, future app developments and integrations, increased liquidity on DEX, burn events, etc.
Sellers can either set an NFT for sale at a Fixed Price or for an Auction. When set at a fixed price, an NFT has a ‘Buy Now’ button where you can immediately purchase the product. For items that are for Auction, interested buyers should make their offers. To make an offer, a Curate user should simply make an offer on the product page and set the amount they wish to offer. The bidder with the highest offer will own the NFT.
The Curate token or XCUR crypto has been created for utility purposes. As such, it is distributed on the Curate marketplace app as a primary rewards token. The need for XCUR cryptocurrency supply increase may not be necessary unless there are more unique expansion cases for its use. This is because this strategy in tokenomics keeps the Curate token market and Over The Counter (OTC) crypto-asset exchange platform value relatively immune from arbitrary price inflation, as is the case with the modern money mechanics that has been employed by central, and thus vulnerable banking and other financial incumbents for decades.
Curate token is an ERC-20/BEP-20 utility token smart contract standard compatible and exchangeable with many utility tokens which are majorly Ethereum-based tokens/Binance Smart Chain. In any case that crypto-asset exchange platforms adopt the Curate token as their primary means of transaction because of value and use case similarities that may mutually exist between them, this will increase the value of Curate coin and therefore further accelerate the Curate token network effect.
Curate crypto price today is 0.043 USD.
In May 2022, Phantasma and Curate have forged a formal partnership focused on development centering around Phantasma’s Smart NFTs. Curate has pledged to integrate the Phantasma blockchain with their fully functioning world’s first mobile app cross-chain NFT marketplace, as well as launching their P2E game Xcursion on Phantasma utilizing Smart NFTs. To enable and augment Curate’s Phantasma capabilities, Phantasma has pledged to focus development resources towards delivering innovative and state of the art, Smart NFT cross-chain capabilities.
In September 2022, the platform updated its whitepaper to include Xcursion, a competitive Player vs Player and Player vs Environment strategy Role Playing Game. The built in cross-chain NTF interoperability features Land ownership and unique NFT heroes called Generals.
In October 2022, Curate’s Twitter account informed crypto fans that XCUR was listed on GeckoTerminal crypto exchange. In November 2022, news of a 300% increase MoM on trading volume appeared. All in all, the project seems to have more events lined up, with their new Xcursion game in development.
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.