Dallas, Texas--(Newsfile Corp. - March 31, 2022) - The creators of The Essential Coin have launched the first of their many upcoming crypto utilities - Epoch, an advanced and unique NFT Marketplace.
Epoch was created to provide a cost effective solution to everyone who chooses to utilize NFTs, taking the form of image, video, a GIF or even audio. Where most NFT Marketplaces run through Ethereum, making the cost much higher, Epoch is providing access through Binance Smart Chain. This means that users can now mint, sell, buy, auction, trade and stake at a cost that isn't detrimental to their pockets.
Epoch NFT Marketplace 1
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_Epoch1_550.jpg
1. Mint
The act of minting refers to taking a digital file, any of the previously listed, and storing it on a blockchain by converting it to a digital asset. Doing this gives the minter ownership of that NFT until they transfer it due to a sale, give away or auction. Once minted, an NFT contains a record of information, including previous transactions, an ID, and current owner, all of which can be found on the blockchain. The information linked to an NFT cannot be changed after it is minted, but the minter can burn their NFT and mint a new one from the same file.
2. Sell
Selling an NFT is a fairly easy process. Users would simply select the NFT they want to sell, select the sell option and set a price for the NFT. In addition to setting a price, users will also need to set a royalty percentage, which is basically a cut of any future sales that will be given to the original creator of the NFT.
Epoch NFT Marketplace 2
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_Epoch2_550.jpg
3. Buy
When someone buys an NFT, they become the owner of its original copy. To buy an NFT, the purchaser simply chooses the NFT they want to purchase and hit the Buy button. Keep in mind that if the purchasers choose to sell an NFT after obtaining it from a previous owner, a percentage in royalty from the sale will be given back to that first creator.
4. Auction
Users can auction off their NFTs by simply selecting the NFT of their choice, selecting the auction option and setting a price and duration of the auction. A royalty percentage would also need to be selected for an auction the same way a regular sale would require. Once an auction has started, the seller is unable to end it unless the current bid is accepted.
Epoch NFT Marketplace 3
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_Epoch4_550.jpg
5. Trade
There are several ways someone can obtain a desired NFT. Besides buying a set-price NFT or winning one in an auction, the interested party can also trade one NFT for another. If another person has an NFT that the user wants but does not have the funds to purchase it, they have the option to offer an NFT they already own to the current owner in exchange for their NFT.
6. Stake
Users have the ability to choose a staking pool on the Epoch platform and stake their NFT and earn Epoch Tokens as a reward. When a user chooses to do this with an eligible NFT they must keep it staked until the selected period is finished or they can not claim their rewards.
Epoch NFT Marketplace 4
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_Epoch5_550.jpg
7. The Essential Coin Discounts and Burns
The Essential Coin is the native token in the ESC ecosystem. Those who hold ESC will receive discounts while buying certain NFTs on Epoch. In addition, certain NFTs can be bought using ESC tokens. The amounts collected through the sale during ESC usage will go towards burns.
Advantages of Using Epoch
As the word continues to spread about NFTs and their potential, more and more NFT Marketplaces are being developed. Epoch strives to stand out above all competitors by offering capabilities that are missing from other top marketplaces. On top of allowing staking, burns, discounts for holding ESC and lower prices through Binance Smart Chain, part of the revenue generated from Epoch will be used for buy-backs in ESC, resulting in price appreciation. The Epoch Marketplace can be found at the link below
For more information contact info@theessentialcoin.com.
Epoch NFT Marketplace 5
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_Epoch3_550.jpg
Epoch NFT Marketplace 6
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8519/118661_thumbnail%202_550.jpg
Useful Links
1. Website:
https://theessentialcoin.org
https://epoch.digital
2. PancakeSwap:
https://pancakeswap.finance/swap?outputCurrency=0x4c48cca6153Db911002F965D22fdeFcD95f33BE9
3. Certik Audit:
https://www.certik.com/projects/the-essential-coin
4. CoinmarketCap (Market Data):
https://coinmarketcap.com/currencies/the-essential-coin/
5. Twitter:
https://twitter.com/essentialESC
https://twitter.com/EpochNFT
6. Telegram:
https://t.me/the_essential_coin
7. Facebook:
https://www.facebook.com/The-Essential-Coin-108521301658681
8. Discord:
https://discord.gg/unrRSQQcXY
9. Tiktok:
https://vm.tiktok.com/TTPd2UMrs6
10.Reddit:
https://www.reddit.com/r/TheEssentialCoin
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118661
