The OpenBiSea NFT Marketplace - a smart contract and app for iOS, Android and web interface. It is a simple step-by-step solution to buy, sell and auction (based on smart contracts) for NFTs. The main smart contracts run on the Binance Smart Chain (BSC) and have an Ethereum bridge for NFT assets. Existing BSC solutions do not have an open marketplace for any NFT contracts and do not provide a transparent auction, based on smart contracts.
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About the OpenBiSea project
Cryptocurrency investments in NFT have generated a lot of interest from non-IT and cryptocurrency hobbyists this year. Influencers, licensed companies, brands - they all love to publish and sell their own NFTs. But most of the products on the market fail to provide a simple and straightforward user interface. Complicated user flow growth scares investors and prevents them from investing.
Top players like OpenSea, NBA Topshot, JuggerWORLD and Treasureland prevent creators from listing NFTs or hiding algorithms from auction. And some of them hide the fact that your money is still under their control. Any manager, like banks, can decide to keep your money or transfer your NFTs. This is an unsafe decision for investors and creators. Most of them only allow you to set the price in BNB / ETH or in your own tokens, which is incomprehensible to buyers and sellers.
Deployed on the Ethereum blockchain bridge, the smart contract contains an Ethereum-based asset and mints the same on the Binance smart chain and vice versa. An asset can be an ERC20 token, ERC721.1155 NFT. NTF's asset flow is transparent, all processing is automated, and the results are stored on the blockchain. It is a way to trade NFTs without the high Ethereum fees, but with the same Ethereum cost of ownership.
How does the OpenBiSea work?
The first client solution for OpenBiSea - a mobile and web interface application, where investors, influencers, licensed companies, brands can buy or sell NFT with BNB / BUSD in a wallet or credit card. There are two types of purchases - auctions or direct sales. You are 100% in control of your wallet and ownership with an easy-to-use flow, you don't need to become a cryptocurrency specialist.
Some features:
| 1 | 90% of issued tokens are placed on the smart contract account. |
| 2 | Each party to the transaction can request a portion of the OBS community tokens for their wallets. |
| 3 | Thus, platform tokens are distributed from the project to the key people who create the main value of OpenBiSea - active buyers and sellers. |
Once a high income has been generated, each auction creator will need a minimum of 1 OBS in their wallet to create an NFT auction. It is a way to add value to early platform customers and create more value for all OBS holders.
Additional information
There is a WhitePaper document on the site, with which you can study the site in more detail. Also, information about the project and the main advantages are presented on the main page. In the RoadMap section, you will find a list of upcoming updates.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram.
The smart contract has not been audited.