SOCI

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SOCIALMEDIANFT
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MAKEMONEY OFFYOURLI
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www.
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Abstract

The SOCIAL NFT Marketplace is a marketplace for social media users to create
NFT’s (non-Fungible tokens) of their items or images and sell them on the
platform. SOCIAL NFT Marketplace users are able to add single or multiple items
on the marketplace to sell. Users looking to purchase on the market place must
also be registered to the SOCIAL NFT Marketplace

All transactions on the SOCIAL NFT Marketplace are conducted using the
platform's SNFT token which is used as a utility token on the platform.

Introduction

Non-Fungible Tokens (NFTs) become easy and accessible with SOCIAL NFT
Marketplace in its ecosystem. By this, you are allowed to upload social media
images and create the NFTs within a secure and decentralized manner.

With the contribution of NFTs, now social media users may be able to generate
passive income from Social Media and it provides another platform for their
posts.

Ownership

The products and services we share on social media platforms or outlets are
disbursed regularly and most are managed and controlled by the platform
companies that provide them. Our rights to use the sale/trade and
"ownership" of these products are almost always at the discretion of all

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 those who manage everything. Any Instagram name/account could even
be deleted from the platform. NFTs can't. Blockchain strongly ensures rights
of ownership by providing highly secured accounts under which users can
keep NFTs. So if the individual or user has the private keys or access then he
or she can access the assets contained therein.

Provenance and Historical Audit

Blockchains track and monitor all transactions after their first block to the
current block, along with any other transfer and/or exchange history of an
NFT asset. Blockchains do this with unparalleled data encryption. It ensures
a strong tracking of ownership and a complete history of NFT asset
purchases. There is no mystery as to the origin or history of the NFT, because
everything is registered and completely transparent.

Transferability and Liquidity

NFTs are capable of tokenizing and capturing the ownership (and perhaps
other rights) of a digital asset that can be freely exchanged on open
markets. The above NFT assets, such as strong data assurance, ownership
protection, counterfeit immunity, and evidence-based uniqueness, are
extremely powerful in removing many of the risk friction costs that would
normally accompany digital asset ownership, paving the way for access to
markets and opening up previously locked and illiquid capital.

So, the last pinpoint is the core of what SOCIAL NFT Marketplace perceives as
one of its primary aims. We confidently believe that blockchain as well as its
application to NFT technology would significantly change the landscape of

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ownership and digital rights in esoteric ways. By Unlocking the new potential
markets and value, make the existing markets more competitive and
productive, and give individuals’ full ownership of their digital assets. SOCIAL NFT
Marketplace promises to promote this technology to mainstream audiences
and to give everyone the ability to invest in NFT ownership as well as to expand
a vibrant ecosystem.

Features and Functionality

● Decentralized and non-permissible — The SOCIAL NFT Framework is

designed to optimize the benefit (and minimize risks) of digital asset
ownership and trading. Our core technologies depend strictly on the
blockchain, automated smart contracts.

● Blockchain Protocol — The SOCIAL uses the Binance blockchain and

protocol, with a native token named SNFT. It will share the security
advantages of the entire Binance network, avoiding the possibility of a
consensus attack.

● Less Costly Fee Exposure — There will be some charges applicable like
application usage fees for trade execution, NFT creation and listing,
NFT auctions, and network fees for SNFT transfers will apply.

● On-Chain Management governance — The SOCIAL NFT Marketplace

governance allows stakeholders to seamlessly amend the basic
protocol and change essential framework parameters to meet the
changing needs of the environment and the community.

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 ● Client Partnerships — SOCIAL NFT Marketplace provides a UNIQUE
platform for users who want to bring their digital products to the NFT
marketplace where they can sell their own images or items on a
marketplace with established business models.

● Incentivization and Rewards — User Base Incentivization and Rewards

— Community is almost everything, and the SOCIAL NFT Marketplace
will focus entirely on rewarding early adopters for their valuable
contributions through various incentive and reward schemes designed
to support successful creators, sellers, and buyers. In addition to the
incentives for use, the SOCIAL NFT Marketplace uses a Proof of Stake
model that can offer its own rewards for being a network validator.

SOCIAL NFT Governance

The project allows the stakeholders to vote, amend or change the base
protocols on the platform. Majority token holders will be given rights on the
platform and community ecosystem such as determining outcomes of crucial
decisions, key parameter adjustment such as fee rate and community-based
initiatives.

The Marketplace

SOCIAL NFT Marketplace will provide a crypto-powered digital item and trading
platform for users to build, purchase and sell NFTs traded against the SNFT token,
and to also provide additional services including such auction listing,
governance mechanisms, trade history tracking, based on user opinions and
more.

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The objective of the SOCIAL NFT Marketplace is to provide social media users
with a forum to sell, purchase or exchange their digital images.

Potential Marketing Focus

NFTs are extremely flexible and productive in their use, from digital artwork to
digital event tickets, and while NFTs have a wide range of uses and categories,
SOCIAL NFT Marketplace will emphasize its attention only on one primary area:
social media items.

Market Growth Potential

As far as the NFT market, it is still a young market, but it is growing year after year,
with new NFT ventures entering the market every day.

Blockchain direct market data and statistics from DappRadar.com and for three
major digital markets, there has been a significant increase in both trade
volume and active visitors over the last several years.

Market Members

Interacting with the marketplace requires only a Binance-compatible crypto

wallet, a browser, as well as a click of a button. There have been three main
means for users to engage in the SOCIAL NFT Marketplace.

NFT Creators ― In order to promote an active and vibrant market, SOCIAL

NFT Marketplace has a refined NFT creator that enables customers and

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companies to efficiently and simply mint their content, ideas, services, and
products into NFT tokens for listing on the SOCIAL NFT Marketplace.

Anyone with a social media account can become an NFT creator;

furthermore, the SOCIAL NFT Marketplace has a tiered creator program
divided into Verified SOCIALS and Non-SOCIALS. Verified Socials enjoy high
product visibility and listing discounts among other benefits, while
consumers can be assured that verified listings are created and sourced by
top-tier socials and on-demand NFT products that have been determined
by the community.

Almost all Creators maintain royalties for their listings. This implies that any
NFT sold on the SOCIAL Marketplace contributes a percentage of its
exchange fees to the Creator, including all future trades for the lifetime of
that item.

Sellers ― Anyone with existing NFTs purchased on the SOCIAL NFT

Marketplace may bring those tokens to both the SOCIAL Marketplace by
connecting the crypto-wallet and purchasing them for their desired price.

Consequently, for rare items, items that have been highly sought for, or
items that require a fair price discovery, sellers may create an auction that
will be handled automatically on the SOCIAL NFT blockchain according to
the initial criteria they have.

Buyers ― Buyers are able to search and purchase items with SNFT tokens.
The SOCIAL NFT Marketplace will support its SNFT token as an exchange
counter currency.

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SNFT Ecosystem

The SOCIAL NFT Marketplace ecosystem combines the SNFT utility as a native for
both protocol token and application token.

SNFT Usage

The SNFT token is used in seven main ways:

● Network Fees — SNFT is the core base digital currency for paying the
transaction charges.
● Governance — SNFT is often used to vote on policy-making
referendums on governance. SNFT token holders can participate in the
SOCIAL NFT ecosystem policy-making process by voting with SNFT. The
more SNFT, a holder has, the more and more power to vote they have.

● Payment — The Primary exchangeable counter digital currency is SNFT

for all trades on the Marketplace.
● Fees — All fees for the NFT Marketplace applications, including listing
fees are paid with SNFT.
● Rewards — Rewards distributed and contributed to all uses will be
denominated in SNFT.
● Membership — In addition to engaging in governance, SNFT token
holders would enjoy other rights and protections within the ecosystem,
which non-holders will not have access to. For example: SNFT holders
will pay reduced service charges, and increased listing exposure.

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The primary way to obtain SNFT would be through the platform itself. However,
there are many ways for service users to receive SNFT tokens as incentives,
mostly during the daily operation of the SOCIAL NFT Marketplace.

Conclusion
SOCIAL NFT Marketplace is revolutionizing the NFT industry by connecting an NFT
marketplace with social media outlets. It provides social media users and
businesses a platform to sell their images to earn passive income.

Legal Disclaimer
Please read this Whitepaper document published and endorsed by the SOCIAL
NFT Marketplace for the accuracy of the information given and confirm that,
after having made all reasonable inquiries, and to the best of its knowledge,
information and belief, there are no false or misleading statements or other
material facts the omission of which would make any statement false or
misleading. This legal disclaimer applies to all persons who read this document. It
must also be kept in mind that this notice can be changed and reviewed any
time without any prior information or announcement to the public on the behalf
of the SOCIAL NFT Marketplace and should not be construed as an agreement
or commitment at the part of SOCIAL NFT Marketplace. This white paper is for
information only and does not constitute an offer or solicitation to sell or to buy
tokens and NFT’s from the SOCIAL NFT Marketplace or any other related or
associated platform. All forward-looking statements such as “expects”, “plans”,
“believes”, “projects”, “anticipates”, “will”, “aims”, “may”, “would”, “could”,
“continue” and similar statements describe for roadmap execution, financial
performance, business strategy, and future may involve risk and uncertainties

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and as such should seek properly independent professional advice prior to
relying on or entering any commitment or transaction based on, material

published in this Whitepaper, this white paper has only one aim that is to provide
information about the SOCIAL NFT Marketplace and how it works. This
Whitepaper should not be taken as a legal document that offers any kind of
investment or any business deal between the reader and SOCIAL NFT
Marketplace platform. SOCIAL NFT Marketplace team does not provide any
suggestion to buy the tokens for any particular game or NFT’s from any Tier. The
possibility of mistakes in this white paper cannot be altogether denied. We do
not guarantee or warrant, and accept no legal liability whether direct or
indirect, consequential, compensatory, incidental, actual, exemplary, punitive,
or special (including but not limited to lost capital, profits, loss of revenue, or
third-party loss whether foreseeable or otherwise, trading losses or damages,
data, use, goodwill or other intangible losses) as the result of its ecosystem
activities arising from or connected to the accuracy, reliability, currency, or
completeness of any material in this whitepaper notwithstanding any
negligence, default or lack of care, is disclaimed.