NIKPLACE (NIK) is now available for trading on LBank Exchange

by James · April 9, 2023

Road Town, British Virgin Islands–(Newsfile Corp. – April 9, 2023) – LBank Exchange, a global trading platform for digital assets, has listed NIKPLACE (NIK) on April 7, 2023. For all users of LBank Exchange, NIK /USDT – trading pair is now officially available for trading.

NIKPLACE (NIK)

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As a NFT art platform, NIKPLACE (NIK) wants to add better thinking to the old way so that people can have better, progressive and enjoyable experiences. Its initial token NIK has been listed on the LBank Exchange at 8:00 UTC on April 7, 2023, to further expand its global reach and help it achieve its vision.

Introducing NIKPLACE

NIKPLACE, the artwork NFT’s art technology platform, seeks to create an ecosystem to provide a reliable and sustainable service environment for creators and collectors. Therefore, NIKPLACE has built its own Klaytn-based protocol called ‘NIK Protocol’ to provide a platform that revitalizes the art market and makes art fun by using the NFT token NIKX to transform various artworks into NFTs for transaction.

The NIKSPACE team stores artworks and their guarantees in NFTs that can operate on such a blockchain platform. Since a work is stored on the blockchain as an NFT, the origin of the work is established when it is traded, thereby ensuring the originality of the work and preventing the controversy of counterfeiting.

In addition, it is environmentally friendly and permanent compared to paper guarantees, since it is not necessary to issue a labor guarantee several times. Works of art are stored as NFT so that provenance can be traced and smart contracts can be used, which guarantee the artist’s resale right. Royalties can also be distributed to collectors and galleries participating in the transaction, creating an ecosystem where everyone can grow together.

Galleries have an eye for spotting great artists and works, and apply this to the NIKPLACE ecosystem. A unit that primarily selects artists and works is put in place by actively including galleries as players in the ecosystem. This makes it possible to curate works and block the possibility of registration of forgery and imitation of works. The NIKSPACE team also has its own work curation team to curate and select great works for clients across the platform. Furthermore, it plans to introduce an original author verification system using AI on the platform to encourage more active registration of works.

The NIKPLACE platform has various features including NIKHOLDER, an e-wallet acquired by subscribing, which can store NIKPLACE TOKEN (NIK) and NFT (NIKX). The work can be marked on NIKPLACE with the accounts of gallery administrator, artist administrator or NIKPLACE admin. When NFT works are first registered on the platform or released through Drops, NFT works can be acquired in the form of purchases in the primary market. And the work can be bought with real money including card payment.

NFT artwork purchased on the NIKPLACE platform can be resold on the platform. When a buyer resells the NFT, the profit is generated from the resale amount minus the acquisition amount of the work, just like in traditional real transactions. The profit generated is distributed as royalties on a differential basis to the last painting owner, the original artist, the gallery and former painting collectors according to the distribution rule. This process is called “Connecting Benefit” on the NIKPLACE platform.

Furthermore, there is also the NFT Auction, a secondary market used to sell NFTs purchased in the primary market to other collectors, which consists of an auction system. NFT Auction uses the NIK token for transaction stability and connection benefits are used. Additionally, with the feature to transfer tokens as NFT from wallet to wallet, users can send and receive NFT as a gift between NIKPLACE members. They can also transfer tokens to an external wallet.

As NIKSPACE’s first project, NIKPLACE tries to challenge the problems and limitations in the field of art and content that make people more human, so that people can have better, progressive and pleasant experiences.

About NIK Token

NIK is the native token of the NIKPLACE platform. It can be used for payment and provide rewards to users who perform platform activities, marketing and promotional activities that help enable the NIKPLACE services. There are different types of rewards, such as issuing NFTs, promoting on social media, recommending friends and buying NFTs. The amount of rewards varies depending on the difficulty, the value of NIK and the market circulation of NIK, which will affect the total amount of NIK mining.

Based on the Klaytn network, NIK has a total supply of 2.3 billion (i.e. 2,300,000,000) tokens, of which 10% is given for private and public sale, 33% is reserved by the company, 3% will be used for project operation and development , 1% is given for rewards, 10% is allocated to business partners, 1% will be used for marketing, 2% is allocated to the team and advisors, and the remaining 40% is allocated to the ecosystem expansion.

The NIK token has been listed on the LBank Exchange at 8:00 UTC April 7, 2023, investors interested in NIKPLACE can easily buy and sell it on LBank Exchange right now.

Learn more about NIK Token:

Official website: https://nikplace.com/main

Telegram: https://t.me/NIKPLACEGLOBAL

Discord: https://discord.com/invite/zrTCrvfSNj

Twitter: https://twitter.com/Nikplace_NFT

About LBank

LBank is one of the best crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services and secure crypto trading to its users. The platform has over 9 million users from more than 210 regions worldwide. LBank is a pioneering growing platform that ensures the integrity of users’ funds and aims to contribute to the global use of cryptocurrencies.

Start trading now: lbank.com

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