The music NFT platform God of Musician (G.O.M) announced a new mining mechanism for GMiner NFTs, and the project is set to launch in August.
The platform airdrop event attracted up to 300,000 people right away.
According to reports, GodMusician aims to create the biggest NFT DeFi music community in the world. The new financial and economic paradigm will include cryptocurrencies, Music Web 3.0, and Music Metaverse.
From an ideological standpoint, this concept aims to increase democracy, decentralization, and fairness in the music and content distribution marketplaces.
Through this musicians will receive immediate rewards by displaying the music NFTs and uploading their own compositions.
Benefits from the GMiner NFT
God of Musician modified the first Auction model. By improving the market and changing the price on both sides in accordance with market conditions, GMiner pre-sales assist in achieving a balance in local demand for investors and projects.
This demonstrates the platform’s stability from a financial standpoint and the blockchain’s open and transparent functioning.
The price at which GMiner NFT is sold is determined by the market, not by a set selling price. Every time a sale occurs during the price reduction period, the selling price is raised to compensate for the change.
Additionally, the price decrease is performed once more after a certain period of time if there are no sales.
However, the only method for generating GOM coins at the start of the project is through GMiner NFTs. As an improved version of Bidding, it is currently available for pre-sale and has enhanced pricing.
By offering products at the best rates recognized by the market, these price-cut auctions enable both buyers and sellers to benefit.
The improved Auction approach assures those token NFT sales are not impacted by temporary market volatility, permits fair pricing in the market, and offers some level of investor protection.
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Source: https://beincrypto.com/god-of-musicians-much-anticipated-upgraded-auction-will-launch-soon/