Creaticles price

CRE8

#2674

Creaticles is the first NFT marketplace that offers on-demand purchases of NFTs. It sees several potential use cases and target audiences:

• Crypto start-ups can request NFTs that mark a particular milestone reached. This could be a testnet or mainnet launch, a partnership, or a particular user threshold the project surpassed.
• Traditional companies and enterprises can enter the NFT space and pick out talented artists to do customized work.
• Individuals or collectors that look for specific and unique designs can also celebrate individual achievements or special events like anniversaries, graduations, and others.

Creaticles will offer three different modes of NFT rewards to provide maximum flexibility for both parties:

• In the single winner mode, the entire prize goes to a single winner selected by the party requesting the NFTs. An unlimited number of entries from artists can be submitted.
• In the funnel mode, the requesting party sets tiers of rewards and selects a winner for each tier.
• In the faucet mode, an equal amount of tokens goes to each creator.

Creaticles will also feature a community treasury, where unrewarded tokens will be redistributed back to the token holders.

CRE8 will have a total supply of 1 billion tokens. CRE8 will be mined through active participation on the platform, like requesting or submitting NFTs. The website does not offer any information on the token distribution but details the following use cases for CRE8, which will be the native utility token of Creaticles.

• CRE8 will be used as a means of payment on the Creaticles dApp.
• CRE8 holders will receive rewards in the form of buybacks and staking.
• The platform plans to manage reputation based on the mining of new CRE8.
• CRE8 will be used as a governance token for decisions impacting the future of Creaticles.
• CRE8 holders will be able to request and submit premium NFTs.

CRE8 will be an ERC-20 token on Ethereum and Polygon. Creaticles first plans to deploy on these two blockchains but aims to be chain-agnostic in the long term.

Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Polygon is a layer-two scaling solution for Ethereum that allows for increased transaction throughput, meaning there are no gas wars on Polygon.

Check out Rarible (RARI) —one of the most popular NFT marketplaces.

Check out Kalao (KLO) — another NFT marketplace.

Learn how NFTs work in our guide to non-fungible tokens.

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