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Binance NFT implemented the latest features update under the name of “subscription mechanism”


Binance NFTs update monthly but this one could b the highlight one. It looks forward to running a fair and equal market for all participants to get NFTs at the early moments and initial sales.

As NFT market is expanding and its sharp growth make it more competitive among technology lovers, Binance NFTs plans “subscription mechanism”.

Binance NFTs introduce two big NFTs, Marvel and Jimmy Choo in its latest update.
Don’t miss a fair trade, we recommend you to read the following phases

1) preparation phase: you have to hold some BNB tokens afterward set it by the NFT creator. The required amount of tokens is determined by the creators that conduct the NFT sale.

2) Subscription phase : After getting BNB tokens, every credible & qualified users will receive participation tickets which have purchase limits per user set by creators. It means the More tickets users will receive, the more chance they have to purchase NFTs.

3) calculation phase: Binance will choose winning tickets randomly. They definitely do it in a fair way. Users who have the winning tickets, later they can take part in primary sale.

4) distribution phase: the BNBs which are held by users who won the winning tickets are deducted so system releases the unused tokens for the rest.

In recent months NFTs have had incredible growth, it’s possible to surpass other digital markets.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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