🔄 How SR3TNFT Works

Our platform combines the best of blockchain technology with user-friendly interfaces to create a seamless experience for NFT enthusiasts of all experience levels.

NFT Collection and Minting Process

SR3TNFT features exclusive, high-quality NFTs curated from the following sources:

• Renowned Digital Artists: We partner with established and emerging artists who create unique digital artworks specifically for our platform

• Influential NFT Creators: Industry-leading NFT creators who understand market trends and value creation

• Exclusive Partnerships: Limited edition collections from brands, celebrities, and cultural icons

• Community-Selected Artists: Up-and-coming creators selected through our community voting system

Each NFT undergoes a rigorous selection process before being minted directly on the Base blockchain. Our curation team evaluates artworks based on:

1. Artistic merit and innovation

2. Creator reputation and history

3. Long-term collectible potential

4. Technical execution quality

5. Community interest and feedback

Once approved, the NFT is permanently minted on the Base blockchain with verifiable on-chain metadata, ensuring authenticity, provenance, and quality.

Trading Mechanism Explained

When you purchase an NFT on our platform, a series of synchronized actions occur:

1. Transaction Initiation: You click "Buy" and confirm your purchase

2. Smart Contract Execution: Our platform's smart contracts execute the transaction on the Base blockchain

3. Ownership Transfer: The NFT is transferred directly to your SR3TNFT wallet on the blockchain

4. Price Recalculation: The system calculates the new price (increasing by 6.9% to 8%) for the next buyer

5. Metadata Updates: NFT price and ownership information is updated both in our database and on-chain

6. Fee Distribution: The platform fee (3.7%) and creator royalties (2.5%) are automatically distributed

7. Gas Fee Coverage: All blockchain gas fees for these transactions are covered entirely by SR3TNFT

This entire process happens within seconds, with no technical knowledge required from the user. You simply click "Buy" and become the new owner of your digital asset.

Price Increase Model In Detail

Our unique price appreciation mechanism ensures sustainable growth and prevents market manipulation:

• Automatic Appreciation: Every time an NFT is traded, its price automatically increases by a random percentage between 6.9% and 8%

• Algorithm-Based Randomization: The exact percentage increase is determined by our proprietary algorithm based on:

  • Current market conditions

  • Trading volume on the platform

  • NFT category and collection performance

  • Historical trading patterns

• Predictable Growth: This mechanism creates natural market dynamics while ensuring steady, predictable growth for NFT collectors and investors

• Transparency: All price increases are recorded both on our platform and on the blockchain for complete verification

• Tiered Scaling: Different NFT categories may have slightly different scaling factors based on rarity and demand

This model has proven effective in creating a balanced marketplace where both short-term traders and long-term collectors can thrive.