Article Summary, Automatically Generated By AI
About Creaticles
Key Points
- Creaticles is a bespoke NFT platform that connects buyers with creators.
- Features: contest modes, commission mode, and community mode.
- Founded by Jonathan Chen and Trevor Keith.
- Unique selling point: on-demand purchases of NFTs.
- Target audiences: crypto start-ups, traditional companies, and individual collectors.
- Three modes of NFT rewards: single winner, funnel, and faucet.
- Community treasury for unrewarded tokens.
- CRE8 token: total supply of 1 billion, mined through platform participation.
- Use cases for CRE8: payment
About Creaticles: Empowering Innovation in the Digital Realm
Introducing Creaticles (CRE8): A Revolutionary Digital Asset
Creaticles, touted as the “world’s first bespoke NFT platform,” is poised to revolutionize the digital art landscape. By facilitating on-demand NFT creation, the platform addresses two pressing issues. Firstly, NFT buyers often struggle to find meaningful use cases for their purchases beyond mere price appreciation. Meanwhile, creators face limited opportunities to express their artistic vision due to meager returns on their efforts. Creaticles bridges this gap by connecting visionary buyers, including companies, startups, and collectors, with talented creators, unlocking a new era of artistic expression and collaboration.
The platform will boast a multifaceted architecture, incorporating a range of innovative features, including:
- In a manner akin to bounties, contest modes enable buyers to set a predetermined price for requests, inviting NFT creators to submit their work in response.
- The commission mode facilitates bespoke NFT requests, where buyers specifically solicit creations from a chosen creator or creators.
- In the community mode, buyers allocate a prize pool, distributing it equally among all participants in their NFT contests, fostering a spirit of collaboration and inclusivity.
By doing so, Creaticles aims to broaden the applicability of NFTs, rendering them driven by tangible, real-world demand and grounded in viable, value-driven use cases.
The Visionary Founders Behind Creaticles
Creaticles was co-founded by visionary entrepreneurs Jonathan Chen and Trevor Keith, backed by a seasoned core team comprising crypto and NFT aficionados, including Diderik van der Graaf, James Parker, and Dylan O’Farrell, who bring a wealth of expertise to the table.
Unveiling the Unparalleled Attributes of Creaticles
Creaticles pioneers the NFT marketplace landscape by introducing on-demand purchases of unique digital assets. This innovative platform envisions multiple potential use cases and caters to diverse target audiences:
- Crypto start-ups can commission bespoke NFTs to commemorate significant milestones, such as the launch of a testnet or mainnet, the formation of a strategic partnership, or the attainment of a notable user threshold.
- Established companies and enterprises can venture into the NFT realm, handpicking talented artists to create customized, one-of-a-kind pieces.
- Discerning individuals and collectors seeking unique designs can also utilize NFTs to celebrate personal achievements or commemorate special occasions, such as anniversaries, graduations, and other momentous events.
Creaticles will introduce a trifecta of NFT reward modes, thereby providing unparalleled flexibility for all stakeholders involved.
- In the single winner mode, the entirety of the prize is awarded to a solitary winner, handpicked by the party commissioning the NFTs, with an unlimited number of submissions accepted from artists.
- In the tiered, or funnel, mode, the requesting party establishes a hierarchical system of rewards, selecting a winner for each distinct tier.
- In the faucet mode, a uniform distribution of tokens is allocated to each creator, ensuring an equal share for all participants.
Notably, Creaticles will also boast a community treasury, wherein unclaimed tokens will be redistributed to token holders, fostering a sense of shared prosperity.
What Is the Circulating Supply of Creaticles (CRE8) Coins?
CRE8 boasts a total supply of 1 billion tokens, which will be mined through active engagement on the platform, such as requesting or submitting NFTs. Although the website remains silent on token distribution, it outlines the following use cases for CRE8, the native utility token of Creaticles.
- CRE8 will serve as a preferred medium of exchange within the Creaticles dApp ecosystem.
- Holders of CRE8 will be eligible to receive rewards in the form of token buybacks and staking incentives.
- The platform intends to implement a reputation management system, wherein the mining of new CRE8 tokens will play a pivotal role.
- CRE8 will function as a governance token, empowering holders to participate in decision-making processes that shape the future trajectory of Creaticles.
- CRE8 holders will be granted the privilege of requesting and submitting exclusive, premium NFTs.
Ensuring the Integrity of the Creaticles Network: A Robust Security Framework
CRE8 will be an ERC-20 token, strategically deployed on both the Ethereum and Polygon blockchains, with a long-term vision of achieving seamless interoperability across multiple chains, thereby ensuring a chain-agnostic presence.
Ethereum stands as one of the most prominent blockchains, serving as the preferred platform for a multitude of decentralized applications. Its proof-of-work consensus mechanism necessitates the mining of new Ether, thereby ensuring that Ethereum remains one of the most secure blockchains within the cryptocurrency realm. A network of decentralized nodes validates transactions and fortifies the integrity of the Ethereum blockchain.
Polygon is a layer-two scaling solution for Ethereum, facilitating a significant boost in transaction throughput, thereby eliminating the need for gas wars on the Polygon network.
When Will Creaticles (CRE8) Trading Commence?
Currently, Creaticles remains in the testing phase, with no official launch date announced for its native cryptocurrency, CRE8.
Associated Resources:
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