Article Summary, Automatically Generated By AI
Summary of NFTBooks
Main Points
- NFTBooks is an NFT project for ebooks, books, magazines, and articles.
- It aims to provide affordable access to books without piracy.
- The project has five parties: author, lessor, reader/borrower, investor, and translator.
- NFTBooks plans to offer an improved marketplace, merchandise store, and scale to 1,000,000 token holders.
Founders and Team
- The project has a team of eight, mostly based in Australia.
- Co-founder Chau Nguyen is a crypto and blockchain enthusiast.
- Advisor Allan Nguyen is a financial
About NFTBooks: Unlocking the Future of Digital Collectibles
Introducing NFTBooks (NFTBS): A Revolutionary Digital Asset
NFTBooks is an innovative NFT project dedicated to revolutionizing the realm of digital literature, encompassing e-books, books, magazines, and articles. Its primary objective is to provide readers with an affordable and convenient means of accessing literary content, eliminating the need to scour the internet for pirated materials. Guided by four core principles, NFTBooks strives to bring about a transformative shift in the way people consume written content.
- By offering immense value to readers at a minimal cost, it establishes a compelling model.
- Its ultimate goal is to create a highly scalable and universally accessible platform, catering to the diverse needs of book enthusiasts worldwide.
- It ensures a fair and equitable distribution of value among all users, promoting a sense of community and cooperation.
- By fostering healthy competition between authors and book owners, it stimulates growth and innovation, driving the ecosystem forward.
The project’s ecosystem is comprised of five integral components: authors, lessors, reader/borrowers, investors, and translators. This innovative framework seeks to revolutionize the current state of the book and publishing industries. By providing readers with legitimate access to books through the NFTBooks ecosystem, the project aims to eradicate the need for pirated materials, ultimately benefiting both readers and authors alike.
In the future, NFTBooks envisions a robust marketplace, a thriving merchandise store, and a vastly expanded audience of 1,000,000 token holders. Moreover, it seeks to develop a seamless system for borrowing books from lessors and implement a voting mechanism to facilitate book reviews.
The Visionaries Behind NFTBooks: Meet the Founders
NFTBooks boasts a diverse team of eight individuals, predominantly based in Australia, with a significant number of them maintaining a public presence. Notably, one of the project’s co-founders is Chau Nguyen, a prominent crypto and blockchain aficionado residing in Australia.
The project benefits from the expert guidance of Allan Nguyen, a seasoned Sydney-based financial accountant possessing a unique blend of business planning and risk management expertise.
Unveiling the Unparalleled Attributes of NFTBooks
NFTBooks pledges to revolutionize the literary landscape by offering readers an affordable means to access books, while empowering authors to reap passive income rewards over time.
In the NFTBooks ecosystem, authors constitute one of the five key stakeholders, empowered to assume the role of publishers in their own right. By leveraging NFTBooks, they can significantly reduce costs while maintaining creative control. Moreover, their published works are impervious to censorship, and royalties are paid directly to the authors themselves, ensuring they reap the full rewards of their intellectual property.
What Is the Circulating Supply of NFTBooks (NFTBS) Coins?
NFTBS is the project’s utility token, a rebase token featuring an automatic 2% transaction tax on every buy or sell transaction, which is subsequently redistributed back to existing token holders. The total supply of NFTBS stands at 100 quadrillion, with a substantial community of over 45,000 holders at the time of writing.
The NFTBooks Network: A Fortress of Security
NFTBS is a token native to the Polygon network. Notably, Polygon’s security is ensured through a proof-of-stake consensus mechanism. Every 24 hours, a cohort of 21 validators is elected to validate transactions and maintain the integrity of the blockchain. To be eligible for this role, these validators must stake a predetermined amount of MATIC coins with Polygon.
Where to Acquire NFTBooks (NFTBS): A Comprehensive Guide
We are thrilled to announce that NFTBS is now accessible on Quickswap, further expanding its reach and usability.
Lessees Acquire Literary Works from Authors or Fellow Lessees, Generating Profit through Leasing
By relinquishing the rights to owned books or reselling them to others,
NFTBooks empowers lessors to play a pivotal role in its ecosystem. This
arrangement not only ensures profitable returns for authors but also enables
readers to access books at increasingly affordable prices.
Readers and borrowers reap the most benefits from NFTBooks, as this innovative project
As the platform expands, readers will benefit from increasingly competitive pricing for borrowed books, while authors will reap the rewards of growing profits as their commissions swell.
Notably, investors and traders who possess the NFTBS token are empowered to
They can leverage the platform to rent or purchase books, or even publish their own titles. Additionally, they can boost their profits by acquiring books directly from authors or earning commissions from transactions within the network.
Translators Can Unlock Equivalent Earnings to Authors by Delivering Exceptional Quality
Translations of literary works. Authors establish a commission to determine the earnings of translators based on their work. It is only logical that a book’s translation quality has a direct impact on its appeal to the audience, subsequently influencing its profit potential.
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Delve into the fascinating realm of NFTBooks in our in-depth exploration.