Dubai, United Arab Emirates, May 25, 2022 – Recently launched non-fungible token (NFT) trading platform Golom has announced its genesis period from today until June 25, followed by an airdrop.
Created by a group of NFT traders and developers, the new platform offers a flat trading fee of 0.5% on trades. 100% of the trading fees accrue to the stakingrs, thanks to the platform’s curve-shaped staking mechanism. Users can decide what royalties they want to pay — for example, they can pay additional royalties if they like the progress of a project.
Decentralized at the core
Golom offers a core permissionless protocol to the Ethereum ecosystem that promotes decentralization, and order books are publicly available on the Polygon blockchain. Unlike other closed exchanges which can stop trading at any time, Golom users can submit and execute orders without using a front end. The protocol also allows other exchanges and front ends to connect to a common liquidity pool, using a public indexer on Polygon, to start earning GOLOM token rewards.
Pro-analytical trading tools
Golom offers analytical tools such as collection and trait analyses, rarity checks and portfolio analysis, among other features absent from key exchanges such as OpenSea. These tools can help traders effectively analyze NFT collections and individual NFTs to help them make better choices.
One of the unique features of Golom is the portfolio analysis – a user can enter their portfolio address and see the NFTs and the profit and loss of their portfolio with just one click. Users with multiple cold and hot wallets can link each wallet to view their cumulative profit and loss.
Golom has a unique community rewards mechanism: there are no token sales or allocations to the founding team or a venture capitalist. Of the total supply of GOLOM tokens, 15% will be airdropped to NFT traders based on their historical volumes, 5% will be given to initial traders during the genesis period, 10% will go to project treasury, and the 70% remaining will be awarded to users who trade or bet.
The inflationary rewards of GOLOM tokens will prevent diluted emissions, and punters can also earn 100% of platform fees. Traders and other exchanges using Golom will earn a percentage of emissions once stakers are compensated.
Golom is founded by pseudonymous Lord of the Rings themed NFT traders and developers around the world. Its mission is to provide a decentralized NFT trading platform to the community.
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