ParamountDax New Product Sneak Peek: The NFT Marketplace!

Dear Users and Traders,

We are happy to give you a brief explanation and sneak peek of one of our many new products, coming soon to ParamountDax Crypto Exchange: The NFT Marketplace!

You may have used already decentralized NFT marketplaces, but our will be different from the rest, it will be done in our way and we’ll push on innovation and expandability for future services to come after launch.

It will be decentralized, but with the security features of a centralized crypto exchange, regarding faulty smart contracts that can be hacked, errors while buying or selling 1 or more items at once, and many other examples. We plan to counterbalance every Cons by leveraging the centralized structure of our exchange to balance them out, and adding from there only Pros.

Now let’s start our sneak peek with one section inside the marketplace: The Live Bidding section!

Live Bidding

Here, you will be able to sell and buy via the classic Ebay-style bids and auction system. If you want to buy an NFT, you will need to place a Bid, the higher you place it (in price or in ETH qty for example), the higher your chances of winning the auction will be!

Also, inside our marketplace you will be able to directly create your own NFT by uploading a small video or still image (even a GIF if you want).After you have created it, it will be yours and will be sent inside your decentralized wallet of choice (we are gonna support Metamask and a few others crypto wallets on launch, more to follow).

Ending Thoughts

We are still weeks away from release, and everything you have seen or read in this sneak peek is a work in progress and is subject to be changed (to improve the core functionalities or the core design for example).

We are very eager to show you the final product and give you a release date!

Thank you for reading this through, if you don’t want to miss anything please stay connected and follow us over our various socials (Facebook, Twitter, Instagram, Telegram), our Medium page and our Newsletter!

Best Wishes to all of You,

The ParamountDax Team