Tron Auction NFT Marketplace

Your most welcome , @Anderson and @Chukseucharia , I have added the Demo video for the Tron Auction NFT Marketplace and the smart contracts here in the forum too.

Happy to answer any further questions :slightly_smiling_face:

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Very impressive , These features indeed look nice to have and they will stand out in the future.

All major chains have more than 1 or 2 NFT marketplaces, so this is indeed amazing to have more variety on Tron.

Do you have any plans to integrate natively within the TronLink wallet as well in the future ?

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Thanks for your kind words, @abhishek ! We’re excited about the future of TronPremiumNFTHub, and you’re absolutely right ,native integration with TronLink is a key part of our roadmap.

Our goal is to provide a seamless user experience, so integrating TronLink natively will allow users to connect, trade, and manage their NFTs without ever leaving their wallet interface. Imagine browsing the marketplace and making bids on auctions directly within your TronLink wallet! :smile:

This kind of integration is what will set us apart and make NFT trading even easier for our users. Stay tuned for updates on this front!

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I also Love the idea of renting Tron NFTs! But how does the rental system work exactly? Is there any risk for the owner or renter when using this feature?

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Great question again, @abhishek ! Our NFT rental system is designed to be completely secure using well audited smart contracts.

Here’s how it works: The NFT owner lists their asset for rent, setting the rental terms (duration, price, etc.), and the renter agrees to those terms via a secure smart contract. During the rental period, the renter has full access to the NFT’s utilities, but the ownership remains locked in the smart contract—meaning the NFT is safely returned to the owner when the rental period ends.

The risk is minimal for both parties since everything is governed by blockchain technology and smart contract protocols. This way, both owners and renters can engage confidently!

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Hi Team, What unique features set TronPremiumNFTHub apart from other NFT marketplaces, particularly those on different blockchains?

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Hey @monster , thank you for the great question! We’re thrilled to explain what makes TronPremiumNFTHub stand out, especially in a sea of NFT marketplaces across different blockchains. Here’s what sets us apart:

  1. Auction-Based Trading with Time Slots: Unlike traditional NFT marketplaces where assets are either listed indefinitely or sold directly, we offer a unique auction-based trading system. Sellers can set time slots for auctions, ensuring their NFTs receive maximum exposure during peak market hours. This creates a competitive environment and maximizes value for both sellers and buyers.

  2. Low Transaction Fees on Tron: Thanks to Tron’s high throughput and minimal gas fees, users can trade and mint NFTs without worrying about expensive transaction costs. This is a huge advantage over Ethereum and other blockchains with high gas fees, making TronPremiumNFTHub much more accessible to users.

  3. NFT Rentals via Audited Smart Contracts: A unique feature we offer is the ability to securely rent out NFTs through smart contracts. This means NFT owners can generate passive income while maintaining ownership of their assets. Meanwhile, renters can access high-value NFTs for a limited time without purchasing them outright. This is particularly useful for gaming and virtual worlds, where users might want temporary access to certain assets.

  4. Security and Transparency: Every transaction on TronPremiumNFTHub is governed by audited smart contracts to ensure security and transparency. This is crucial for fostering trust in the marketplace and ensuring that users’ assets are protected at all times.

  5. Cross-Platform Potential: We are also exploring cross-chain NFT compatibility through technologies like LayerZero and Polkadot, which will allow Tron-based NFTs to be traded or moved to other blockchains. This flexibility will give users access to a larger market and open new doors for cross-chain utility.

  6. Advanced Analytics for Traders: Users on TronPremiumNFTHub have access to detailed analytics regarding NFT market trends, price history, and user behavior. These insights empower users to make informed trading decisions, which is not something you commonly find on every NFT platform.

  7. Community-Centric Approach: We are deeply committed to fostering a thriving community. We’ll host regular events like exclusive NFT drops, reward programs, and even DAO governance, where users will have a say in the platform’s direction.

These unique features make TronPremiumNFTHub a robust, user-friendly, and future-ready NFT marketplace. We’re not just building for today’s market—we’re shaping the future of NFT trading on the Tron blockchain and beyond!"

Let me know if you have any more questions! :wave:

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Thank you for this detailed approach to preventing low quality or copyright NFTs flooding the marketplace. For the community base moderation, will there be any incentives for users who actively participate in reporting and verifying content to help motivate them to keep engaging. If yes, how will you structure it?

Thank you for your support

Love how you detailed the explanation I just really hope it comes to fruition because am just pondering how you will manage to fund development part combining with marketing especially paying influencers , how do you plan to tackle the funding aspect

Thanks for such a detailed answer, I appreciate.
I’m really intrigued by the auction-based trading system with time slots. Could you elaborate on how sellers optimize these time slots for peak market exposure? Or is it just based on the sellers understanding

@admin.hackathon @SimbadMarino @WindsOfChange92 @adeel @Gordian @Prince-Onscolo @fabsltsa @Nweke-nature1.com @manfred_jr @Youngyuppie @Relate101 @Okorie @ines_valerie @fabsltsa @Chizz @Chukseucharia

All the forum responses and images are ChatGPT generated or taken without permission of owners as @Akainuu mentioned, MVP is not working too. Check this project in detail!

  • private DevPost user (for a reason)

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Welcome to the hackathon session 7
How do you plan to generate revenue for your project to maintain its sustainability.
Will you charge fees for the trading, auctioning, and renting of NFTs on the platform?

@leohymon bro stop just criticising for lame reasons. I have already clarified on @Akainuu and in response I have already removed those images. You should respect my response as well. Also it wasnt that it was released on mainnet and I was trying to take any monetary benefit out of it.

Regarding the response , it was all written by me and refers to the features that my project provides.

Hello @Chizz thank you for asking , yes . We will charging a very fraction amount of the fees from the users. Also we will be keeping it very less and based on the number of users and transactions on the platform . We are planning to generate a good revenue for the platform.

I can criticise for any reason which I see as valid. If it is not okay, admin would warn, not you.

No extra comment for the rest of the paragraph. You put your thoughts respectfully except the first sentence

Ok thank you for clarifying this but I further want to know how the fee will be structured. Will it be charged on certain percentage of the transaction or a flat fee for all users?

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How do you plan to secure funding for development and marketing, particularly in relation to paying influencers?

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How will the Covalent API help users check their transaction history? Can users filter this data in any way?

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Great follow-up question, @Chizz ! We’ve given a lot of thought to the fee structure to ensure it’s fair, competitive, and sustainable for both buyers and sellers.

We came up with a dynamic fee structure that will ensure that everyone—whether trading high-value NFTs or renting assets—has an accessible and fair experience on TronPremiumNFTHub. Plus, by leveraging Tron’s low transaction costs, we can keep fees much lower than many Ethereum-based platforms."

Here’s how it will work on TronPremiumNFTHub:

  1. Transaction Fee Percentage:

    • We will charge a small percentage fee per transaction. This ensures that the fee is proportional to the value of the NFT being traded, making it equitable for users trading assets of varying worth.
    • The percentage fee is aligned with industry standards but lower than many other marketplaces on networks like Ethereum, thanks to Tron’s low operating costs.
  2. Zero Listing Fees:

    • Users can list NFTs for free on the marketplace. We believe creators should not be burdened with upfront fees just to showcase their work, encouraging more users to join and list their digital assets.
  3. Flat Fee for Rentals:

    • For NFT rentals, a flat service fee will apply, which is deducted when the rental contract is initiated. This fee covers the cost of executing the rental smart contract and ensures secure transactions between owners and renters.
  4. Discounts and Fee Reductions:

    • Early adopters and loyal users will be rewarded with discounted fees through our referral program and loyalty rewards.
    • Users participating in platform governance via DAO voting will also get reduced transaction fees, creating incentives for active community engagement.
  5. Revenue Redistribution:

    • A portion of the fees collected will be reinvested into platform development and reward pools for NFT creators and active traders, keeping the ecosystem thriving and rewarding our community members.