Vancat, an innovative NFT marketplace

Vancat, an innovative NFT marketplace token listed on BitMart Exchange

The premier global digital asset trading platform BitMart listed Vancat on May 4, 2021. For all BitMart users, the VANCAT/USDT trading pair is now available for trading.

Vancat is an innovative platform that allows users to easily deposit BEP-20 tokens into nonfungible tokens, which then can be held in a basket with a number of other tokens. The Vancat token is the governance token of the platform. 

The platform released the first decentralized application on top of the Vancat token protocol, focusing on art and collectible NFTs. The app works as a marketplace that allows users to mint or create their own NFTs or purchase NFTs created by other users.

Vancat has also created a new way of minting NFTs, called “Vancat Fertilization,” where users must have both the Vancat sperm token (VCSPERM) and the Vancat egg token (VCEGG) to begin the fertilization process. For every fertilization, 10 million VCSPERM and 1 VCEGG are burned to create two transaction hashes. With these two hashes, artificial intelligence technology will be used to generate a code, or DNA, for creating unique NFTs. 

“The Vancat platform undoubtedly infuses new life into the NFT world,” BitMart founder and CEO Sheldon Xia commented, adding: “The platform provides more opportunities for NFT artists, and we believe the listing of Vancat on BitMart will carry the development of the NFT marketplace forward.”

“NFTs are the future of art,” Vancat marketing manager Bill Musk commented, also saying: “BSC [Binance Smart Chain] is the cheapest way to create NFTs, and Vancat is the best platform to mint, buy and sell NFTs.”

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and is ranked among the top crypto exchanges on CoinGecko. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit its website, follow it on Twitter or join its Telegram for more updated news and promotions. Download the BitMart App to trade anytime, anywhere.

About Vancat

Vancat is a new protocol layer that opens the door to a new world of NFTs. The project released the first decentralized application on top of the Vancat token protocol, focusing on art and collectible NFTs. Vancat token allows users to easily deposit BEP-20 tokens into NFTs. To learn more about Vancat, please visit its website and join its Telegram.

This is a paid press release Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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