One of the big problems facing DeFi and NFT platforms is the lack of practical and useful services for their users. In addition, finding projects that focus on the user experience and are in the Binance Smart Chain (BSC) is still difficult.
Besides enjoying a fast and low-fee network, those involved in this market want their applications to be optimized, transparent, and user-friendly. After all, what’s the point of being on a leading platform in the most promising ecosystem of the blockchain medium and not fully enjoying the benefits?
BSC Station is attempting to solve this problem. The platform decided to be a differentiator in the network of the market’s leading exchange.
Get to Know BSC Station
BSC Station (BSCS) aims to build a full-stack DeFi with NFT auction on the BSC.
BSCS is a community ecosystem that helps users access DeFi platforms easily, securely, and cost-effectively. Moreover, it is the most convenient bridge to connect users and application products on the Binance Smart Chain ecosystem and other blockchain protocols.
The platform uses the sharing economy model for profit sharing. This provides better liquidity farming and liquidity services to crypto traders and farmers. Depositors provide liquidity for the market to get passive income through the platform’s token, BSCS.
For the NFT market, it has developed the BSC Startpool. This helps projects distribute their token to a wider audience. Besides, cryptocurrency investors and users can get attractive returns in the form of new tokens. This is an innovative solution that gives advantages to both users and quality crypto projects.
Product Viability
BSC NFT Station SDK
The SDK will standardize all NFT assets related to the Auction feature. It provides a clear set of tools, documentation, and rules to help ensure a fair and efficient auction for buyers and sellers.
BSC Smart Security (BSCSS)
BSCSS is a smart security contract of the BSC protocol-based marketplace payment platform. It is designed to make the buying and selling of any NFT goods or services easy and better protected.
Auctions
Auction is one of the most prominent features of the BSC Station platform. This is a highly efficient mechanism for realizing resource configuration in the face of inadequate information.
Auctions can be categorized into three types of procedures auctions. The categorization depends on the occurrence of a price development during an auction run and its causes.
Encryption algorithm
BSC NFT protocol smart contract uses the unique encryption algorithm, encrypts all bids, and ensures that all bids cannot be changed and encrypted information is irreversible.
Fixed-price contract
Fixed price refers to a leg of a swap where the payments are based on a constant interest rate. However, it can also refer to a negotiated price point that is not subject to change under normal circumstances.
NFT holders can sell their NFTs on the blockchain by a smart contract of BSC NFT protocol in the form of pending order and designate for the NFT.
Tokenomics
BSCS is the governance token of the platform. Its holders have several benefits including liquidity farming, transaction fee-sharing in the BSCS Launchpool, and other profit-sharing activities in the BSC Station ecosystem to maximize profits.
Binance Smart Chain Station is working to provide value to customers using Binance Smart Chain, through creating a community ecosystem that is easy to operate in. Such innovations are helpful in the larger goal of improving mainstream adoption.
Disclaimer
In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
