Quartz: The first NFT parachain on Kusama
What is Quartz?
Quartz is a Substrate-based NFT platform that brings to Kusama the full spectrum of both the essential and advanced NFT Tools and marketplace features.
For developers, Quartz will be an amazing platform that will give them easy and low-barriers access to build their own NFT marketplace.
Quartz is also a canary network of Unique Network that will try to get a parachain slot on Polkadot in the 3rd batch. Both Quartz and Unique have a couple of very special features which makes them a truly innovative solution on the NFT market
- customizable marketplaces — anything from a gallery, market or wallet can be built by using native open-source white label solution, so the marketplace creation will take not more than one hour
- flexible economic models — features such as sponsored transaction fees, scheduled transactions or subscriptions
- advanced ownership and management — NFTs can be rented, displayed and managed by delegated parties, refundable NFTs can be distributed by the owner
QTZ tokenomics
Quartz has its own native token QTZ, which will serve mainly as a payment for the transaction both for NFTs themselves and smart contracts. Another purpose of QTZ will be staking that will serve also for governance.
Total supply: 1,000,000,000 QTZ
Circulating supply at Genesis: 36,697,268 QTZ
Inflation: 10% in year 1, decreasing to 4% by year 10
Token distribution:
- 39 % — treasury
- 8 % — crowdloan
- 15 % — angel
- 20 % — private sale
- 18 % — team and advisors
Quartz listing on exchanges
Quartz won the 14th parachain auction on Kusama by raising 54 385 KSM worth $10 101 464.
Very soon, Quartz will enable balance transfers on its network and become the first functioning NFT parachain on Kusama ever!
Together with this event, the QTZ token will be listed on various exchanges.
The first exchange that will list QTZ token is MEXC. It will happen tomorrow, on 8th February. So be ready tomorrow at 13:00 UTC!
RMRK partnership — even more NFT usecases
Unique and Quartz will be partners with RMRK and its first NFT collection called Kanaria, which is the first NFT launchpad framework that is built on Kusama. This partnership will bring even more NFT usecases to the Kusama (and Polkadot) ecosystem.
“Our partnership with RMRK takes this sector to its next logical iteration — NFTs that can interact with each other, own each other, evolve with each other, and are governable by DAOs.” stated Alexander Mitrovich, co-founder of Unique Network.
Also, consider supporting us by the nomination of your tokens to Kusama or Polkadot validator going by the POLKADOTTERS name.
