Tokenize And Trade
From Bored Ape Yacht Clubs to New York City condos, Spume will be the community owned and governed marketplace for trading and tokenizing assets.
Houses Without Banks
One of the most institutionalized and inflated industries in the world is real estate. With the amount of brokers, agents, and other middlemen in this market at an all time high, there is a desperate need for a more efficient and cost effective solution for home buyers and sellers.
Our smart contract process is being crafted around the current, existing legal system instead of waiting for legislation to catch up with blockchain technology. Our tokenization protocols for physical land assets will make the liquidity of real estate be measured in minutes or hours, instead of weeks or months; it will turn four or five necessary middlemen into one.
Art Without Brokers
Digital artwork is thriving on the blockchain with the number of NFT artwork holders growing exponentially. This is largely due to marketplaces like Open Sea eliminating brokers and instead using smart contracts to handle the transacting of fees and NFTs.
We intend to build off of the work done by large marketplaces like Looks Rare and Open Sea. Specifically, both aforementioned marketplaces have vetted and secure smart contract systems which we will combine to yield the best aspects of both.
Tokenization of music and other intellectual work and digital properties gives immense flexibility to the way licenses are handled and royalties are paid out.
We aim to standardize the way royalties and licensing are handled on the blockchain, giving creators complete control over their property and cutting out intermediaries such as record and licensing companies. Specifically, we want standardize the way the tokenization of these items occurs, which will directly lead to further adoption of standardized royalties and licensed use.
The Abolition of Centralized Authority
Every decision about Spume’s marketplace including the design, development, and future expansion will be controlled by the Spume DAO. The Spume DAO consists of two parties, token holders and members. Members are those who work for the DAO and token holders are those who hold SPUME tokens.
The Spume DAO will be controlled by a governance system unlike anything seen today. Most notably, token holders will all have an equally weighted vote regardless of the number of SPUME tokens they hold. Token holders will also be able to add and remove members of the DAO as they see beneficial.
Spume Token Holders Rewards
All transaction fees generated from the marketplace will be given directly back to SPUME token holders proportional to the amount of SPUME the individuals stake. We chose this model for two specific reasons. One, sharing rewards with token holders incentives participation in the governance of the Spume DAO. Two, because the DAO owns 30% of the total tokens, they are obligated to 30% of all the fees the Spume marketplace generates, providing continual funding for future development.
The total supply of SPUME is 100 million. This is a fixed supply, there will be no SPUME minted or burned. The SPUME token has already been created and the total supply can be verified at the Etherscan link below.
Spume is an ambitious ever evolving project. The direction our roadmap takes may shift slightly as we adjust to best realize Spume’s vision: the complete removal of all taxing intermediaries.
It should also be noted that the development of Spume will be incremental. Features involving various add-ons will launch at different times. We do our best with our roadmap to show the development life of Spume, but it often will not be as linear. Most often various real estate features and artwork features will be under development simultaneously.
We are currently building out our events platform that brings off-chain businesses onto the blockchain, and continuing to add features to our NFT marketplace. We are expecting to have the events platform live Q4 2022.
The Spume Team
Each experts in their field, the core Spume team is dedicated to realizing a decentralized autonomously owned NFT Marketplace where holders have the power
We are Prepping for Launch
Join our newsletter to stay up to date on the latest developments of Spume. Our mainnet NFT Marketplace and our token have just launched. You won’t want to miss this.