Craft network

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Description

Craft Network is a decentralized NFT marketplace on the ICON Blockchain, driven by community ownership. Utilizing the $CFT governance token, users can reduce platform commissions to zero. Future feature expansions include staking and DeFi integrations to offer enhanced user utility and engagement.

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FAQ

What is Craft Network?

Craft Network is a decentralized NFT marketplace built on the ICON Blockchain. It is designed to empower its community through the use of the $CFT governance token, which allows users to significantly reduce platform commissions. Craft Network aims to enhance user engagement by integrating additional features like staking and DeFi functionalities.

How does the $CFT governance token work?

The $CFT governance token is a central element of the Craft Network, granting holders the ability to lower platform commissions to 0%. By possessing these tokens, users participate in the marketplace's governance and enjoy reduced fees, incentivizing greater community involvement and investment in the platform.

What are the benefits of using Craft Network over traditional NFT marketplaces?

Craft Network offers several advantages over traditional NFT marketplaces, including decentralized governance and reduced fees through the $CFT token. As it operates on the ICON Blockchain, it ensures transparency and security. Additionally, the future integration of staking and DeFi functionalities presents expanded opportunities for users to interact and profit from the platform.

What upcoming features can users expect in Craft Network?

Craft Network plans to introduce staking and DeFi functionalities to increase engagement and utility for its users. These developments will allow users to earn more from their participation in the marketplace, making it a more versatile platform for buying, selling, and creating NFTs.

Why is the ICON Blockchain important for Craft Network?

The ICON Blockchain provides Craft Network with a robust and scalable foundation for operations. Its security and efficiency are crucial for a decentralized NFT marketplace, facilitating fast and secure transactions. This blockchain structure supports Craft Network's goals for community governance and future expansions involving staking and DeFi.

How can I troubleshoot common issues when using Craft Network?

For troubleshooting issues on Craft Network, users should ensure they have sufficient $CFT tokens to reduce commissions, and their ICON wallet is properly set up. Ensure all connections and transactions are secure when interacting with the blockchain. For further assistance, visiting Craft Network's community forums or support channels can provide user guidance and problem resolution.

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