MADNFT Docs
  • Welcome to MADNFT Marketplace Documentation
  • Whitepaper
    • Whitepaper
      • Introduction: Our Mission and Vision
      • Empowering Creators Through Storytelling
      • XP Points: Driving Visibility and Engagement
      • Community-Driven Tokenomics and Referral System
      • Meet the Founders
      • Meet the Team
      • Seamless Social Media Integration
      • Enhancing User Experience with Account Abstraction
      • MADNFT Academy: Tools for Creator Success
      • User-Friendly Platform: Basic and Pro Features
      • Social Verification and Digital ID
      • Top-Level Security and Certification
      • MADNFT’s Potential as a Leading NFT Marketplace
      • Go-to-Market Strategy: Launching on BASE
      • Financial Projections and Growth Potential
      • Split Royalties: Opportunities for Brands and Charities
      • Roadmap: A Chain-Agnostic Future
      • Pathway to Full Decentralization
      • Conclusion: Join Us in Making a Difference
    • Introduction: Our Mission and Vision
  • INTRODUCTION
    • About MADNFT
    • What is an NFT?
      • What is IPFS?
    • What is EVM?
  • MADNFT Marketplace
    • Introduction - MADNFT Marketplace
    • Features Overview
    • XP System
    • MADNFT User Profiles
    • Creating & Minting NFTs on MADNFT
    • FAQs
    • Privacy Policy
    • Terms of Service
    • MAD Academy
      • Welcome to MADNFT!
      • What Are NFTs?
      • Why Choose MADNFT for Your Smart Contracts?
      • Setting Up and Optimizing Your Creator Profile
      • Selecting and Pricing Your NFT Collections
      • Listing and Drop Options: Your Guide to Releasing NFTs
      • Effective Ways to Market Yourself as a Creator
      • Artists Helping Artists: The MAD Community Guide
      • Artists Helping Artists: Strengthening the MADNFT Community
      • Maximizing Your NFT Drops: A Step-by-Step Guide
      • Adding Value to Your Collectors and Audience
      • Adding Value to Your Audience and Collectors: Music NFTs
      • Supporting Projects, DAOs, and Charities on MADNFT
      • Welcome Back to MAD Academy: Exploring NFT Drop Options
    • Testnet
    • Fee Structure
  • MADNFT Smart Contracts
    • Minting Contracts
    • Marketplace Contracts
  • Contact Us
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  1. MADNFT Marketplace

FAQs

  1. What is MADNFT? MADNFT is a creator-first NFT marketplace built on Base, an Ethereum Layer 2. It empowers artists and creators by offering decentralized tools for minting, selling, and managing their NFTs while building engaged communities.

  2. How does MADNFT support creators? MADNFT offers creators a platform where they can mint and list NFTs with low fees. The platform also provides unique tokenomics through veMAD and oMAD tokens, allowing creators to have a say in governance while earning rewards. Additionally, features like XP Points and milestones enhance engagement and community-building.

  3. What blockchain does MADNFT use? MADNFT is built on Base, an Ethereum Layer 2 solution, which offers scalability, low transaction fees, and seamless integration with the Ethereum ecosystem.

  4. What is the XP Points System? The XP Points System rewards users for engaging with the platform. Whether it's creating, buying, or selling NFTs, users earn XP that can be used to unlock rewards and platform benefits.

  5. How do the veMAD and oMAD tokens work?

    • veMAD allows users to participate in platform governance by locking MAD tokens, giving them voting power.

    • oMAD can be redeemed for MAD tokens, providing liquidity and incentives for creators and users, with a focus on long-term engagement and growth.

  6. Can I use fiat to buy NFTs on MADNFT? Yes, MADNFT is planning to integrate fiat payment options, allowing users to purchase NFTs with traditional currency, making it easier for non-crypto users to join the platform.

  7. How do I get started on MADNFT? To get started, simply sign up using email or social login, or connect a wallet. From there, you can create a profile, mint NFTs, and start earning XP through various actions on the platform.

  8. What are the upcoming features of MADNFT? MADNFT is continuously evolving. Upcoming features include NFT transfers, licensing agreements for creators, whitelisting for exclusive drops, the MADNFT Academy for educational content, and testimonial pages for showcasing creator stories.

  9. How does MADNFT prioritize security? Security is a core priority for MADNFT. The platform integrates Base’s secure infrastructure, and we are investing in ongoing security audits and compliance to ensure safe transactions for all users.

  10. How can I earn rewards on MADNFT? By engaging with the platform through actions like minting, buying, selling, or inviting friends through the referral system, users can earn XP points and unlock rewards. Additionally, participating in governance via veMAD tokens offers rewards for active users.

  11. How do creators get verified on MADNFT? Creators can get verified by connecting their social media accounts through our partner, Intract, which helps ensure authenticity. By doing so, they also earn XP, contributing to their engagement and trust within the community. Currently, MADNFT relies on social proof for verification, and our gamified XP system helps enhance that trust.

  12. What is the role of XP in the verification process? The XP system is gamified to encourage community participation and reward creators for their engagement. When creators connect their social media for verification, they earn XP, which contributes to their overall credibility and visibility on the platform.

  13. What are the fees on MADNFT? MADNFT charges a 2.5% marketplace fee on transactions and a 10% platform fee for collections created on the MADNFT platform.

  14. What liability does MADNFT have for assets traded on the platform? MADNFT holds no liability for assets traded on the platform. Users are responsible for their own trades and transactions.

  15. How can I collaborate with MADNFT? We are open to collaborations and partnerships! If you're interested in working with us, reach out via email at info@madnft.io to discuss opportunities.

  16. Are there plans for multi-chain support? Yes, MADNFT is planning to expand and deploy on Solana next, making it a multi-chain NFT marketplace.

  17. How can I get started with MADNFT? You can get familiar with MADNFT by reading our comprehensive documentation, which covers everything from minting NFTs to using the platform's features.

This list provides a comprehensive set of FAQs for users. Let me know if any adjustments are needed!

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Last updated 8 months ago