CORE FEATURES
The core features of the solution will include but are not limited to:
TRUSTWORTHY TRADING
Onchain Asset Registration: Mint RWAs as unique, verifiable tokens on the blockchain, embedding their core attributes directly into an immutable ledger. This process guarantees complete transparency regarding authenticity and enhances trust in asset reliability.
Provenance Tracking: Utilize onchain ledgers to trace the lifecycle of each asset, detailing every transaction, ownership transfer, and historical record in real-time, accessible globally and securely.
Smart Contract Escrow: Automate trust through self-executing smart contracts that securely lock funds until both parties fulfill the transaction terms – payment and delivery – eliminating the need for intermediaries and reducing risk.
EFFORTLESS ONBOADRING & PAYMENT
Social Login & Smart Account: Support social logins (Google, Apple ID, etc.) and facilitate easy sign-ups to lower entry barriers for users.
Seamless Fiat On-Ramp to RWA: Enable credit or debit card payments through payment gateways like Stripe, Kado, and Transak, simplifying the process for cryptocurrency and RWA purchases.
Regional Payment Gateway Network: Integrate popular regional payment solutions such as KakaoPay, Paytm, and AliPay to enhance accessibility and promote global participation in the onchain economy.
NFC-ENABLED AUTHENTICITY VERIFICATION
Onchain-Linked RWA Attributes: Sellers can record unique RWA details – such as provenance, creator information, and tokenized ownership – directly onto an NFC chip, ensuring immutable data integrity.
Decentralized Validation: Users can scan the NFC chip with their mobile devices to instantly verify the authenticity and ownership of the RWA. The NFC chip offers tamper-proof verification without reliance on centralized systems.
Mobile Apps: Creators and collectors can efficiently manage ownership records through the mobile apps MonsterX will provide with, enabling secure provenance tracking, immediate authenticity checks, and decentralized ownership transfers for trustworthy art transactions.
DECENTRALIZED ROYALTY DISTRIBUTION
Smart Contract-Driven Royalty Allocation: By leveraging onchain automated contracts, royalties are distributed automatically and transparently to original creators each time their work is bought or sold. These trustless agreements ensure that creators receive fair compensation without manual intervention or intermediaries.
User-oriented Curations: Decentralized systems empower curators and intermediaries to set up their own onchain curations freely and facilitate RWA transactions without relying on costly exhibitions or high-profile events, thereby reducing overheads while ensuring seamless royalty disbursement directly to stakeholders.
Immutable and Transparent Tracking: Every royalty transaction is permanently recorded onchain, providing any participants with transparent and tamper-proof histories of earnings and sales.
DECENTRALZED MARKETPLACE CUSTOMIZATION
Onchain Marketplace Builder: MonsterX offers a no-code, onchain-enabled web builder tool that allows users to create personalized, self-sovereign marketplaces. These decentralized marketplaces seamlessly connect with MonsterX’s ecosystem, including integrated smart contract payments, RWA minting, and decentralized shipping logistics, empowering artists to retain full control over their works.
Community-Driven Ecosystem: Creators can leverage embedded onchain community tools to foster direct engagement with fans. Features such as token-gated content, decentralized social spaces, and DAO-based governance enable the creators to build loyal, active communities while reinforcing their unique identity within the ecosystem.
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