Marketplace

Market Overview

In the context of traditional games, players need to play more time and energy, but fail to achieve financial and spiritual satisfaction. Therefore, based on traditional games, cryptocurrency games focus on requiring less time, getting more spiritual satisfaction, and achieving more value returns.

In traditional games, everyone can have the opportunity to participate in the game, so the number of users is huge. The cryptocurrency game, on the other hand, is aimed at token audiences, and requires the ability to continue spending in order to earn more tokens.

Traditional Game Players: Play more time and be more entertainment-oriented.

Crypto Game Players: Focus on playing less time and value in return.

SUMATI Market

The marketplace is exclusive in SUMATI WORLD. Players are allowed to sell their NFT or attend auctions of NFT in BOSO.

SUMATI Auction

SUMATI WORLD will organize auctions from time to time, and the auction mode is Hot potato auction, which is similar to the addition of Fomo3D elements on the basis of British auction. This method is used for NFTs with high face value and high-grade attributes minted by the auction system. The specific rules are: NFT auctions use BOSO to attend the auction. After each successful auction, the price will automatically rise by 10%. If the new bidder successfully bids, the BOSO principal of the previous bidder will be returned. Of the 10% price difference, 2% will be owned by the previous bidder and 8% will be the income of the auction system. The initial countdown of NFT auction is 24 hours, and the countdown is increased by 10 minutes for each successful auction. The maximum countdown is 24 hours. When the countdown is less than 1 hour, the maximum countdown is changed to 1 hour. After the countdown is over, the last player who successfully bids (The Highest Bidder) will get NFT. The BOSO required for minting NFT is from the Treasury of SUMATI.

Market Regulation

Since SUMATI WORLD adopts a dual-track token model, it will play a balanced role in dealing with NFT price and BOSO price fluctuations. Each SARIRA NFT has a BOSO face value, so the price of SARIRA NFT will be supported by the BOSO price. At the same time, SARIRA NFT has mining and game attributes, which will increase the added value of NFT. Then the increase in the price of BOSO in the market will magnify the value of NFT. On the contrary, the decline in the price of BOSO will be diluted by the added value of SARIRA NFT, which in turn increases the price expectation of BOSO. This mechanism ensures that the value of SARIRA NFT will not be rapidly reduced, while the increase in value will be amplified.