Blog Laqira Protocol

Built on BSC

An Introduction to Laqira Protocol NFT Marketplace Features

• Part One: launching Laqira Protocol NFT Marketplace on BSC

Given the fact that Laqira Protocol enabled users to earn money by Introducing the world’s first Drive2Earn game, launching NFT Marketplace on Binance Smart Chain, in collaboration with Binance, placed Laqira protocol among unique and in-demand Metaverse and blockchain projects. In the blockchain world, Laqira Protocol NFT Marketplace is a platform where NFTs can be traded in a secure and attractive user interface. In addition, this platform offers unique features to the users that are exclusive to this platform and can be found nowhere else.
the image below shows the unique features of Laqira Protocol NFT Marketplace

Laqira Protocol NFT Marketplace on BSC

Based on the latest data, in 2021, Binance platform trading volume is reported at more than $ 7.7 trillion; This amount shows that Binance is a popular and safe cryptocurrency trading platform among users. Accordingly, one of the most significant features of Laqira Protocol NFT Marketplace is launching its platform on BSC.

Binance consensus Algorithm

Binance is a cryptocurrency exchange that is the biggest in the world in the daily trading volume of cryptocurrencies. Binance Smart Chain uses a combination of Proof of Staked and proof of Authority consensus algorithm. It is worth mentioning that the NFT trade volume on this platform by 2021 is reported to be more than $ 13 billion.

Advantages of Binance SmartChain (BSC)

Launching Laqira Protocol NFT Marketplace on Binance Smart Chain (BSC) is one of the competitive advantages of this platform.
Laqira Protocol NFT Marketplace and BSC remarkable features:

• Low-costs/fees Transaction

• High-Speed Transaction

• High Scalability of BSC

For example, the cost of minting NFTs on Binance is much lower than that of minting NFTs on Ethereum. This has made the BSC network popular among users.

Buy and sell NFTs by BSC token

One great feature of Laqira Protocol NFT Marketplace platform is that NFT tokens can be traded with LQR (the native Laqira Protocol project token) and BNB, as well as any other tokens built on Binance Smart Chain such as BUSD.
Also, the BEP-721(BSC) token standard has empowered users to create non-fungible tokens (NFTs).

Last word

Over the past few years, The Web3 ecosystem flourished with the emergence of blockchains such as Binance Smart Chain (BSC). While Ethereum was the first attempt at creating an Ethereum Virtual Machine (EVM), which is a computation engine that acts like a decentralized computer that has millions of executable projects as well as the ERC20 token standard used for creating and issuing smart contracts on the Ethereum blockchain, BSC with its BEP20 token standard is growing in popularity on account of the lower transaction fee, higher transaction speed, and its higher Scalability. Eventually, The collaboration between Laqira Protocol NFT Marketplace and Binance will be a big event for this platform.