For all the technology behind non-fungible tokens (NFTs), trading NFTs is still a tiresome and slow process. That was until Sudoswap came and changed the game.

Now, buying and selling NFTs can be as smooth as trading cryptocurrencies on [Uniswap](/news/article/uniswap-exchange-nft-aggregator). By integrating automated market makers (AMM) into non-fungible tokens trading, traders no longer have to wait to find intending buyers before getting liquidity.

Its decentralized marketplace has grown exponentially since it landed and took the market by storm. According to blockchain analytics firm Nansen, the protocol has a year-to-date volume of 39.1k ETH, with more than 3.35K ETH transacted in the 30 days to 12 December. What has made the protocol such a success?

## What is Sudoswap?

It is a decentralized exchange (DEX) protocol that allows users to swap NFTs for liquidity on the Ethereum blockchain. While the protocol went live in May 2022, its launch of the NFT automated market maker (AMM) protocol in July was the game changer.

With the AMM, users can trade Sudoswap non-fungible tokens into a liquidity pool (buy-only, sell-only, or buy-and-sell pools) and receive Ethereum quickly. Generally, you deposit NFTs or ETH into your pool. 

Instead of listing different non-fungible token collections, you select the right collection to trade and choose your floor price, bonding curve, and delta (which adjusts the NFT price depending on sales or purchases).

## What is the SUDO token?

The SUDO token is the governance token of the protocol's ecosystem. With an initial supply of 60 million, SUDO is not transferable. The SUDO airdrop began in September, with the lion's share of 41.9% going to XMON holders. 

Treasury allocations take up another 25.1%, while initial team members and SudoRandom labs take 15% each. Oxman holders and Retroactive LP airdrops take the remaining tokens.

## How it differs from other NFT marketplaces

There's always liquidity in the pool for specific Sudoswap NFT collections, and traders don’t have to wait for a buyer before getting liquidity. 

Sometimes, this may mean getting a less-than-ideal price for your asset. As long as your NFT is not super-rare or high-priced, that should not be a challenge.

Apart from increased instant liquidity, the decentralized marketplace also eliminates intermediaries who may choose whether or not to accept your [NFT collection](/news/article/nft-collaborations). The protocol may as well be the poster boy for decentralized marketplaces.

Additionally, it eliminates the payment of royalties to NFT creators on secondary sales, unlike OpenSea. On OpenSea, NFT creators may get as much as 5% in perpetuity every time an NFT sale occurs. However, with the decentralized protocol, all earned fees belong to the Sudoswap NFT owners and traders who choose the trading pools and set their prices.

Sudoswap fees are low, making it more attractive than its counterparts. For example, while OpenSea charges 2.5% and LooksRare charges 2%, Sudoswap fees are just a 0.5% fee on trades. The transaction fee is remitted to the Treasury for the development of the ecosystem. Again, you can lower your gas fees when you trade in bulk and reduce costs further.

## Conclusion

[Technavio](https://finance.yahoo.com/news/non-fungible-token-nft-market-153000067.html#:~:text=The%20increasing%20demand%20for%20digital,market%20during%20the%20forecast%20period.) estimates that the non-fungible token market worldwide will grow by $113.9 million between 2022 and 2027 at a CAGR of 35%. That suggests significant potential. Anyone looking to take advantage of that by trading NFTs may as well enjoy low Sudoswap fees and instant liquidity as extras.


pink image of sudoswap logo over pile cryptocurrency and fiat currency

How Sudoswap is Revolutionizing NFT Trading

With gas wars limiting the fair exchange of NFTs, Premint is ideally the best way to ensure inclusive participation.

When NFTs go on public sale, gas fees increase as customers scramble to purchase the tokens. Invariably, newer NFT collectors who can't afford the exorbitant gas fees get excluded.

Read on to discover what Premint is, how it works, the benefits of allowlists, and whether the concept is gathering widespread attention in the NFT world and beyond.

## What is Premint?

It is a non-fungible token service for [NFT creators](/news/article/how-to-create-an-nft) and collectors to compile allowlists for their NFT projects.

An allowlist is the opposite of a blocklist. It is a strategy that approves a specific list of email addresses, IP addresses, domain names, or applications for a particular service.

By compiling allowlists, buyers can easily access their favourite projects. This reduces time-wasting while hunting for NFT projects on Twitter or joining Discord channels. It also helps you track all minting dates.

## Benefits of compiling allowlists

Premint allows non-fungible token creators to define eligibility for their list and weed out bots and less-than-ideal customers. It establishes its baselines by asking for proof of the following; the wallet address' minimum ETH balance, Twitter authentication, Discord membership, and NFT ownership.

Creators determine the set of characteristics they want in their buyers. 

When users who meet the criteria register on the platform, the service automatically lists the available allowlists so that the user can apply for the list. Additionally, you can use the service to [track mint dates](https://www.nansen.ai/research/nft-minting-behavior-data) and jump in on relevant NFT projects early.

Already, the service has become the household name for allowlists. So far, more than 29,000 projects have used the platform. These projects have attracted 3,410,000 collectors seeking to register for lists, and one million have obtained approval to join lists.


blue image of premint logo on abstract blockchain background

Premint - How Does It Work?

Presently selling at 9.49 SOL, the Bored Ape Solana Club (BASC) NFT is the first platform to implement the Proof of History protocol. In this article we take a look at the club's origins, how it works, and how it is doing now.

## What exactly is BASC?

[BASC](https://boredapesolana.club/) is a community-run Solana NFT project with 6,000 hand-drawn bored apes that do not correspond to any Ethereum BAYC NFTs.

## How it all started

BASC first launched a stealth mint on 4 January, 2022. On 13 January, 30 minutes after completing 100% of the mint, the collection went live on Magic Eden.

Bored apes were selling for 50+ SOL 48 hours after the launch, while the floor price had risen to about 10 SOL.

![boredaoe1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/boredaoe1_1da6582a81.png)
 
Contrary to what anti-BASC trolls predicted, it retained a 20 SOL floor price after only three days of being posted live on Magic Eden and was trending as the top NFT collection on bored apes 48 hours after the debut, while the floor price had climbed to roughly 10 SOL.

Since then, these Solana NFT collectibles have already achieved significant milestones, including crossing the $10 million market cap threshold.

[BASC](/news/article/how-to-buy-monkey-nft) also uses a novel Proof of History algorithm to process up to 10,000 transactions per second.

BASC NFT is listed on [MagicEden](https://magiceden.io/marketplace/bored_ape_solana_club), [OpenSea](https://opensea.io/collection/bored-ape-solana-club), [Solanart](https://solanart.io/collections/basc), and WeYu. However, to own these collectibles, which grants you many benefits, you must have a [Phantom Wallet](https://phantom.app/) installed and linked with Solana. You can now [head to claim artwork (PFP)](https://www.basc.app/frame/) and follow other instructions.

Similarly, you can exchange another NFT for a bored ape in only four easy steps.

![boredape2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/boredape2_85378e8de9.png)
 
Following your confirmation that you are [trading](https://www.yawww.io/) for a valid BASC NFT, which will contain a check for the collection, you must link your Solana wallet, put in an offer, agree to the terms of the trade, and then wait for the buyer(s) to respond before concluding the transaction.


Bored Ape Solana Club Explored

[CoralCube](https://coralcube.io/), an innovative Solana NFT aggregator and AMM DEX platform, is revolutionizing how investors and collectors transact and purchase NFTs. 

## CoralCube: What is it?

CoralCube is a decentralized NFT marketplace that gives users access to various trading alternatives. These include auctions, spot trades, derivatives, and a safe and simple way to buy and sell digital artwork, collectibles, and other [non-fungible tokens (NFTs)](/news/article/moonray-nft-gaming-platform).

With its intuitive user interface, secure trading environment, and advanced features, this NFT marketplace is quickly becoming the go-to platform for experienced investors and casual collectors. 

## Recent updates on the CoralCube marketplace

According to a [recent tweet on its official Twitter handle](https://twitter.com/coralcubenft/status/1595494147497988096?t=kIiHc-K_9_rNXpYkMWXULQ&s=19), CoralCube has implemented an Automated Market Maker (AMM)-based DEX "with 13 launch partners" - the tweet reads in part.

The traditional order book is assumed to be changed by liquidity pools which are already funded on-chain for both assets in the trading pair in an AMM-based decentralized exchange.
  
![coralcube1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube1_6db2b10310.png)

By doing this, liquidity (primarily on Solana) is provided by other users who also receive trading fees on their deposits based on the chunk of the liquidity pool they contribute.

## CoralCube: How it works

Getting started with CoralCube NFTs is simple. First, users must create an account on the platform and complete the necessary verification process. Once the account is open, users can begin searching for NFTs to purchase. They can also create their own NFTs and manage them on the platform.

## Features and functions

•	CoralCube is a decentralized, non-custodial NFT platform. NFT producers and collectors can trade NFTs straight from their wallets because it is a "non-custodial" platform. This means they always have full ownership and control of their wallets and NFTs. As a non-custodial platform that uses smart contracts to facilitate any NFT transaction, this eliminates the need for third parties.

•	Additionally, CoralCube provides a safe escrow system to ensure that transactions are carried out securely.

•	An intuitive user interface that makes it easy for users to quickly find the perfect asset for their collections.

•	Its advanced search and filtering capabilities.

•	Transactions are also transparent and can be tracked by anyone on the blockchain.

•	Other features include auctions, classifieds, and P2P transactions. These features provide a wealth of options for users to buy, sell, or trade their NFTs.

## Top collections on CoralCube

There are several NFTs, including collectibles, gaming assets, art, and music, that users can access on the marketplace. 

![coralcube2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube2_980b98e76a.png)
  
On [CoralCube's official website](https://coralcube.io/), the current trading dashboard of NFT collections by 24-hour volume shows that y00ts is at the top of the list with a floor price of 157.99 SOL.

![coralcube3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube3_2a79983b30.png)
  
However, users can create their own NFTs and manage them in the space, with access to a wide range of NFTs from various sources. 

CoralCube is designed to be a secure and reliable digital marketplace for making NFT investments. The platform gives users access to various security features, such as two-factor authentication and encryption, to protect their investments.


pink image of coralcube nft solana marketplace

CoralCube: NFT Game Changer

Is now the best time to trade BNB to GBP?

In the early days of cryptocurrency trading, it was impossible to exchange crypto directly for fiat. It had to be crypto for crypto, with BTC and ETH pairs as the most common.

Around 2010, stablecoins were introduced into the fray to hedge against inflation and act as a store of value. The first of these assets was USDT, and USDT trading pairs soon became common.

Fiat currencies were the last to be added. A crypto-fiat trading pair makes it easier for traders to cash out any gains and onboard new traders. While the USD is the most common base pair owing to the dollar’s worldwide acceptance and strength, many exchanges allow fiat base pairs based on local currencies.

For example, while the Canadian dollar (CAD) is popular in Canada, the [British pound sterling](/news/article/dogecoin-to-gbp) (GBP) is common in the United Kingdom. 

## How to trade the BNB-GBP Pair

[Binance Coin](/news/article/binance-bridge) (BNB) is the utility token issued by Binance. It is the fourth largest cryptocurrency by market cap, [according to CoinMarketCap](https://coinmarketcap.com/currencies/bnb/), and continues to attract more investors.

You can exchange BNB for GBP by selling it on a cryptocurrency exchange like Binance or [Kraken](/news/article/kraken-review). At the time of writing, BNB is available on 92 exchanges at an average exchange rate of 247.35GBP. BNB is available for purchase using bank transfers, debit card payments, and cash transactions.

It's worth noting that technical indicators like the Relative Strength Index (RSI) suggest that BNB is currently neutral at 68%. Also, the alternate highs and lows in the last 30 days indicate a volatility of 2.84%. Again, BNB is about -51.95% off its peak exchange rate of 1 BNB to 595.95 GBP in May 2021. 

Thus, it may not be the best time to trade BNB for GBP.

Alternatively, Ambcrypto suggests BNB will hit $781 in 2023. Similarly, Changelly predicts BNB will only be as low as $1,122.96 in 2025 but could rise as high as $1,270.31. Also, crypto exchange CoinDCX predicts a bullish end to 2024 will make the beginning of 2025 positive for BNB.



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