Spume Ico Review: It Is Legit Or Scam Ico? Read Our Full Review

About Spume Ico

The Spume Protocol is an end-to-end transactional layer that facilitates payment infrastructure for physical and digital non-fungible token assets on the Ethereum blockchain. The Spume Protocol will enable anyone to build branded and personalized NFT marketplaces complete with on-chain payment processors while being able to tokenize both physical and digital assets. These can include but are not limited to: digital/physical art and real estate, intellectual property and its licensing, patents, and luxury goods.

This opens the Spume.io Protocol up to all specific industries and allows users to conduct tokenized asset finance efficiently and efficiently. Spume sees a future where branding is scalable via distribution channel partners, thus allowing brands/influencers/gaming ecosystems and other industries to implement end-to-end customized & branded non-fungible asset commerce.

Houses Without Banks

One of the most institutionalized and inflated industries in the world is real estate. With the amount of brokers, agents, and other middlemen in this market at an all time high, there is a desperate need for a more efficient and cost effective solution for home buyers and sellers.

They smart contract process is being crafted around the current, existing legal system instead of waiting for legislation to catch up with blockchain technology. They tokenization protocols for physical land assets will make the liquidity of real estate be measured in minutes or hours, instead of weeks or months; it will turn four or five necessary middlemen into one.

Art Without Brokers

Digital artwork is thriving on the blockchain with the number of NFT artwork holders growing exponentially. This is largely due to marketplaces like Open Sea eliminating brokers and instead using smart contracts to handle the transacting of fees and NFTs.

Spume.io intend to build off of the work done by large marketplaces like Looks Rare and Open Sea. Specifically, both aforementioned marketplaces have vetted and secure smart contract systems which they will combine to yield the best aspects of both.

Digital Licensing

Tokenization of music and other intellectual work and digital properties gives immense flexibility to the way licenses are handled and royalties are paid out.

They aim to standardize the way royalties and licensing are handled on the blockchain, giving creators complete control over their property and cutting out intermediaries such as record and licensing companies. Specifically, they want standardize the way the tokenization of these items occurs, which will directly lead to further adoption of standardized royalties and licensed use.

The Abolition of Centralized Authority

Every decision about Spume’s marketplace including the design, development, and future expansion will be controlled by the Spume DAO. The DAO consists of two parties, shareholders and members. Members are those who work for the DAO and shareholders are those who hold tokens.

The Spume DAO will be controlled by a governance system unlike anything seen today. Most notably, shareholders will all have an equally weighted vote regardless of the number of tokens they hold. Shareholders will also be able to add and remove members of the DAO as they see beneficial.

The goal of the DAO is to create a true democratic republic where no small group of individuals control the direction the platform takes.

Revenue Sharing With Spume Holders

All revenue generated from the marketplace’s transaction fees will be given directly back to SPUME token holders proportional to the amount of SPUME the individuals have. They chose this revenue sharing model for two specific reasons. One, sharing fees with shareholders (individuals who hold tokens) will incentive participation in the governance of the DAO. Two, because the DAO owns 20% of the total tokens, they are obligated to 20% of all revenue the Spume marketplace generates, providing continual funding for future development.

Marketplace transaction fees are flexible and can be voted on by shareholders of the DAO. To provide an example for revenue sharing lets assume just launched, only trades NFT artwork, charges a flat 2.5% fee, and is 1/10th the size of Open Sea. In this scenario will trade roughly $7.6 million in NFT volume per day, redistributing $190,000 per day to token holders. To be eligible to share in redistributed rewards, a holder tokens must be staked. Assuming 35% of tokens are staked, each token will reward its holder with $0.0054 per day. That is a 1% return per day assuming they bought the SPUME token at exchange listing price of $0.50 per token.

Spume Token

The total supply of SPUME is 100 million. This is a fixed supply, there will be no minted or burned. The token has already been created and the total supply can be verified at the Etherscan link below.

The Roadmap

Spume is an ambitious ever evolving project. The direction roadmap takes may shift slightly as they adjust to best realize vision: the complete removal of all taxing intermediaries.

It should also be noted that the development of will be incremental. Features involving various add-ons will launch at different times. They do best with roadmap to show the development life of Spume, but it often will not be as linear. Most often various real estate features and artwork features will be under development simultaneously.

They goal is for a Q3 2022 launch of the mainnet NFT artwork marketplace with the SPUME token staking feature for revenue sharing, and a Q4 2022 launch of the mainnet Real Estate and Licensing tokenization and trading platform.

Q3 2022 Public Sale

CEX/DEX Listing

Testnet and Mainnet (NFT Artwork)

Q4 2022

Testnet (NFT Real Estate)

Testnet (NFT Licensing/Royalties)

Q1 2023

Mainnet (NFT Licensing/Royalties)

DAO Governance

Testnet (NFT Ticketing)

Q2 2023

Mainnet (NFT Real Estate)

Mainnet (NFT Ticketing)