What Is NFTBooks (NFTBS)?

The NFTBooks is a platform for creating books and distributing them digitally. It is an innovative solution for online book publishing. NFTBook aims to allow authors to reach a wider audience by eliminating intermediaries and lowering prices. The platform is an effective way to get more exposure for their works and improve their reputation. The platform is not limited to authors, it also claims to help authors and publishers. The idea behind the NFTBooks ecosystem is to provide a unified platform for people to share their books in any form.

The main goal of the launch of this coin was to make it easier for people to find books, but also to help authors earn passive income over time. This project intends to allow readers to find the books at low prices eliminating the time needed to search for pirated books. This way, authors could gain profits and contribute to society.

As its whitepaper suggests, the NFTBooks ecosystem includes five main components: the author, the translator, the lessor, the reader, and the investor. The platform also offers zero publication fees. By removing intermediaries, it allows writers to reach the broadest possible audience. Aside from that, it also eliminates the need for 99.9 percent of all pirated books. This is an essential feature for readers and writers. The content of the NFTBooks platform claims to be immutable and error-free.

The native token of the asset is NFTBS, and it is based on the Binance Smart Chain. The low transaction fees of the blockchain makes the token affordable. The token powers the platform, and the critical feature is the built-in redistribution mechanism. Hence, the existing users receive 2 percent of NFTBS coins as a reward for every transaction made.

This project is indicative of the general decentralization of blockchain, i.e., this project belongs to all communities. If there comes a time when there is no longer the capacity to develop the project or for the project to become large, the talented engineers with the same interest in the community can take over. Therefore, as long as the community continues to seek knowledge, knowledge will be waiting for them.

The NFTBooks platform includes three key components: Hub, NFT, and Content. The latter is essential because it helps both authors and readers to access the books they want at a low cost. NFTBooks was launched in June 2021 and has a maximum supply of one hundred quadrillion coins.