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AtomicMarket Review: Is it legit, safe and trustworthy for UAE citizens and residents?

AtomicAssets is a community of blockchain enthusiasts that are active on the Proton Blockchain and WAX. Pink Network is the company that produced AtomicAssets. This platform is hosted by the Eosio blockchain technology, and users may trade non-fungible tokens (NFTs) in the Atomic Hub Marketplace. Everyone has access to this site, and they are able to generate digital assets and tokenize them on the platform. In addition, auctions, purchases, and sales of digital assets are all possible on this platform. Visit AtomicMarket Website.

Atomic assets were first made available in February of 2020 and have quickly gained popularity since their release. On the other hand, the Atomic Hub Marketplace became live in June of this year.

However, the official website of AtomicMarket does not provide a great deal of information on the individuals that make up this marketplace's workforce. As a consequence of this, we are not in a position to say too much about the creative minds that are driving this NFT economy.

The AtomicAssets Hub would not be complete without the presence of this marketplace. It makes it possible to advertise assets that are up for sale, and then those assets are also put up for auction so that anyone can acquire them according to their own tastes. In addition, users are granted the ability to make purchases and place bids on assets that are part of a variety of collections and decentralized applications inside the marketplace.

AtomicMarket is a shared liquidity marketplace that is utilized by a number of different websites to facilitate the trading of NFTs. In this context, the term "shared liquidity" refers to a feature that ensures all of the assets that are listed on one marketplace will also be available on the other markets. It serves as a trading platform for AtomicAssets. Tokenization and the creation of digital assets may be accomplished with relative ease by utilizing the standard of atomic assets. They will have very little difficulty transacting the assets by using this marketplace.

Users have the option of advertising their own NFTs, or they may just browse through the listings that are already there. Verification checkmarks are given to non-fantasy trading cards (NFTs) that belong to well-known collections. This makes it simple for consumers to identify genuine NFTs. The portal has a blacklist of all collections that include harmful software.

Are you new to the world of NFTs? First, I'll explain what an NFT marketplace is, so that you may have a better understanding of what it is you're getting into.

Atomic Hub Marketplace offers users the ability to list any and all original and one-of-a-kind works of art. When such pieces of art are accepted onto the platform, the portal will request verification to guarantee that the token was first created by the specified artist. For the purpose of providing evidence of the artwork's uniqueness, the platform may provide in-depth descriptions of the process by which the artwork was created or storage space for the artwork's raw files.

AtomicMarket, a platform that is powered by Wax, makes it relatively simple to construct a marketplace for NFTs. This is made possible by the platform's NPM module as well as its extensible API. In contrast to AtomicMarket, CryptoSlam uses WAX as its native cryptocurrency rather than ETH. The two platforms share a liquidity pool. Because of its robust API, digital artists are now able to construct their own NFT marketplaces, and it is not necessary for these creators to have in-depth understanding of blockchain technology and smart contracts.

A commission fee will be deducted from your balance if an order is placed through AtomicMarketplace. In most cases, the commission is expressed as a set percentage of the total value of the deal. The fee that is paid by AtomicMarketplace is two point zero percent of the entire selling price. The marketplace is known as AtomicMarketplace. When a sale is made, this commission is withdrawn from the customer's account via smart contracts automatically.

There is a possibility that you will also be required to pay other costs, such as blockchain fees, royalties, and so on. However, you will not need to be concerned about the additional fees because they are subtracted from the total selling price alone and are not levied as an additional charge to the sale price. This means that you will not have to worry about them.



A number of different NFT markets make their NFTs available to the public for trading. In addition to the listing, they provide information on their bids, the amount of time that is still left in the auction, etc., in a number of different formats. Which one you feel most at ease using and watching is entirely up to you, and no one else will be held responsible for your decision. Because each piece of art sold on Atomicmarket has its own unique ID, it is much simpler for customers to zero in on the piece of art they are looking for.

When it comes to defining what exactly an artwork is, it is the responsibility of the individual artist who created it. Along with the artwork, they will be required to establish a number of parameters. These parameters include the name of the Collection, the name of the Asset, and the name of the Schema. The artists will be obligated to include the properties of the digital asset that they have generated on the platform as part of the platform's requirements. Some of the qualities include the capacity to dispose of the asset by burning it, as well as its transferability.

The site also includes a record of the asset's past price activity for your perusal. The interface of the marketplace has been designed to be user-friendly, and in order to make things simpler for purchasers, recent transfer history is displayed. Additionally, you will find a list of available artworks that are comparable to the one you are looking for, which may pique your interest.

There are a number of NFT markets that accept payments and deposits made using debit or credit cards, and there are a handful that also allow deposits made using PayPal. AtomicMarket, on the other hand, does not accept either credit cards or PayPal payments. To the best of our knowledge, the platform is only capable of supporting WAX tokens; nothing else.

The sole function the gateway possesses is one that enables the addition of fresh tokens at predetermined intervals. On the other hand, the newly introduced tokens won't be determined until there is a demand for them. The customers have the option of setting the value of their assets in US Dollars as well.

On the other hand, when settlements need to be made, they will only be paid for using WAX tokens, which will then be translated using the rates that are currently in effect.

People who have been considering participating in the industry for an extended period of time will find this specific point to be quite helpful. The Pink Network-designed marketplace is in no way affiliated with the original authors of the content it sells. The creators do not get the commission charge that is taken by the marketplace; rather, the money is used to compensate the marketplace for the services it provides, which include facilitating the listing and the purchase of the item being sold.
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It only indicates that another group may also take the market API and use it to create their own markets, in which case they will receive the transaction fees if trading takes place. The flexibility is the same across all of the many markets that use the AtomicMarket contract. Therefore, if you are selling an item on Marketplace A, it is possible to purchase it on Marketplace B, and if this transaction takes place, the fees for both Marketplace A and Marketplace B will be increased by one percent. As a result, rather than engaging in direct rivalry with one another, distinct marketplaces instead mutually benefit from one another.

There is always the possibility that a decentralized application (dapp) would wish to include a marketplace as part of their offering, even if they are simply interested in finding a marketplace for their own collection. AtomicMarket is a useful tool for users in this regard as well. They have the option inside their application to show just the purchases and auctions for digital assets that belong to their decentralized application (dapp). When this is finished, the marketplace will give the appearance of being exclusive to the dapp alone; however, the users of the dapp will be unaware that they are actually utilizing the Atomic Market platform behind the scenes.

Nevertheless, if Atomic Market is utilized, the auctions and sales would then become viewable on other markets as well.

It is essential to produce digital assets in advance of minting a new type of token (NFT). It might be anything with a picture on it, some kind of artwork, or just about anything else that people would be interested in buying and that could be sold. After the digital assets have been generated, the NFTs are subsequently "minted" using them. There are a few different marketplaces accessible for minting. However, because there is such a large number of alternatives to choose from, it might be challenging for individuals to select the most reliable NFT marketplace.

You, as the creator, are the one who is responsible for minting an asset, and there is only one place where you may really mint your artwork.

When it comes to the marketplace for the Wax blockchain, you will find that there are various alternatives accessible; nevertheless, Atomicmarket is the best option available among all of them. This marketplace features listings for all Wax projects, and it gives users the ability to trade their digital assets for Wax tokens in return for those assets. As was previously mentioned, at this time it is only compatible with Wax tokens.

Atomic Market is a platform that enables users to very quickly establish their own portfolio of non-fungible tokens (NFTs). There is a choice labeled "NFT Creator" that can be found at the very top of the menu. Selecting this option enables users to generate their collection without incurring any additional costs related to gas. You have the option of stuffing each collection with NFTs that have a common motif. The developers of NFTs make use of schemas in order to standardize the data that underlies NFTs.

It is a leading marketplace that gives users the ability to purchase and trade non-fungible tokens, making it one of the best of its kind. To easily develop and tokenize digital assets, you may make use of the standard offered by AtomicMarket. Additionally, it gives you the ability to buy, sell, and auction off assets. Put your assets up for sale on the market and negotiate a price for them.

Atomic Assets was created by Pink Network, a community of blockchain enthusiasts who are also active on the Proton and WAX blockchains. The Eosio blockchain technology underpins AtomicAssets, and the Atomic Hub Marketplace serves as the platform for buying and selling non-fungible tokens (NFTs). The tokenization and creation of digital assets, as well as the purchasing, selling, and auctioning of digital assets, are all open to anybody who uses the site.

Atomic Assets was introduced to the public for the first time in February 2020, and a month later, in June 2020, the Atomic Hub Marketplace for NFTs became live. Atomic Hub asserts that more than 9.2 million NFTs have been generated on the WAX Blockchain as of the date of the initial authoring of this study.

"Non-Fungible Tokens" is what "NFT" stands for as an abbreviation. Anything that can be changed into another form may be replaced. For instance, one kilo of 24 karat gold may, at least in principle, be replaced with any other kilo of 24 carat gold. This is because 24 karat gold is not distinguishable by its color. If something is non-fungible, it denotes that it is one of a kind and cannot be interchanged with any other object that is currently available.

Despite the fact that NFTs are theoretically comparable to cryptocurrencies, these digital assets may represent antiques and artworks, collectibles such as trading cards, and other objects that have distinctive characteristics. For the purposes of authentication and validation, these tokens are encrypted and stored in a distributed ledger known as a blockchain. In contrast to cryptocurrencies, which may be divided up into smaller pieces, tokens are always sold in their whole when they are bought or sold. When NFTs are cut up into smaller pieces, they lose some of their value. On the other hand, the artist may make copies of them, and each extra copy can be sold independently (but the total number of duplicates will then always be known).

The marketplace at Atomic Hub welcomes the listing of any original pieces of art that have been made in a one-of-a-kind manner. When it comes time to whitelist an artist, the gateway will ask for confirmation that they are an original creator. As evidence of the work's originality, raw files or extensive explanations of the process of creating the artwork may be provided.

You will be required to pay a commission every time you conduct business through the Atomic Hub marketplace. In most cases, the commission will be expressed as a percentage of the total amount that was sold in the relevant deal.
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At the moment of each transaction, the Atomic Hub Marketplace deducts a platform commission equal to two percent of the entire selling price via smart contracts. There is a possibility that additional fees, such as royalties or blockchain fees, will be incurred. Nevertheless, this will not be added as an extra charge to the sales price; rather, it will be taken straight from the sales price itself.

Various NFT Marketplaces offer their NFTs, the most recent bid, the amount of time left in an auction, and other information in a variety of different ways. It is up to you and no one else to decide what kind of content you are most at ease watching and utilizing. The screenshot that you see here is taken from the Atomic Hub Marketplace and displays one of the NFTs available there.

Each piece of art has its own distinct identifier. The artist is responsible for defining a number of parameters, including the names of the Asset, Collection, and Schema respectively. The artist is also responsible for including information on the attributes of the asset, such as whether or not it can be transferred or whether or not it may be destroyed.

On the basis of the template ID, the site also provides a listing of the price history of the asset. The buyer-friendly design of the site includes a list of recent transfer history as well as additional suggested artworks that the buyer may find interesting. This was done to make the interface more user-friendly for buyers.

Deposits and payments made with a credit or debit card are accepted by some of the NFT Marketplaces available today; in addition, some of these Marketplaces allow deposits made using PayPal.

The Atomic Hub Marketplace does not currently accept credit cards or payments made through PayPal. As far as we are aware, the only tokens that will be supported will be WAX tokens. The functionality of the portal enables for the addition of new tokens to be introduced throughout the course of time. Nevertheless, we won't know how many of these additional token additions to make until we see how much demand there is for them. Users now have the option of setting the price of their assets in USD. However, at the moment of settlement, they would be compensated in WAX tokens, which would be converted according to the rates that were in effect at the time.

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.