Curate

What is Curate?

Curate is a decentralized blockchain platform that operates without gas fees, designed to function as a marketplace for trading NFTs and physical items. A gasless blockchain, in this context, means that the platform covers transaction fees, relieving users of that cost burden. According to the information outlined in its whitepaper, Curate also acts as a multi-chain bridge, enabling seamless transactions between Ethereum, Bitcoin, and various other blockchains. This unique combination of a specialized marketplace and cross-chain compatibility sets Curate apart, addressing the common challenges faced by other blockchain-based marketplaces.

These challenges often encompass issues such as inadequate support for major blockchains with wallet capabilities, unfriendly user interfaces that hinder mass adoption, unreliable and high transaction fees that serve as entry barriers, chaotic and unfiltered marketplaces leading to the presence of low-quality NFTs, sluggish transaction processing, a lack of transparency, and more. As a result, Curate aims to establish a transparent, user-friendly, and efficient marketplace that facilitates the trading of both physical goods and NFTs on the platform.

Governance in Curate

Curate Governance emphasizes community empowerment. A Community Governance Reserve containing 10,000,000 XCUR tokens is established to finance approved proposals. Voting power is determined by the amount of XCUR held in-app, with 1 XCUR equaling 1 voting power. Each account's voting limit is capped at 700,000 XCUR, known as the Diamond Tier.

Only one proposal can be active at a time, each lasting 15 days. To prevent manipulation and multiple-account voting, Curate employs a snapshot mechanism capturing users' XCUR holdings at the proposal's launch, disabling additional XCUR contributions.

All in-app XCUR holders can vote, while those in the Silver Tier and above can create and submit proposals, requiring a $50 XCUR fee. Successful proposals are reimbursed their $50 fee and awarded $50 in XCUR from the Community Governance Reserve. Rejected proposals see their $50 in XCUR transferred to the same reserve.

The XCUR Token

The XCUR token serves as the native utility token for the Curate platform, offering a wide range of uses both within the Curate ecosystem and beyond. Some of the key functions and applications of this token include:

• Purchasing physical goods and NFTs on the Curate platform.
• Rewarding users for their transactional activity within the platform.
• Staking within the DeFi partner pool and Curate's own DeFi platform.
• Utilizing XCUR for various travel-related products available on Travala, a blockchain-based travel platform.
• Accessing different global activities and services through Viator, a renowned global tourism organization.
• Booking flights, hotels, vacations, and more through Expedia, another prominent tourism portal.
• Engaging in trading activities with Curate platform partners via Shopping.io, a platform facilitating cryptocurrency payments for various e-commerce websites.

In addition to these diverse applications, the XCUR token also enables the exchange of traditional currencies and other cryptocurrencies through various Curate platform partners, contributing to the creation of a harmonious ecosystem that fulfills the multifaceted needs of a marketplace.

Curate Team Background

Curate, established in 2019 by James Hakim, has been self-funded since its inception.

The leadership team boasts extensive experience in both traditional web 2 and web 3 enterprises, successfully transforming a two-person startup in 2019 into a global NFT trading marketplace with a substantial workforce. Their expertise and background stem from leading financial and educational institutions.

Curate Project Development

Curate towards the end of 2023 secured some impressive partnerships with Lamas Finance, Power Browser, and CharityDAO.

• Lamas Finance enhance your earnings with a variety of high-liquidity offerings: authentic Dapp games, valuable NFTs, and effortless yield farming.
• Power Browser is the rapidly expanding web-3 browser in the market, prioritizing user privacy with a strong commitment to delivering unparalleled convenience at the core of their operations.
• CharityDAO: In Web 3.0, philanthropy is free from political and legal constraints tied to personal identities. This enables Russian millionaires to aid Ukrainian refugees and Korean entrepreneurs to support the poor in North Korea without government restrictions, allowing philanthropy to achieve its original purpose.

Curate Price Analysis

As of November 25 2024 Curate has a marketcap of $328K. This is {{percentagefromath}} from its all time high of $10.61. In terms of its tokenomics, there's a total supply of 60M with 83% currently outstanding. Keep in mind Curate has a fully diluted value of $394K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude