Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Galaxy Heroes Launches its NFT Marketplace, Reduces Listing Fees by 10X

CryptocurrencyJan 14, 2022 03:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Galaxy Heroes Launches its NFT Marketplace, Reduces Listing Fees by 10X

Galaxy Heroes has launched its NFTs marketplace as per a press release on January 10, 2022. The Binance Smart Chain (BSC)-based NFT marketplace is freely accessible to creators and projects that wish to mint cheaply and sell NFTs conveniently.

NFTs Marketplace Launched
Immediately after activation, the second GHC collection of 2500 villains sold out in less than an hour. This sale was preceded by an offer of 2500 randomly generated superheroes. In both cases, acquired NFTs distributed to auction participants had different attributes with varying rarity--and thus value.

Notably, holders of the GHC Collection and Superheroes NFTs can stake their acquisition to earn passive BNB income as they receive rewards from the NFT marketplace's listing and transaction fees. Rewards earned will vary depending on the rarity of the NFT staked. As expected, stakers of rare GHC NFTs will rake in more rewards.

By mid-January 2022, the NFT marketplace continues to gain traction, drawing even more users. There are currently over 100 Heroes from the collection auctioning from between 1 and 100 BNB. Moreover, nearly 350 epic heroes and villains are also listed.

Commenting on the launch, Brian Sumner, the founder of Galaxy Heroes, said:

"Over 100 Heroes from the collection were listed within a few days of the Marketplace's launching, ranging between 1–100 BNB. Days after the NFT marketplace launched, the second GHC collection of villains was released, selling out the 2500 mint collection in less than an hour. The Galaxy Heroes Coin marketplace is now filled with almost 350 epic heroes and villains."

NFT Listing Fees Slashed 10X
The marketplace builds on Galaxy Heroes' user-centric approach explaining the high interest. However, one significant development accompanying the activation of the GHC NFT marketplace is the strategic step taken by the team. Crucially, they slashed the listing cost by 10X from 0.1 BNB to 0.01 BNB. They reasoned that the initial fee of 0.1 BNB was too high and would be counterproductive in developing the NFT marketplace.

Like before, the platform will charge a two percent fee on the successful completion of each sale. Rather than being funneled to the platform's coffers, as is the case in other marketplaces, revenue generated will be used to reward the buyers and collectors of GHC NFTs. Therefore, the activity of the marketplace will directly benefit NFT holders.

Navigation Improvements to Boost User Experience
The launch of the marketplace also saw vital improvements being made to enhance user experience and extend the portal's functionality. For instance, users can quickly navigate and immediately view the items' aesthetics and distinguishing attributes without moving between lists leading to a smooth user experience.

Moreover, the development team introduced a new filter system. Users can search for NFTs based on different criteria, including price and auction type. For example, a filter that sorts existing NFTs from the lowest listing price to the highest would also require users to indicate their preferred range before being confirmed. This is a convenient introduction, saving users hours they would otherwise spend browsing endlessly, scanning listed NFTs.

GHC Token Stand to Benefit
The success of the NFTs marketplace stands to benefit the GHC coin—a community-driven BEP-20 compliant token. It circulates in the BSC network because of its relatively low trading fees. The GHC coin is already listed in over 25 exchanges, including and MEXC Global.

Continue reading on BTC Peers

Galaxy Heroes Launches its NFT Marketplace, Reduces Listing Fees by 10X

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email