AlienSwap: A community-driven marketplace for membership-based NFT

AlienSwap is a community-oriented and community-driven membership-based NFT marketplace built on Ether and introducing the design of an NFT marketplace aggregator. To a certain extent, we can think of AlienSwap as NFT 1 inch, while the AlienSwap team promises that the profits of the marketplace will go to all holders of the community in order to make it truly community-driven.

AlienSwap's core team comes from OKX, Binance and top internet companies with extensive experience in trading and platform products having successfully built or participated in many hundreds of millions of user growth products in the past.

AlienSwap is currently trying to bring community ecommerce play to NFT, thus expanding a new user base for the NFT ecosystem.

In June 2022, AlienSwap closed a seed round of strategic investment, which was funded by participating institutions including OKX Blockdream Ventures, Bella Protocol, Mission Street Ventures, BIP32 Ventures, Kryptos Research Tranching Protocol, DeFi Times Capital, Richard Wang@Draper Dragon, DeFiMiner and other prominent institutions.

AlienSwap hopes to bring Social-NFT-fi and more new ways of playing NFT to the NFT track and in doing so introduce new users to the Web3 NFT ecosystem.

Project advantages and features

1. Users can actually trade, build and own AlienSwap

AlienSwap is a community-based NFT marketplace that is built specifically for NFT users. Every user and collector who chooses AlienSwap for NFT trading can build and own a part of AlienSwap together.

Also, to ensure true community, AlienSwap has a wealth of airdrops and trading rewards for the NFT community, including the Time Machine Mystery Box and ALIEN token airdrops. All NFT trading users are eligible for the Time Machine Mystery Box airdrop. And users who trade NFT through OpenSea, Blur, OKX NFT, LooksRare, X2Y2 and Gem also have the opportunity to receive the ALIEN token Mystery Box for free.

NFT users will be rewarded with up to 200 additional Mystery Boxes by trading NFT on AlienSwap. At the same time, NFT users can participate in trading, coin uploading and various forms of community building and receive ALIEN token airdrop rewards. It is reported that over 50% of ALIEN tokens will be distributed to the community.

2. Users can use the powerful trading features on AlienSwap

AlienSwap has quite powerful trading features and is easy to use. Its support for coin uploading and trading is accompanied by lower Gas fees.

AlienSwap has a first-of-its-kind Flash Sell feature that allows users to bid and sell NFTs through multiple marketplaces in one click without having to list them.

At the same time, AlienSwap also supports sweeps, collection offers and picking up mystery boxes.

3, AlienSwap can help users save 80% of the transaction costs, 20% of the Gas, and improve the speed of 30%

Compared to other NFT marketplaces, AlienSwap transaction rates are lower, only 1/5 of OpenSea, 1/4 of LooksRare. At the same time, users will save at least 20% of Gas fees when buying and selling NFT in bulk by using Sweep and Flash Sell.

4、Excellent resource support

AlienSwap's core team comes from leading Web3 and Internet companies such as OKX, CoinAid, Meituan, and FireCoin. It has successfully built or participated in many hundreds of millions of user growth products in the past and has rich experience in trading and platform products.

AlienSwap is also backed by leading institutions and investors, including OKX Ventures, Bella Protocol, ARPA, Mission Street Ventures, Ankr, BIP32 Ventures, Kryptos Research, Tranching Protocol, Richard@Draper Dragon, BMAN, and others.

Competitive Differentiation

AlienSwap is a community-based NFT trading platform that also serves as an innovative NFT marketplace. Regarding the differentiated competitiveness that AlienSwap possesses, it can be summarized into three main factors:

1、Mechanism and gameplay innovation

AlienSwap has a lot of innovative mechanism design, including its next will be launched membership, Referral play, as well as the royalty innovation that is currently being promoted.

AlienSwap believes that products should be thought of from the perspective of the community and users, and that mechanics innovation is not an end in itself, but a real market need. Therefore, it should focus on the real needs rather than blindly seeking innovation.

2. Product Power and Execution

The user needs of the NFT market are always the first principle of AlienSwap's product innovation. The community will drive AlienSwap to meet the current unmet needs of the NFT market and rapidly implement and promote it.

3、Community building and sharing

AlienSwap is a more community-oriented NFT marketplace, which means that all community members and traders can truly own a part of AlienSwap and achieve community sharing.

AlienSwap has always been guided by two core concepts:

1) We Aliens build

All community members experience, trade, communicate and improve on AlienSwap, and the community will drive AlienSwap to be even stronger.

2) We Aliens share

All members of the community will share in AlienSwap's agreement revenue, trading rewards, staking rewards, membership rewards and various growth bonuses.

Project Advancement Planning

As for the next step of AlienSwap, the AlienSwap team said that the biggest strength of AlienSwap is its community, so it will continue to invest in the community and grow together with it, They also believe that AlienSwap will be even more powerful when it is owned by 1000, 10000 or more community members.

The AlienSwap team believes that when AlienSwap is better than the competition, it will naturally attract more users. And one day, when people are more likely to use AlienSwap and less likely to use other NFT trading marketplaces, AlienSwap will become the best NFT marketplace.

In addition to this, AlienSwap sticks to the crowd and insists on giving back to the community. AlienSwap has innovative mechanism design and rewards, community airdrops, trading rewards, and 100% of revenue back to the community, which rewards community users and artists for their valuable interactions on the platform. This is one of the key differentiating features of AlienSwap, which comes from the community and gives back to the community.

Aggregation but not only aggregation

In AlienSwap's view, the competition in the NFT market track is not only with industry leaders such as OpenSea and Blur, but also with various aggregation protocols and new NFT platforms. From a product positioning perspective, AlienSwap NFT market is positioned as NFT 1 inch and it will set out to build its own mobility.

However, AlienSwap does not want to be limited to aggregators only, as the growth path of DEX and DeFi shows that pure aggregation protocols have very obvious limitations and shortcomings:

1. Early on, aggregation protocols will cut through functionality and transaction convenience in an attempt to become a traffic portal for the underlying transaction protocols, but the aggregation protocols themselves do not generate revenue, and the positioning of the traffic portal cannot be sustained in the long run.

2, because there is no agreement income, after the airdrop or Token Launch, will continue to generate pressure to sell, and eventually community reputation, price expectations formed by the double kill will bring irreversible damage.

3. From the perspective of community participation, it may be a relatively better outcome for pure aggregation protocols to be acquired, but being acquired also means that there is basically no possibility of airdrops, and community members' early participation and interactive contributions cannot be positively returned.

Therefore, based on the above perspectives, AlienSwap is committed to forming its own competitive edge.

AlienSwap attempts to bring the social commerce play to the NFT marketplace track. It hopes to leverage the killing power and speed of spread of membership and social commerce play to form a competitive advantage unique to AlienSwap.

As the first membership-based NFT marketplace, AlienSwap will launch a membership play based on AlienSwap Pass and a more community-oriented Referral mechanism after the Beta release. It hopes to bring many new ways to play the NFT market and try to develop the next million incremental users for the industry, and subsequently, AlienSwap will maximize the traffic around the community.