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How can a marketplace solve the millennia-old dilemma of sellers trying to get the maximum price for their products and buyers wanting to pay as little as possible? That's an impossibility, you might argue, and you'd be correct most of the time. However, one NFT marketplace, eesee (ESE), has managed to do just that.
The eesee project offers a gamified crypto assets marketplace where NFT sellers can create "raffle drops" — lottery-like product listings — and potential buyers can purchase tickets for a chance to win the listed NFTs, paying only a fraction of the item's actual market price. Market sellers benefit, too, as NFT creators and traders can often sell their assets for a much higher price than their items would fetch on other marketplaces.
Key Takeaways:
Eesee (ESE) is an NFT marketplace that uses a gamified lottery system to choose winners for items listed for sale.
Eesee's lottery-based system allows creators and traders to sell their NFTs for prices well above those they can get on other platforms.
Buyers on eesee also benefit, as they get a chance to win an NFT for a fraction of the item’s market price.
Eesee (ESE) is a gamified digital asset marketplace that uses a lottery system to help sellers sell quickly and get higher prices for their assets, while allowing buyers to purchase assets for fractions of their real market prices. As of mid-April 2024, eesee specializes in digital asset trading for NFTs. In the future, the project team plans to introduce other digital assets, such as fungible cryptocurrencies and real-world assets (RWAs). NFTs listed on the platform span genres as diverse as art, gaming, music and sports.
Eesee was founded in 2022 by technology entrepreneur Vova Sadkov and is based in Dubai, UAE. It operates as a decentralized app (DApp) on both Ethereum (ETH) and the Ethereum-linked Layer 2 network Blast (BLSTR).
Sellers on the eesee platform create lots to sell their digital items via a gamified lottery system. Buyers willing to enter the raffle for the NFT buy tickets for a chance to win the item. Typically, the ticket cost represents only a fraction of the NFT's actual market value. The ticket's marginal cost attracts more buyers to join the raffle, thereby allowing sellers to sell their NFTs quicker, and at prices they'd be unlikely to get elsewhere.
The hopeful buyers who lose during the lottery are still entitled to a share of the trading volume from the platform's operations. Once the users reach a specific trading volume, bonuses are unlocked that include ESE tokens and other digital assets.
NFT sellers can either bring in their assets held outside of the eesee platform or mint new ones specifically for listing on the marketplace. For any lot/NFT lottery, the seller can assign their preferred fixed price and the number of tickets by which to divide the listing price. Anyone willing to enter the lottery buys a ticket for a chance to win the item.
Each ticket has an equal probability of winning. The eesee marketplace uses a transparent randomizer system to decide each lottery winner. Eesee's randomizer is sourced via Chainlink (LINK), the industry's leading oracle services provider. Chainlink is a popular and trusted choice for many crypto projects looking to maintain the highest level of transparency in their operations.
To further maintain the fairness of the lottery system, no potential buyer is allowed to purchase more than 20% of the tickets allocated to the lot.
When the item is sold, eesee retains 6% of the sale amount as a commission to fund its reward pool for monthly cashbacks. The pool is a crucial element of the platform's operations, used to distribute trading volume allocations and rewards to all of the platform’s users, including buyers who miss out on the chance to win in the lotteries. A user's platform activity is the primary determinant of the amounts they can earn from the pool: the more lifetime activity they accumulate, the more monthly cashback they’ll earn.
ESE is the platform's native crypto, envisioned to have both governance and utility functions. Members of the platform's DAO (i.e., users eligible for trading volume distributions from the rewards pool) can vote on important aspects of eesee's operations and protocol rules. In order to be eligible for voting, a DAO member needs to hold at least 10,000 ESE in their wallet.
As a utility token, ESE is used for all transactions on the platform — item sales, ticket purchases, trading volume allocations from the rewards pool, commission payments and any other transaction activity.
ESE was launched on Apr 12, 2024. The token's maximum supply is 1 billion, and its total supply is around 427 million. Supply allocation shares for the ESE token are per the table below.
You can buy ESE on Bybit's Spot market. In addition, until Apr 24, 2024, you can take part in Bybit's ESE campaigns for a chance to win a share of the 100,000 USDT price pool.
As of Apr 15, 2024, ESE is in its fourth day on the market, trading at $0.1218. Long-term price forecasts for the newly launched token are largely bullish. PricePrediction expects it to trade at $0.2686 in 2025 and $1.43 in 2030, while DigitalCoinPrice forecasts prices of $0.31 in 2025 and $0.89 in 2030.
Eesee presents a unique marketplace. Not often do you encounter an NFT platform on which both sellers and buyers can benefit considerably from a rare win-win scenario. Naturally, there’s the issue of those who lose out during the lotteries. Nevertheless, even these users can recoup some or even all of their losses, thanks to the trading volume reward distributions.
The more often you participate on the platform, the higher the distributions to which you’ll be entitled. Additionally, more active participation spells a higher chance of winning at least some of the items you'd like to add to your personal NFT collection. The more we think of eesee and its gamified system, the fewer losers in the process we can spot!
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