SuperStep Whitepaper
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Marketplace

Marketplace is where users trade and lease their sneakers and other items.

Leasing system

At SuperStep, users can lease their sneakers out to earn $SGST or $SGMT. This means if a new user wants to play SuperStep, he/she has to either purchase a sneaker or buy $SGST, $SGMT at the exchanges to pay sneaker rents.
Leasers can customize the term of the rental contracts, upon agreement with the renters, the contracts will become active for 1-7 days depending on the terms. For example, a leaser can mandate the time-length of the contract and whether the renter should return the sneaker with the same durability as he/she received it.
Each and every user at SuperStep is assigned a credit rating, failure to fulfill the terms will result in a deduction of the renter’s credit rating.

Trading and Rental Tax

SuperStep collects tax from trading and leasing with the purposes of inflation control and project funding.
The tax rates are listed at the following chart:
Taxable Activities
Tax Rate (%)
Marketplace Trading Fee
30
Marketplace Royalty Fee
20
Minting Tax
6
Rental Tax
8
The Royalty Fee are payable to the NFT creators.
Last modified 4mo ago