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How much does it cost to mint an NFT on Binance
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https://krazykong.monster/ HOW MUCH DOES IT COST TO MINT AN NFT ON BINANCE?
Binance is one of the largest crypto wallets as well as the NFT marketplace. Being one of the most popular platforms among NFT enthusiasts, Binance is a little costly when compared to other NFT marketplaces for minting and trading NFT collections. The fees vary depending on various factors including network status and market condition.
1. Minting Fees Each NFT needs to incur a minting fee which is 0.022 BNB around $4(depending on the market). On the other hand, Ethereum charges 0.12 ETH.
2. Royalty This is another best thing about NFT is that creators get the royalty on every sale. Depending on the number of sales, the creator can get 1% to 10% of royalty.
3. Deposit Fee Deposit fees or gas fees are deposited to the blockchain network for minting NFT. Gas fees also fluctuate depending on different factors.
4. Platform Fees At the time of sales, the person needs to pay the platform fees which are around 1%. Binance charges 1% of sales to the platform.
About Krazy Kong NFT Krazy Kong portrays the story of one of the modern Kong who is trying to forget his tumultuous past experiences and fit into the human society. After the long conflict between humans and animals Kong is finding ways for their co- existence. He is absorbing information from various media sources like entertainment, tv, and the internet. This NFT collection of Kong's portraits provides a window into his deep immersion, explorations, and experimentations of life and finding meaning in modern human society.
We are still at the early stage of our NFT project and planning to drop some exciting NFT collections soon on various platforms. Join our Discord to know more about Krazy Kong NFTs.