Sui Kiosk: an innovation trading platform for encryption assets

Sui Kiosk is a digital asset trading primitive implemented on the Sui blockchain, providing creators with flexible options to set trading conditions for assets. It is similar to self-service vending kiosks in the real world, but specifically designed for trading digital assets and NFT collectibles.

The core functions of Sui Kiosk

The basic components of the Sui Kiosk include:

1. Kiosk and KioskOwnerCap: Allow asset owners to deposit and list assets for sale.
2. TransferPolicy and TransferPolicyCap: define the conditions and rules for asset transactions.
3. Rules: The specific terms in TransferPolicy stipulate the transaction details.

The design concept of Sui Kiosk is universality and scalability, providing a basic framework for creators while supporting complex scenarios such as auctions and lotteries.

Kiosk application in SuiFrens

SuiFrens Bull Shark NFT is issued through Kiosk, implementing two key rules:

1. Copyright rules: Require payment of royalties to creators during secondary sales.
2. Lock-up Rules: Preventing Off-platform Transactions that Circumvent Royalty Rules

This demonstrates the capability of Sui Kiosk in enforcing royalties, meeting the needs of creators.

A Simplified Guide to Using the Kiosk

Creators can create a TransferPolicy for assets to define transaction rules. Taking SuiFrens as an example, its TransferPolicy includes:

• Royalty rules: Specify the royalty amount for sales in the secondary market.
• Locking rules: Ensure that assets can only be traded through NFT markets that support Kiosk.

In the future, new features such as soul-bound Kiosk and bottom price rules will be launched.

The development prospects of Kiosk

Sui Kiosk provides creators with great flexibility and control. In the future, it will support more complex business models, such as auctions, raffles, and licensing. These features will enable fair and transparent asset transactions in a decentralized environment, empowering creators.