# Faqs

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<summary>Is venomart a multichain marketplace ?</summary>

No, currently venomart only supports trading of NFTs on venom blockchain.

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<summary>What are the fees charged on venomart ?</summary>

Venomart applies a 2.5% platform fee on NFT sale transactions and a nominal fee on NFT and collection creation to prevent misuse. Creators determine their own royalty fees.

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<summary>What are smart points ?</summary>

Smart points will determine the allocation of $VMART token airdrops to our users, with higher smart point totals resulting in larger airdrops.

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<summary>Wen $VMART token ?</summary>

We are preparing for the release of the $VMART token sometime in the third or fourth quarter of this year (2024).

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