NFTC Verification Technology: Smart Contract-Based Authentication and Fee Mechanism

The NFTC verification process is powered by a smart contract that officially verifies the NFTC and integrates an automatic fee system. This smart contract assigns the "verified" status to the NFTC and ensures that each future transaction includes a fixed commission, which is sent to the NFTC network.

How Does NFTC Verification Work?

1. NFTC Creation
   A user creates an NFTC that may be associated with a project, contract, or any other digital asset. At this stage, the token is not yet officially verified.
2. Verification Request
   The NFTC owner submits a verification request, allowing the token to be included in the database of verified NFTCs. This process ensures that the NFTC meets the established standards and protects users from counterfeits.
3. Verification Fee Payment
   To proceed with verification, a fixed fee must be paid. This one-time payment activates the process of officially confirming the token.
4. Issuance of a Verification Signature
   The verification process includes a signature that confirms the token’s status. This signature is issued by regional NFTC agencies, authorized by the NFTC system. Only these agencies can grant the "verified" status to an NFTC.
5. Assignment of "Verified" Status
   Once successfully verified, the NFTC code is updated with a special record that:
   • Confirms its authenticity and the presence of an official agency signature.
   • Makes it immutable—after verification, the NFTC can no longer be edited.
   • Enables an automatic transaction fee mechanism for any further transfers.
6. Automatic Fee Collection on Transactions
   Once verified, every transfer of the NFTC to another user will automatically include a small fixed fee. These funds are allocated to the NFTC network to support infrastructure and system operations.

Why Is This Important?

• Smart Contract-Based Security: The verification process is transparent and automated, eliminating human errors.
• Fraud Protection: Verified NFTCs carry an official agency signature, making forgery impossible.
• Regional Verification: NFTCs can be verified through specialized agencies in different parts of the world, making the process more accessible to users.
• Guaranteed Immutability: Once verified, an NFTC cannot be altered, increasing trust in the system.
• Economic Sustainability: Fees for verification and transactions help maintain and develop the NFTC network.

Through smart contract-powered verification and official signatures, NFTC becomes a reliable tool for digital assets, ensuring transparency, security, and economic efficiency