Litemint: Embracing Stellar Protocol 20 and Soroban Smart Contracts
Tags: soroban, stellar, litemint, blockchain
Published: 2024-02-20 17:23:15

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As the Stellar network embraces a new era with Protocol 20 and Soroban smart contracts, we at Litemint are set to leverage these advancements fully.

`$ soroban contract deploy --network mainnet`

In sync with Stellar's phased rollout—starting with limited Soroban transaction capacity—we are committing to a parallel strategy for our deployment.

During Phase 1, we aim to test and monitor our auction and royalty smart contracts on mainnet, prioritizing security, network stability, and fee optimization.

With the network moving towards full capacity in Phase 2, we are releasing the new Litemint marketplace and wallet app.

## New Litemint App: Zero blockchain babble

_Zero blockchain babble_ is the motto for our new app release, ([check out our video on X](https://twitter.com/LitemintHQ/status/1759989655280463933) to see it in action).

Similar to how gamers aren't required to know the game engines powering their favorite titles, our end-users should be able to focus solely on their immersive experience. We recognize that making the underlying technology invisible is crucial to Web3 adoption—and we have achieved just that.

Features designed to ensure a frictionless user journey include:

- Passwordless sign-ups and non-custodial wallet creation.
- Instant Usability. Craft. Sell. Collect.
- Mobile-first, state-of-the-art user interface.
- Fully integrated wallet with blockchain abstraction.

The Litemint app will be available on Android, iOS, Windows, Mac, and as a WebApp.

## Royalty Smart Contract

Our Royalty smart contract implements multiple royalty payment schemes for non-fungible tokens, including fixed, subscription, and percentage-based models.

A key feature is its ability to enforce royalty payments without isolating NFTs from the Stellar DEX, ensuring full access to the liquidity layer. Our approach ensures that NFT creators and collectors can freely hold and trade their NFTs from any Stellar DEX compatible service, enjoying an unrestricted sales funnel.

Read the full technical article [here](https://dev.to/kyung_jin/royalties-with-soroban-smart-contracts-an-interoperable-on-chain-solution-1dbm).

[Source code](https://github.com/litemint/litemint-soroban-contracts/tree/main/crates/litemint-royalty-contract)

## Auction Smart Contract

Our contract implements timed auctions with support for both open and sealed bid auctions, ascending and descending price mechanisms with linear or compound discount, customizable frequency/rate, buy now option, concurrent and cancellable bids, configurable marketplace commission rate, extendable auctions, easy behaviors plugin via strategy design pattern.

Read the full technical article [here](https://dev.to/kyung_jin/oracles-with-soroban-smart-contracts-a-practical-and-flexible-on-chain-framework-f3g).

[Source code](https://github.com/litemint/litemint-soroban-contracts/tree/main/crates/litemint-auction-contract)

## Let's Go!

As the Stellar network takes a significant step forward with Protocol 20, Litemint is ready to embrace the new possibilities that Soroban smart contracts bring.

[Litemint.io](https://litemint.io) new season is also set to start once our new platform and apps are deployed during phase 2. Keep posted for news on a new epic tournament and make sure you follow us on X for live discussions like this one.

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We are fully committed to unlocking new horizons for creators, collectors, and gamers paving the way for unparalleled innovation in the creative economy.

If you have any questions, don't hesitate to reach out. I'm usually active on [X @FredericRezeau](https://x.com/FredericRezeau) and Discord where you can find me in the [Litemint](https://litemint.gg), [Stellar Global](https://discord.gg/stellar-global-761985725453303838) and [Stellar Developers](https://discord.gg/stellardev) servers!

Feel free to reach out on [GitHub](https://github.com/FredericRezeau) too.