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Buy Shares in Quantization Phase
What are shares in the Quantization phase, who can buy them, and how do they work?
What are shares in the Quantization phase?
In the context of NFTs, shares in the Quantization phase represent parts of an NFT that are minted and sold during the quantization phase.
During the quantization period, the NFT owner locks their asset in a smart contract that mints shares based on the liquidity that is deposited. The shares represent the value of the NFT, and buyers can purchase them with wETH for a fixed price.
The purpose of creating shares is to allow more buyers to participate in the purchase of the NFT, as the price of a single NFT can sometimes be prohibitive for some buyers. By creating shares, buyers can purchase fractions of the NFT at a lower price, making it more accessible to a wider range of buyers.
How do shares in the Quantization Phase work?
The NFT owner sets a target price for the NFT, and during the quantization period, buyers can purchase shares with wETH until the target price is reached. The price of the shares is fixed during this period.
Advantages of buying shares in the Quantization Phase:
- the share price is fixed and usually lower than the Free Market ones
- backers can cancel participation until the phase of quantization is not concluded
- backers earn fees on the exchanges made in the Free Market
- backers can access the governance of the NFT during Free Market
Disadvantages of buying shares in the Quantization Phase
- there is a charge of a 2,5% fee if they sell their quota before the end of the Quantization Phase
- Backers can sell their Shares only peer to peer
There are fees to buy shares in Quantization Phase?
There are no fees in the strict sense, but the price collected during the Quantization Phase is increased by 3% related to the asking price of the seller so Quantization phase backers pay an indirect fee of 3% that goes to the platform staking system.
Who can benefit from buying shares in the Quantization phase?
Buying shares in the Quantization phase can benefit buyers who want to invest in an NFT but can't afford to buy the entire asset. By purchasing shares, buyers can own a fraction of the NFT and participate in potential profits when the NFT is sold on the free market.
It also benefits NFT owners who want to sell their assets in a more secure and transparent way. By creating shares, NFT owners can increase the liquidity of their assets, making them more accessible to potential buyers. Additionally, by locking the NFT in a smart contract during the quantization period, the sale process is more transparent and secure for all parties involved.
Follow the step-by-step guide on how to buy shares in quantization phase
- Buy Shares in Quantization Phase
- What are shares in the Quantization phase?
- How do shares in the Quantization Phase work?
- Advantages of buying shares in the Quantization Phase:
- Disadvantages of buying shares in the Quantization Phase
- There are fees to buy shares in Quantization Phase?
- Who can benefit from buying shares in the Quantization phase?