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Cancel Quantization Phase
What does it mean Cancel Quantization Phase, who can use it, and how does it work?
What does it mean Cancel Quantization Phase?
How does the Cancel Quantization Phase work?
During a standard Quantization Phase, a seller usually waits until liquidity reaches 100%, however, in certain circumstances, the backers reach a lower amount. If the seller is not satisfied with the amount raised he can decide to cancel the process, and get back the NFT while all the backers will be refunded. By doing so the seller also pays a 1% penalty fee on the amount raised.
There are fees for the Seller to Cancel Quantization?
The seller pays a 1% penalty fee on the amount raised, if the NFT hasn't raised liquidity in the quantization phase the seller won't pay any fee.
Who can benefit from Cancel Quantization Phase?
A Seller that has changed his mind. A Seller that has put in sale an NFT on Quantix but released that can have a better market on another platform. A Seller that receives a better offer on another platform.
Check the step-by-step guide on Cancel Quantization Phase