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Terminate in advance Quantization Phase
What does it mean Terminate in advance Quantization Phase who can use it, and how does it work?
What does it mean Terminate in advance Quantization Phase?
How does Terminate 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 satisfied with the amount raised he can decide to terminate the process and get the liquidity, while the NFT goes in Free Market. By doing so the seller also pays a 3% fee on the amount raised.
There are fees for the Seller to Terminate Quantization?
The seller pays a 3% fee on the amount raised. This happens because the platform fee is raised by increasing the Seller asking price by 3% and is not collected on each trade of the Quantization Phase. By performing an early termination the Seller won't give the chance to collect these fees.
Who can benefit from Terminate Quantization Phase?
A Seller that has overvalued his NFT. A Seller that is in a rush to sell and can't wait to reach 100% of the Quantization Phase. A Seller that is selling an NFT that has lowered his value during the quantization phase (E.I. floor price of a collection drop after the seller has already put on sale the NFT).
Check the step-by-step guide on Terminate Quantization Phase before it ends
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