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Vote to Lock NFT Purchases
What Vote to Lock NFT purchases mean, who can benefit, and how does it work?
What Vote to Lock NFT Purchase mean?
It's a feature that gives control to QP Backers to block the sale of a Quantized NFT.
How does Vote to Lock NFT Purchase work?
Usually during the Free Market the NFT is always in sale. However thanks to this feature, QP backers can decide to prevent the NFT to be sold.
The voting power is based on % of ownership and to activate the lock more than 50% of the QP backers need to agree.
N.B. the Vote does not affect the purchase of the Free Market shares still allowing price discovery to continue.
There are fees to vote to lock NFT purchases?
No there isn't any fee
Who can benefit from locking NFT purchases?
Backers that believe the NFT price will grow more in the future and don't want to sell right now.
Backers that want to hold NFT long term.
Check the step-by-step guide on Vote to lock purchases -
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