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How does NFT purchase work?
During the Free Market phase, an interested buyer can purchase the entire asset at the market price. The purchase will take place immediately, without the need to go through mechanisms or approvals.
The purchase price is determined by the NFT value regulated as explained in the section above, plus platform fees of 1% and if present the Quantix seller royalties.
NFT purchases Key Messages
Buyer Cashback
While buying an asset that has acquired liquidity during the Free Market exchange the buyer will also earn a cashback, that can be used for future NFT purchases on Quantix.
Cashback will amount to 5% of the liquidity deposited in the vAMM during free market trades.
End of the Sale and Liquidity Distribution
At the end of the purchase, a series of steps are performed that govern the proper division of the liquidity present in the pool, which is coming from the buyer that purchased the NFT + the liquidity deposited during the Free Market exchanges.
Liquidity deposited during the Free market is used 55% to mitigate the NFT price for the buyer, 10% is given to the initial seller as an additional reward, 5% users for the buyer cashback, 5% as a platform fee, and 25% divided between the shares holders pro quota.
Liquidity deposited by the Buyer for the NFT purchased net of the fees is entirely divided between the shares holders pro quota.
Want to simulate the liquidity distribution? Try the Free market vAMM simulator here
What to know the Math formula of the NFT purchase? learn more on Product Doc
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