Liquid Collectibles
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  • Introduction
    • 👋Welcome to LICO!
      • đŸĨ°Meet the team
      • â„šī¸Key Project Information
      • 🤔Frequently Asked Questions
    • đŸĒ„Features
    • â¤ī¸Benefits for everyone
    • đŸˇī¸Floor price
    • 💸Passive Income
  • Tutorials
    • 🛒Collecting
    • đŸĒ™Tokenizing
    • 💸Staking
    • 🚜Yielding
  • TOKENS & ECONOMICS
    • đŸ’ĻThe $LICO Token
    • 💧The $LIMOi Token
    • đŸ›ī¸NFTi Tokens
    • 📄Contract Addresses
  • 🌎ECOSYSTEM
    • 🤝Partners
    • 🔐Audit
  • Beta Marketplace V2
    • 🤓What to Expect
    • ❓Frequently Asked Questions
    • 💰Beta's Bounty Terms and Conditions
  • Brand Kit
    • 🎨Liquid Collectibles
    • ✨Liquid Monsters
  • More info
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      • Social Media Marketing Manager
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      • Product Lead
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  • How is this different from 'traditional markets'?
  • What about Liquid Collectibles?
  • For a deeper understanding, please check these materials:

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  1. Introduction

Floor price

PreviousBenefits for everyoneNextPassive Income

Last updated 2 years ago

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Liquid Collectibles' floor prices don't work as in other marketplaces.

To understand it, first, we must consider how the NFT indexes (NFTi) work.

For every 100 NFTi in circulation, there has to be 1 NFT collateralized in the protocol. Whenever someone buys (redeems) an NFT, 100 NFTi are burned. The inverse happens when someone sells (tokenizes) an NFT with 100 NFTi being minted.

This means the market will remain fluid for buyers/sellers, preventing the NFTi from being inflationary and negatively impacting the NFT floor price.

How is this different from 'traditional markets'?

Traditional marketplaces require a seller who lists their pieces and a buyer to meet the offer for a trade to be completed. In order to raise a collection's floor price, every single piece listed at the lower price must be bought.

What about Liquid Collectibles?

Whenever an NFT is bought with $BNB, the NFTi are bought behind the scenes from the market as part of the transaction, which creates steady buying pressure on the NFTi, consequently raising the floor price of the collection. This means only ONE purchase would be needed to raise the floor.

For a deeper understanding, please check these materials:

đŸˇī¸
What happens when buying or selling NFTs on Liquid CollectiblesMedium
Medium article
YouTube Video
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