🥊Actions

Fractionalize. Allows an NFT owner to pledge an NFT into an LIQNFT vault to be fractionalized into a supply of OT that will then be listed for mint to the primary buyers. The asset owner will be able to specify the number of OT (or the supply) to be created as well as assigning the initial mint price for the OT. The asset owner will also have the option to decide the percentage of OT to be sold, allowing the owner to retain a portion of the original NFT ownership.

Serialize. Allows an artist to create a fixed supply of limited edition and serialized tokens from an original master copy. The artist will be able to determine the number of ST to be created as well as the original mint price. Primary sale buyers will be able to mint the editions directly and be able to sell these in auctions subsequently in the marketplace.

OT Trading. Once an NFT has been fractionalized into OT, the OT can be freely traded and exchanged on the LIQNFT marketplace. OT can be traded against supported crypto pairs, starting with SOL at launch. A transaction fee will be incurred on each OT transaction. The current LIQNFT orderbook is powered by Project Serum.

ST Marketplace. Once an NFT has been seiralized into ST, the holders of ST can list the token on LIQNFT's marketplace to be purchased by other buyers in the marketplace.

Redemption. If a buyer is able to acquire 100% of the outstanding OT or is able to meet the tender offer price, then the buyer will be able to redeem the original NFT from the LIQNFT vault. If the buyer redeemed through a tender offer, then all outstanding OT holders will be entitled to a pro-rated share of the proceeds that they can claim from the vault once the redemption is complete.

Tender Offer Voting. Each OT holder is entitled to a vote on the tender offer price, which is the price that a buyer will be able to come and buy out the entire vault under the tender offer and withdraw the original NFT. At least 51% of all OT holders must vote to sell for the vault to be eligible for tender offer. The LIQNFT contract will calculate the weighted average price voted by all OT holders to determine the tender offer price.