Secondary Token Markets Secondswap launched its Netnet on Ethereum on Thursday with the aim of providing a more efficient market for ilequid assets by eliminating intermediaries and establishing a value of Token right in the open market.
Secondswap uses a liquidity routing algorithm that optimizes commercial execution and minimizes price sliding to guarantee safe and scalable commercial experiences for buyers and vendors.
“By introducing a decentralized exchange of order book style, we are bringing transparency to Token’s secondary markets,” said Kanny Lee, founder of Secondswap, in an email to Coindesk.
“Our platform provides visibility in purchase and sale orders, taking advantage of the pricing mechanisms, such as market depth and liquidity profile. Through the integration of the perfect wallet, we guarantee a control test for sellers and the fund test for buyers, improving security and trust. “
Secondary markets for blocked tokens refer to platforms or mechanisms where tokens that are under some form of locking or award time can be exchanged before they are completely released or unlocked.
These markets provide a way for closed tokens holders to gain liquidity, which means that they can convert their cash holdings or other assets before the tokens are completely unlocked, which gives early liquidity to sellers and the possibility of obtaining Assets with a discount for buyers.
Secondswap has introduced an offer campaign to facilitate price discovery and improve liquidity in the first weeks, allowing merchants to establish their own prices and support the coincidence between buyers and sellers once the function of flow of flow is enabled trading.
The operators link their wallets, accessing a list of blocked chips that can express interest in buying their preferred target price. Participants will be notified when the inventory is available at prevailing prices, ensuring that the first users can interact with new opportunities as they emerge.
The platform plans to expand to the Solana Red in the coming months, a feat that Lee says it could unlock more than $ 500 million in volume.
“Blocked token liquidity represents billions of dollars of unleasive value. The impact of unlocking this liquidity cannot be underestimated. In Solana alone, even activating only 10% of inactive liquidity, could inject more than $ 500 million in processable volume, ”said Lee.
“It is definitely one of the drivers to associate with Solana from the beginning. When combined with the impact that the Secondswap award mechanism can offer memecoras, to reduce circulating supply, the Solana association will continue to flourish and benefit the widest market. “
