Decentralized OTC/Locked Token Liquidity Marketplace
GameOn Forge will include a ‘Locked Token Liquidity’ feature, that will allow launchpad and seed sale participants to easily access liquidity from their unreleased tokens via a decentralized OTC option.
How It Works
Wrap Locked Assets - Users will be able to 'bundle' locked tokens and wrap them as a ‘Flex-Token’ asset.
Flex-Token or Flexible-Asset is a wrapped asset containing a ‘bundle’ of fungible tokens, in this case locked or unreleased tokens, that allows them to be transferred from one wallet to another as an NFT. Transferred tokens are still subject to their respective vesting schedule.
List On Marketplace - The 'wrapped token bundle' will then be available to list for sale on the GameOn Forge NFT Marketplace, where buyers will be able to purchase the asset at the listed price, place bids, or make offers to sellers.
Claim Assets - Upon the completion of a sale, the NFT will transfer to the buyer's wallet where the tokens will become available as per their respective token vesting schedule or the NFT may be sold again on the marketplace if the new owner chooses to do so.
This feature will provide a medium for buyers and sellers to connect and seamlessly execute P2P transactions to access liquidity or OTC deals on unreleased/locked assets, without requiring an intermediary party.
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