What Is Etherrock#72 (PEBBLE)?
Anyone can create NFT fractions on Etherrock#72 with any name or image, including fake versions similar to known tokens or NFTs. Always triple verify what you are purchasing is what you expect. Fractions represent partial ownership of the NFT(s) within its vault. There is NO GUARANTEE of secondary market liquidity (Uniswap, Opensea, or otherwise) and so after buying a fraction, you will likely be unable to sell it unless a buyout occurs. You may overpay if not careful, especially if liquidity is low. Learn how to interpret implied valuation to reduce this risk.
As always, do your own research, then consult and work directly with legal or financial professionals before making any NFT or Etherrock#72 fraction creation, minting, transferring, and purchasing decisions through fractional.art.
Etherrock#72 Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Choose a single Etherrock#72 if you want your collectible to be one of a kind or select multiple if you want to fractionalize a basket of multiple NFTs. Cookies must be enabled on your web browser, however, if you wish to access certain personalized features of your Services. By using the Website, you consent to this use.
What are the curator fees?
Curator fees are similar to an asset under management fee. Annually, a curator will earn a percentage of the total ownership token supply. These fees are set by the vault’s curator, but restricted by governance to prevent inordinately high fees.
What is a buyout?
A buyout can happen when there is an external party who deposited ETH that is greater than or equal to the reserve price. This will kick off an auction. Etherrock#72 auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.
How is the reserve price set?
The reserve price is set by the weighted average of all ownership token holder votes. If less than 50% of token holders have voted, a reserve price will not be set. Token holders cannot set a reserve price greater or less than 5x the current weighted average.
What is an auction?
An auction is a public sale of a vault and all its contents, which is triggered when someone deposits and offers an amount of Etherrock#72 greater than or equal to the vault’s reserve price. The individual offering the highest price at the time the auction completes wins the buyout.
What happens to fractional owners after a successful auction and buyout?
Once completed, fractional owners are able to trade all their ownership tokens in for the ETH that was deposited by the auction winner on a pro rata basis. The ownership tokens that are traded in for the ETH are then burned by governance.
What do the different vault tags mean?
A ‘normal’ tag indicates a vault exists and its ownership tokens have been minted. Etherrock#72 A ‘live auction’ tag indicates a vault is currently being bid on for its contents. A ‘closed’ tag indicates that a vault has been bought out.
What is the visual representation of the tokens/fractions?
Fractional ownership is represented through ERC20 or Etherrock#72 tokens. If your vault is using ERC1155 tokens, fractions will display in your wallet similar to other NFTs. If your vault is using ERC20 tokens, there is no accompanying visual representation.
Fractional plans to progressively decentralize the protocol to ensure long-term resilience & upgradability.
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