What Is Etherrock#72 (PEBBLE) ?
Etherrock#72 (PEBBLE) There are no custodians and vaults are fully decentralized, audited smart contracts. 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.
Etherrock#72 (PEBBLE) price (in ETH) required to initiate an auction for a vault and its NFT(s). 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. At auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.
Etherrock#72 (PEBBLE) 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.
Etherrock#72 (PEBBLE) An auction is a public sale of a vault and all its contents, which is triggered when someone deposits and offers an amount of ETH 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.
Etherrock#72 (PEBBLE) 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|
Etherrock#72 (PEBBLE) A non-fungible token (NFT) is type of cryptographic token which represents ownership of a unique asset on the block chain. No two NFT tokens have identical attributes, which means that the NFT that you hold exclusively belongs to you. It is yours, and only yours. Smart contracts prevent duplication and the public nature of block chains ensure the scarcity of the asset.
Etherrock#72 (PEBBLE) are numerous benefits of fractionalizing NFTs. For the original owner, fractionalizing provides increased liquidity and quicker, more efficient price discovery, while reducing volatility. Secondly, it allows buyers either priced out of certain pieces, or those who want to diversify their portfolio over a more broad collection, the ability to do so.
Etherrock#72 (PEBBLE) Though trading volume is far off its momentary peak of $310M in May, volume has rebounded recently, exceeding $110M in transactions during the last month, a figure that still is higher now than at any point from 2020. About ⅔ of that figure is through primary sales, while the rest is accounted for from secondary sales. A more bullish indicator is the 30 day moving average for the amount of active wallets, which has remained steady from March to June, even with decreased trading volume. Over 27,000 unique wallets bought or sold an NFT during the month.
Etherrock#72 (PEBBLE) Cryptocurrencies are inherently risky, and emerging asset classes like NFTs are no exception towards the rule. In fact, as a whole, this asset class may carry even higher volatility than other crypto assets. While the NFT space has seen strong momentum, that may not always be the case; research accordingly and proceed with caution.
Etherrock#72 (PEBBLE) Alongside individual NFTs, users will be able to fractionalize entire collections of NFTs and release them under one fractional ownership token. This will allow for users to enjoy learning from the industry knowledge of accomplished NFT collectors while being able to collect fractions from their curated vaults.
Etherrock#72 (PEBBLE) All NFTs held by the Fractional protocol are custodied in the protocol smart contracts. They can only be withdrawn in the case of a buyout auction or if a user has accumulated 100% of the total supply of the token. This is to make sure that there is no situation in which the NFT can be withdrawn from the platform unless through a planned withdraw.
Etherrock#72 (PEBBLE) Token holders have the ability to continuously vote on a reserve price. The weighted average of this vote decides on the price needed to initiate a buyout. Alongside the reserve price, a buyout is also limited by a minimum quorum of token voters.
Etherrock#72 (PEBBLE) This quorum is set by governance. A buyout can happen when there is an external party who deposited ETH that is greater than or equal to the reserve price after a minimum percentage of token holders have voted on the reserve price. This will kick off an auction. At auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.