- DODO has aims to introduce the NFT Vault working on fractionalization concept to its users
- The owners of the vaults will be able to control the distribution of the tokens
- The DEX will automatically create a low-cost liquidity provider after the owner pledges the NFTs
DODO NFT Vault is expected to be giving everyone the chance to start a business on the blockchain network. DODO, a decentralized exchange (DEX) aims to introduce NFTs, market discovery, and liquidity protocol for non-standard assets. The NFTs could enable a no-cost liquidity solution to non-standard assets. Following the features of the vault, it is found that pledging non-fungble tokens into the DODO NFT Vault will generate an ERC-20 token contract. It also automatically creates a DODO trading pool, and the users can enjoy the NFTs price increments.
DODO NFT Vault owners can administer the distribution of NFTs
The users pledging NFTs in the DODO NFT Vault can get the authority of setting the percentage of tokens moving into the secondary market. Moreover the owners can set aside the NFTs distribution among the primary market and creative teams. Also the owners can pledge more tokens in the vault in future after the first pledge. On the other side, a user will be allowed to issue several NFTs and pledge into the vault. However, this NFT fractionalization method has been discussed before also, but it will be the first time DODO will implement the method.
Crypto market’s most efficient liquidity provider
DODO has always aimed to be the most efficient on-chain liquidity provider in the cryptocurrency market. Pledging NFTs in the DODO NFT Vault creates a trading pool, and pledges in all FRAG tokens entering the market. Indeed, this helpes the users to create no-cost liquidity pools without any complexity. Later as the transactions began, the Frag prices would automatically increase. And the token initial price of FRAG becomes the value of the NFTs.
FRAG holders can enjoy NFT price increments
The pieces of DODO NFT Vault will circulate in the market and regular users can enjoy the benefits of price increment. A user willing to purchase the vault will need to pay the NFT’s value immediately. And the fund will get in the vault contract and the NFTs will be transferred to the buyer.
On the other side, the developers are planning to set adjusted parameters. Such parameters will allow users to trade FRAGs with the price at the time of the transaction. Notably, following the core concept behind the DODO NFT Vault, it is observed that purchasing up the vault is not a mandatory process. Moreover, the owners of such vaults get the right to set a protection period to waive the buyout option. Also they can opt not to buy out the vault.
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