Secondary secondary token markets launched its main on Ethereum on Thursday in order to provide a more effective market for illiquid assets by eliminating intermediaries and by establishing a fair token on the free market.
Secondswap uses a liquid routing algorithm which optimizes trade execution and minimizes price shift to guarantee secure and scalable trading experiences for buyers and sellers.
“By introducing an exchange of decentralized command book style, we provide transparency to the secondary token markets,” said Kanny Lee, founder of Secondswap, in an email in Coindesk.
“Our platform offers visibility on purchase and sales orders, by taking advantage of price discovery mechanisms such as market depth and liquidity profiling. Thanks to the integration of transparent portfolio, we ensure proof of control for sellers and proof of funds for buyers, improving security and trust. »»
Secondary markets for locked tokens refer to platforms or mechanisms where tokens which are in a form of locking or acquisition calendar can be exchanged before being fully released or unlocked.
These markets provide a means for locking tokens holders to gain liquidity, which means that they can convert their assets to cash or other assets before tokens are fully unlocked – giving early liquidity to the sellers and the risk of ‘Obtain assets for a discount for buyers.
Secondswap introduced a offer campaign to facilitate prices discovery and improve liquidity in the first weeks, allowing merchants to set their own prices and take care of the correspondence between buyers and sellers once the function ‘Purchase / sale of flows.
The merchants connect their portfolios, accessing a list of locked tokens that they can express an interest in buying by fixing their favorite price goal. Participants will be informed when the inventory is available at prices in force, ensuring that the first adopters can engage with new opportunities as they emerge.
The platform plans to extend to the Solana network in the coming months, according to a feat that Lee could unlock more than $ 500 million in volume.
“Liquidity with locked token represents billions of dollars of unexploited value. The impact of unlocking this liquidity cannot be underestimated. On Solana only, even the activation of only 10% of dormant liquidity could inject more than $ 500 million into exploitable volume, “said Lee.
“It is certainly one of the pilots to associate yourself with Solana at the start. When associated with the impact that the acquisition mechanism of Secondswap can offer mecoins – to reduce the supply in circulation – Solana partnership will continue to flourish and benefit from the wider market. »»
