Unlock new Fractional NFT markets

During the launch, only a small handful of Fractional NFT markets will be unlocked and open for smart token purchase and interaction. These will include soccer and cricket as a standard. All other markets can be unlocked by users who stake a proportionate amount of STAX tokens while also purchasing a minimum amount of smart tokens for their chosen market.

We will determine the amount of STAX tokens required and the initial price of smart tokens for new markets by using the data of past performances and statistics across existing Fractional NFT markets. If an event has seen higher real-life performance levels, the initial price and stake requirements will be higher.

This also means that users will play an integral part in the initial price and supply of new Fractional NFT markets, with the user base activity setting the bonding curve parameters that will go on to govern the price and supply of any smart tokens for each market.

Once the market is unlocked, smart tokens prices will fluctuate in line with supply and demand, as per all the other markets, giving users an extra incentive to get in early and purchase smart tokens before they start to rise in price.