💵Native NFT Marketplace & OTC Trading

Overview

In addition to our robust ecosystem, we are excited to introduce a native NFT marketplace specifically tailored for Titan Legends NFTs and Build on TitanX projects. This marketplace provides a dedicated platform where users can seamlessly buy, sell, and trade Titan Legends NFTs and other TitanX Ecosystem NFTs using $TITANX (or $ETH).

The integration of TITAN X as the primary currency for transactions within the marketplace offers several advantages.

1) It enhances accessibility and convenience for users, as they can utilize a familiar token for all their NFT-related transactions. Instead of secondary sales for NFTs being on marketplaces like Opensea using primarily ETH to transact, we are now able to keep transactions within the TITAN X ecosystem and conduct NFT sales in $TITANX and/or ETH depending on the collection.

2) By facilitating transactions in $TITANX, the marketplace contributes to the broader adoption and utility of $TITANX. This increased demand for $TITANX can potentially help to drive its value, benefiting token holders and ecosystem participants alike.

3) The price of the NFTs on the secondary market being measured in terms of $TITANX provides a clear and intuitive valuation method consistent with the token's original minting.

4) Most importantly for Titan Legends, our Native Marketplace offers an OTC trading mechanism where users are able to purchase and sell NFTs that have a backed liquid value in the $LGNDX token. This allows users to sell their stake in the $LGNDX token without selling into the main liquidity pool (preventing a negative impact on the token price). Additionally, this built-in mechanism offers a perpetual arbitrage opportunity where if the "liquid floor price" of the NFT exceeds the floor price of a given marketplace listing, another user is able to purchase the NFT, claim the bounty and sell the linked tokens to make a quick gain.

A feature of the marketplace is the implementation of a 3% fee structure on transactions in $TITANX (or ETH). This fee is charged on marketplace transactions will be used to buy back and burn the $LGNDX token.

The creation of our own marketplace for Titan Legends represents a massive step towards a self-sustaining ecosystem by adding additional utility to the $TITANX token.