YEREVAN, Armenia, December 7, 2023 /PRNewswire/ — NFT marketplace Locksonic aims to enable creators to convert their most popular posts on X (formerly Twitter) into tradable NFT collections with built-in liquidity pools. It is the latest addition to the marketplace's ever-growing range of innovative features and projects, designed to provide both developers and merchants with a more engaging experience in the Web3 space than other platforms.
Locksonic plans to take social content monetization to a whole new level by having each X Collection have a self-sustaining liquidity pool managed by the collection's smart contract. Here's how it will work: 90% of each primary sale and 5% of each secondary sale (if any) of an X NFT will be reserved in a liquidity pool by the X Collection smart contract. Each liquidity pool is redeemable and is designed to return 90% of the NFT Mint price to the owner if they sell it back into the collection and not on the secondary market. These X-NFT collections will allow creators to leverage content that has already proven its social value.
Locksonics With the addition of liquidity pools, project creators may feel more motivated to give their projects the promotional attention they deserve. Ultimately, market demand permitting, Locksonic's
Locksonic is the peer-to-peer Web3 marketplace with innovative trading features and X-collections. Visit locksonic.io to learn more.
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