Liquid MarketPlace allows our users to own and trade fractionalized ownership interests or “Portions” of rare physical collectibles, digitally. The digital portion of the collectibles are backed by the actual physical collectibles themselves. Liquid MarketPlace provides multiple users with the ability to buy and partially own the collectible instead of just one person owning the entire collectible. The physical collectibles will be held in a secure third-party vault in the name of a wholly-owned subsidiary of Liquid MarketPlace, which will act as the custodian.
Stage 1: Evaluation
The collector sends their item to Liquid MarketPlace. We only accept collectibles that have already been properly authenticated by a trusted grading service and have a clear history of ownership. Additional evaluation is conducted to guarantee its authenticity and to determine its value. The collectible is then stored in a secured vault.
Stage 2: Tokenization
Once the collectible is verified, it's split up into ERC-20 tokens. Each token is a digital representation of a portion of that collectible. Each token is worth $0.10 USD, and the number of tokens is equal to the value of that collectible.
Once the collectible is tokenized, it's placed on the ‘Offerings’ page and Liquid MarketPlace users can buy those tokens. This is on a first-come, first-serve process.
Stage 3: Marketplace
Once the offering is sold out, the collectible is moved to our secondary marketplace where the users who missed out on the offering can buy tokens and existing token holders can trade their fractional ownership with fellow Liquid MarketPlace users.