Unique Directory — a marketplace with provably unique ETH-backed NFT collectibles, where you can liquidate if there are no buyers. This is possible because members get a UNQ platform token, not your payment.
Contents:
About the Unique Directory project
Unique Directory helps to provide a robust and meaningful NFT platform. Developers believe that high liquidity helps to ensure the sustainability of the NFT market, and quality and uniqueness help to achieve value.
Each Uniquette has a history and valuable, high quality art that rightfully belongs to the owner. Every Uniquette in the ecosystem is collateralized, which means that even if there is no buyer and the current owner needs liquidity, they can immediately liquidate their Uniquette and get paid in ETH.
To achieve high liquidity, various dynamics are incorporated into the protocol:
| 1 | When an author submits a Uniquette and it is sold, they will be paid the newly minted UNQ tokens. On the other hand, the ETH, paid by the buyer, will go the Vault smart contract as a collateral. |
| 2 | Current owners can only sell their Uniquette for up to 10% of their last purchase price, or 10% higher than the uniqueness collateral. |
| 3 | If the owner wishes to sell their Uniquette at a higher price, they must increase the collateral by sending ETH to the Vault. |
UNQ token buyback and burn fee are charged for each sale. The sale transaction fee goes automatically to the treasury smart contract. Management can redeem UNQ from the market, using the collected commissions, and burn it at any time.
Additional information
There is an introductory document on the site. It contains the rules for using the site. Also, LitePaper is available.
To follow the news, subscribe to social networks:
- twitter;
- telegram;
- discord.