> For the complete documentation index, see [llms.txt](https://docs.ascend.win/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ascend.win/marketplace.md).

# Marketplace

Ascend’s built-in **Marketplace** is the central hub for buying, selling, and trading **Hybrid NFTs,** tokenized liquid staking positions that grow in value over time. Each NFT represents a staked position within the Ascend ecosystem, accumulating rewards and providing ongoing yield.

#### **Key Features**

**1. List & Trade NFTs**

* Holders can list their Hybrid NFTs for sale and accept **TitanX** or **Ethereum** as payment.
* Sales directly support Ascend’s token price by avoiding the Ascend/DragonX liquidity pool.
* Buyers gain immediate access to both the NFT’s **base value** and its **accumulated staking rewards** from the moment of purchase.
* Tiers and rarity levels (Common, Rare, Legendary) provide a variety of price points and yield profiles, encouraging a vibrant secondary market.

**2. Power Down (Instant Sell)**

* Instantly convert your NFT back into **Ascend tokens** at its current underlying value.
* Provides **instant liquidity** without needing to wait for auction or buyer interest.
* Useful for traders and stakers who need to unlock funds quickly while still contributing to the token economy.

**3. Dynamic Value NFTs**

* Each NFT is **backed by staked Ascend tokens** **plus accumulated DragonX rewards.**
* Rewards are compounded over time, so holding longer increases value and resale appeal.
* **Reward Bonus Multipliers** based on NFT tier enhance earning potential.

***

#### **Taxes & Their Purpose**

**6% Redemption Tax**

* Triggered when powering down NFTs into Ascend tokens.
* Sent to the **Ascendant Pride** pool, boosting **daily auction ROI** for all participants.
* Encourages holding and trading NFTs instead of redeeming immediately.

**1% Marketplace Tax**

* Applied to every NFT sale.
* Used for **Buy & Burn** of Ascend tokens, reducing supply and applying steady upward pressure on price.

***

#### **Why This Matters**

These mechanisms ensure that NFTs remain **highly liquid staking positions** rather than static collectibles.

* Traders benefit from quick exits and instant liquidity.
* Long-term holders benefit from compounding rewards and deflationary pressure on Ascend’s supply.
* The ecosystem benefits from continuous buybacks, reduced supply, and sustained price support.

***

#### **Benefits for Stakers & Traders**

* **Stakers** can hold their NFTs for yield while retaining the option to sell at any time.
* **Traders** can speculate on price appreciation of the NFT’s underlying assets and rewards.
* **Buyers** instantly acquire both the capital and yield stream without needing to stake themselves.