⚖️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.

PreviousASCEND Staking (Hybrid NFTs)NextAudits & Contracts

Last updated