Introducing Starship Liquidity Program (SLP)
Starship Fan Cards have been gaining significant traction lately, leading to increased demand for card exchanges among community members. Today, we are excited to introduce Starship Liquidity Program (SLP) — a game-changing initiative that provides faster access to funds, flexible options, and greater control over your fan cards through active liquidity provision on Dagora. This new approach better suits the unique nature of NFTs while enhancing collectors' experience.
Bringing More Liquidity to Fan Cards
Starship Fan Cards, which operate as NFTs (non-fungible tokens), differ from fungible cryptocurrencies in two key aspects:
- Uniqueness: Each Fan Card is distinct within its collection, featuring varied vesting terms and allocation amounts.
- Illiquidity: Transactions may experience unpredictable delays, leading to longer wait times for our holders.
To address these challenges, we've developed an innovative SLP pricing and bidding model. This model aims to capture the dynamics of individual NFTs in relation to their collection's floor price, providing a more efficient solution for Fan Card transactions.
How It Works
Starship Liquidity Program operates on a dynamic, collection-by-collection and edition-by-edition basis, taking into account several key factors:
- Price fluctuations within different Fan Cards collections/editions;
- Impact of price changes on collections/editions;
- Market volatility;
- Underlying cost of capital.
As these factors evolve, we will provide timely updates on our approach to different Fan Cards collections and edition. Our primary goal is to enhance liquidity for Starship Fan Card holders, ensuring a more robust and flexible market for our community.
We are committed to adapting our strategies to best serve you, Starship Fan Cards holders and maintain a healthy ecosystem. Stay tuned for future announcements as we strive to optimize liquidity and value for all participants.
SA World Fan Card Will Be The First To Applied SLP
- Time: Starting from Monday, 30 December to SA World TGE (TBD by SA World).
- Platform: Dagora NFT Marketplace
- Method: Liquidity will be provided at 150% the $C98 committed amount, of which was previously purchased by primary users on Starship. Hence, Starship Liquidity Program replaces former SAE Starship Insurance Fund (SIF) mechanism.
- Applied Collections: SA World Fan Card - Starship Round; SA World Fan Card - Public Round; SA World Fan Card - Whitelist Round.
Final Remarks
Starship Liquidity Program is designed to safeguard the interests of our Fan Card holders by ensuring sufficient liquidity, while also addressing the unique needs and interests of specific collections.
By implementing this, we aim to address your concerns and reinforce our commitment to creating a robust and reliable as a community-driven token launch platform.