As of right now, April 9, 2021, you possibly can commerce any token created with the RUN protocol on the RelayX decentralized trade (REX).
“Beginning at 12:00 pm UTC on ninth April 2021, all RelayX customers can commerce any token simply by pasting the token contract deal with onto the tip of RelayX.com/market/[contract address here],” mentioned RelayX in its official announcement.
RelayX additionally introduced that the REX would start promoting ticker symbols starting at 12:00 pm UTC on ninth April 2021.
“Sale costs start at 10 BSV per ticker plus a ten% payment which is able to go fully to REX1 Bitcoin backing pockets,” mentioned RelayX within the announcement.
“For any unsold ticker symbols, costs will drop to 9 BSV + 10% payment per ticker image on Wednesday 14th April at 12:00 PM UTC or earlier. That is just like a Dutch Public sale. The value drops once more each 24 hours, to eight BSV, 7 BSV, 6 BSV, and so on. till every ticker is priced at 1 BSV. Additional worth drops will probably be by 0.1 BSV increments….Ticker image gross sales afterwards on the secondary market will incur a 3% payment the place 50% goes to the REX1 deal with.”
REX1 is the loyalty reward coin that will get distributed to REX customers; REX1 is backed by BSV and sooner or later will probably be redeemable for BSV.
Ticker image vs. contract deal with
The REX supplies many advantages to tokens which have a ticker image against tokens that solely have a token deal with. While you personal a ticker image, it’s simpler for market members to search out your token. As a substitute of requesting the contract deal with the place the token trades after which bookmarking it as a result of it can probably be unimaginable to recollect your contract deal with off the highest of your head, a market participant can merely kind in your three-letter ticker image and arrive on the market to your token (i.e. RelayX.com/market/).
As well as, tokens tied to a ticker image have an accompanying buying and selling payment of 0.3% payment whereas contract linked tokens with no ticker image have a buying and selling payment of 1%. Contracts tied to a ticker image additionally seem on the entrance web page of the RelayX market whereas contract address-only tokens have to be looked for in your net browser’s deal with bar.
What else can I do with a ticker image?
Ticker symbols are NFTs in themselves, no two people can have the identical ticker image. Past tying a ticker image to a RUN token contract to permit it to commerce below the image at a lowered buying and selling payment, people can promote the ticker symbols they personal in addition to reward them to others.
Fascinated by buying a ticker image? You could find the entire ticker symbols which might be at present on the market by heading over to https://relayx.com/market/TIC.
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