What is Quantix? Quantix is a platform that allows users to segment and trade Blue chip NFTs using a built-in virtual AMM (vAMM) for more affordable pricing. Let’s find out what is special about this project with Weakhand in this article.
What is Quantix?
Overview of Quantix
Quantix is a community-run NFT marketplace. Users can segment and trade these NFT Blue chips using Virtual AMM (vAMM) Built-in for a more reasonable price.
Quantix’s goal is to address liquidity and fair pricing for Blue chip NFTs, which remains a weak point in the NFT market at the present time. Quantix is designed to meet the needs of each user involved in the NFT sharding and trading process. vAMM – an AMM marketplace that allows users to trade sharded NFTs is a core feature that helps Quantix solve this problem.
Quantix’s mechanism of action
Quantix is designed to allow any NFT asset to be traded with greater liquidity. This is done through the following 4 stages:
Set up initial parameters for NFT:
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NFT owners can sell their assets on Quantix by depositing NFTs into the platform. They can do this directly using Quantix’s link with OpenSea.
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Then, the seller will set up some preliminary information such as: Selling price, asset category (Art, Collectibles,…), how many shares of the NFT you want to sell and keep.
For example: Alice wants to sell 1 NFT and set the parameters as follows:
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Price: 1 ETH.
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Asset: a collectible card.
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Alice wants to sell 70% of the NFT shares and keep 30%.
Quantization phase (QP):
This is the stage where the seller divides the NFT into small parts and sells it to the community. The exchange at this stage will be 1:1, i.e. 1 part for 1 wETH or 0.5 parts for 0.5 wETH.
Free market phase: Quantic AMM
This is a platform that trades NFT parts created during the quantization phase, sellers do not need to add any liquidity to trade. Quantix creates a virtual Pool consisting of 2 types of assets: Q-Photon (which is a cryptographic token representing NFT parts) and wETH. Quantix uses RFT bonding curves to determine the price of Q-Photon during trading.
Final stage: Sell assets
The buyer can buy back the entire asset at market price. The sale will take place immediately, without the need for any mechanism or approval. The purchase price is determined by the NFT value determined on the open market, plus platform fees and seller royalties. Quantix will distribute the proceeds proportionally to all stake holders.
What is the Quantix difference?
Quantix creates an exciting market where:
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Sellers can sell their NFTs to multiple people and require no additional liquidity.
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Buyers scale on Blue chip NFTs without cost barriers.
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Traders can buy and sell to make profits.
Core Team
Alessandro Nunziante : Head of Investor Relations
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He graduated with a degree in business administration from London University.
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He has worked at Barclays as Moment Banker since February 2015.
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In July 2020, he moved to work as Business Analyst and Fund Manager at AudaCity Capital.
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He quit his job and moved to Quantix as Head of Investor Relations from January 2023.
Saverio Cianfrone : Founding Member
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He graduated with a major in business administration from the University of Bologna and a master’s degree in management from ESCP business school.
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He has worked in the business development team at Apple since 2007.
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After that, he moved to Crowdmix as Head of Partnerships from December 2014.
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After that, he worked at Koine as Head of Business Development since August 2018.
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In April 2022, he joined Quantix as a Founding Member.
Alessandro Sbenaglia : Founding Member
- He graduated from Salento University.
- He has been a Co-Founder of Visitami since November 2015 and is now a Founding Member at Quantix.
Investor
Update…
Tokenomics
Update…
Quantix Project Information Channel
- Website: https://quantixnft.xyz/
- Twitter: https://twitter.com/quantixnft
- Medium:
summary
Quantix creates a new market where users can trade and shard NFTs. Hopefully through this article, everyone will have interesting knowledge about Quantix.