What is PAWNHOUSE?
What is PawnHouse ?
PawnHouse applies a new type of auction(SMRA) structure to the NFT market and provides a collateralized loan marketplace based on NFT at the same time.
How can I stay up-to-date with official PawnHouse news?
PawnHouse has a variety of active channels where you can find more information about the latest PawnHouse announcements, discover helpful resources, and connect with other members of our rapidly growing community. Below is a list of official Chainlink channels. As a security best practice, always double-check the URL that you are visiting to ensure you are accessing official Chainlink properties.
Why do NFT need price discovery?
The largest difference between NonFungible Tokens and Fungible Tokens is the quantity.In a perfect complete competitive market, FTs price discovery comes from the order books system or AMM, and other markets are the receivers of this price.
What is “Common-Values and Private-Values”?
The final transaction price of the auction displays the private-value of a non-standard asset to an individual.However, quotation of its common values is better suited for the true price range of this category of NFT assets.
What is “Price Corridor”?
The active bidding model for a single asset is shown in each scatter point represents a quote, namely, a valid price expectation.The area where quotations gather is known as the “price corridor”.Due to the existence of private values, the final transaction price of the asset may not be in the price corridor, but at the highest price of this transaction.But for market or asset holders, the price corridor is extremely referential for subsequent pricing and the market.In particular, the common values range of assets constructs the price discovery mechanism of NFT assets.