Secondary Marketplace

Luxit´s Secondary Marketplace is where tokenized luxury assets become liquid. In the case of a user wanting to sell some tokens of a specific asset, the process is exactly the same as in traditional secondary markets (Ex: Chrono24) but with remarkable advantages:

• In the secondary marketplace, the user can sell any arbitrary proportion of the asset (as it is tokenized).

• The underlying asset does not need to be physically sold or transported.

• The process is instant as there are no delays due to transport or quality checks.

Who can sell tokens in the secondary market?

Any users who already own tokens and who have successfully registered. Prices in the secondary market will be determined by users exactly the same way as in physical secondary markets (Example: Chrono24)

Who can purchase tokens in the secondary market?

Although STOs available in the Launchpad will typically be better opportunities users can also purchase tokens from another user in the secondary market. Buyers will have to be registered in Luxit´s platform and must have provided valid KYC in order to be whitelisted for token trading

Luxit´s real power is truly represented in its secondary market where free trade and digital immediacy improve drastically the liquidity and ease with which luxury assets are traded.

Having a liquid secondary market will be great for more precise data analysis of the luxury market. As risks are minimized and processes are optimized (as assets can be traded digitally with ease) volume and interactions will increase compared with traditional physical markets.

On some occasions, Luxit will be able to act as a liquidity provider in case of existing low-liquid assets. For example, providing buy-back opportunities on STOs tokens in case a user needs liquidity.