Liquidity & Market Inefficiencies

Locked tokens lack a structured secondary market, limiting exit opportunities for both original sellers and buyers looking to resell. Without sufficient liquidity, sellers struggle to find buyers, and buyers face long holding periods with no efficient way to re-enter the market.

• Low competition for lots – Few buyers mean sellers struggle to exit positions and lower prices.

• Limited and cumbersome resale market – Without a structured secondary market, both original sellers and buyers who later want to exit face challenges in reselling their locked tokens

• Synthetic swaps prior to delivery – Unclear enforcement structures create additional risks before token delivery.