🟧µ-Tokens
Last updated
Last updated
Discover a new way to interact with Inscriptions using μ-Tokens, ERC-20 tokens that represent fractional ownership of an Inscription within a specific collection. For instance, depositing an OMB into the Floor Protocol grants you 1,000,000 µ-Tokens specific to the OMB collection. Each µOMB token embodies a 1/1,000,000 share of an Inscription in the OMB collection, and together, 1,000,000 µOMB tokens equate to the OMB's Floor Price.
Although you cannot exchange Inscriptions between different collections, it's easy to swap specific collection μTokens on Uniswap.
Trading and Liquidity: μ-Tokens enhance the liquidity and flexibility of the Inscription market. These tokens, akin to other cryptocurrencies, can be bought, sold, and traded. Trading μ-Tokens is more cost-effective, avoiding the large spreads and fees typical in Inscription transactions. Whether you aim to monetize part of your Inscription assets or diversify your collection, μ-Tokens provide the necessary fluidity and flexibility.
Features of μ-Tokens:
Collection-Specific: Each μ-Token is linked to a particular Inscription collection, with distinct tokens for each collection (e.g., µOCM tokens differ from µOMB tokens).
Liquidity Access: Convert Inscription holdings from a specific collection into μ-Tokens for instant liquidity.
Trading Flexibility: Trade μ-Tokens freely and take advantage of market trends.
Platform Involvement: Utilize μ-Tokens for various activities and opportunities within the Flooring Protocol ecosystem.
μ-Tokens offer a combination of liquidity, targeted investment options, and enhanced platform functionalities, revolutionizing engagement with Inscriptions.