How does the Black Market work?
The Black Market enhances the Core utility by providing a platform for liquidated NFTs and more. It hosts tiered auctions and events, catering to different user groups:
Private Auctions - Exclusive to Underground Society NFT holders, these auctions aim to offer NFTs significantly below their floor prices with low minimum bid thresholds.
Public Auctions - Accessible to both Underground Society NFT holders and the general public. Occasionally, the public may need to use the $TALON token to participate in these auctions.
General Events - This tier hosts raffles and various giveaways, creating an engaging and rewarding experience for users.
Users can place bids on a wide range of NFTs available on the Black Market, often at substantial discounts due to the Core protocol's influence. Through the Black Market, UGS Labs avoids NFT dumping on collection floors while providing holders unique access to previously unavailable NFTs, fostering a healthy and dynamic ecosystem.
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