Drops DROPS

1. Summary

Ranks

Liquidity

-

Developer

-

Social

-

Momentum (beta)

0

Stack Rank™

-

Price

$0.26 +33.4%

Market Cap

$0.00 (#8528)

Supply

0.00 / 10.00M

Tags

Ethereum Ecosystem

More Metrics

Price
52W High price	$1.41
52W High date	13th Apr 2024 (7 months ago)
All Time High (ATH) Date	11th Apr 2024 (7 months ago)
ATH Price	$1.54
% From ATH	-85.02%
All Time Low (ATL) Date	5th Jul 2024 (4 months ago)
ATL Price	$0.20
% From ATL	17.48%

Supply & Trading Volume
Trading Volume (24h)	$33,279.00
Total Supply	10.00M
Max Supply	10.00M

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Description

Drops is a decentralized marketplace that enables users to buy and sell liquidity lock ownerships on a peer-to-peer basis. The platform allows the purchase of these ownerships using either the native token, DROPS, or Ethereum (ETH). The marketplace is designed to facilitate a new form of DeFi investing, where users can buy liquidity lock ownerships...

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Drops is a decentralized marketplace that enables users to buy and sell liquidity lock ownerships on a peer-to-peer basis. The platform allows the purchase of these ownerships using either the native token, DROPS, or Ethereum (ETH). The marketplace is designed to facilitate a new form of DeFi investing, where users can buy liquidity lock ownerships at reduced prices compared to the ETH value of the locked pool, and then wait for the unlock date to claim profits.

Marketplace Features

• Buying Locked Liquidity: Users can purchase liquidity lock ownerships, which involves the transfer of DROPS or ETH to the seller and the transfer of lock ownership from the marketplace's main smart contract to the buyer.
• Selling Locked Liquidity: Users can list their locked liquidity pools for sale, typically at a reduced rate compared to the ETH value, to incentivize purchases and avoid waiting for the liquidity lock to expire.

Use Case Examples

• Buying: A user can buy a liquidity lock ownership at a reduced price, wait for the unlock date, and then withdraw the liquidity to realize a profit. For instance, if a user buys a pool with 5 Ethereum at 100 DROPS (4 Ethereum), they can wait for 6 months and withdraw the liquidity to make 1 Ethereum in profit.
• Selling: A user can list their locked liquidity pool for sale to gain immediate access to funds, which would otherwise remain illiquid. For example, if a user lists their liquidity pool for 100 DROPS (4 Ethereum), they can receive the payment immediately.

Security Protocols

• Decentralized and Secure: Drops prioritizes user safety by implementing security measures that block malicious listings and ensures transparency through open-source and audited smart contracts.
• Reward Mechanisms: Users can earn DROPS through various means, such as staking LP, staking DROPS, or contributing to the marketplace, with rewards distributed using fees associated with platform use.

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