In the last few days we’ve seen KuCoin & MEXC tokenize $ENS digits
- KuCoin did 4 digits w/the help of @FractonProtocol
- MEXC mostly did 4 digits with some 5 digits
- In mid July @OnRallyRd crowd sold 105.eth imo 3 digits next
Why Fractionalize?
- When an asset is too expensive to buy alone
- Investment firms fractionalize Real Estate (REITs)
- Companies are fractionalized (shares of stock)
- Even sports teams often fractionalized
- Within ENS what’s too expensive for most investors?
Liquidity
- In order to fractionalize, the structure will want to know there is liquidity
- 8,200 ETH of 3 digits have been traded
- 300 ETH of buying could be done at an average price of ~30 ETH, 11% above the floor price
- 300 ETH of buying in 4ds would move floor price up 25%
By 008