<h2>Intro
<p dir="auto">A market is composed of "price takers" and "market makers". Currently there is no possibility to build a true market for cards because you cannot place buy orders natively (only in peakmonsters 3rd party service yet you need to grant "purchase_permission".).
<h3>Basically, the goal is to make card markets more liquid.
<p dir="auto">How? By converting NFTs to tokens. (the reverse process should be integrated as well).
<p dir="auto">The premise is <strong>"all level-1 Zaku cards are fungible" (change Zaku for any other card).
<p dir="auto">The smart contract would tokenise <code>level-1 cards so that they can be traded in bulk with order books on hive-engine.
<h3>Benefits over bidding system in peakmonster
<ul>
<li>Permissionless
<li>More traders. Higher volumes.
<li>Native implementation. Orders will be visible directly in the hive-engine sidechain.
<li>More appropriate UI with candle and deph charts for traders
<li>Possibility to trade cards at 0% fee (the 5% fee only applies when exchanging a card in NFT format. Once the NFT is converted to a token, can be traded at zero cost)
<h4>TLDR
<p dir="auto">I would like to ask permission to build a new smart contract for hive-engine.
<p dir="auto"><span>Opinions are welcome. Do not forget to vote <a href="https://feedback.splinterlands.com/346" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">https://feedback.splinterlands.com/346
<p dir="auto">Thanks in advance