Why FFF?
It seems that a free-floating coin is better since you can always buy or sell it at the market price. However, there are some disadvantages of this system and many pros of P2P buy/sell offered by Famous Fox Fedetarion token market.
Cons of coin circulation on exchanges (like Raydium, DEXLAB, etc.) and pros of P2P exchange (like FFF):
Large investment in the liquidity pool. To start trading on the exchange, you first need to provide the token with a liquidity pool, which is usually 20% of the total supply. That is, with a maximum supply of $30M $BRICKZ - the liquidity pool is about $600,000, which we could spend to develop the project. Because we have a small number of NFTs and holders, we decided to abandon the liquidity pool and allow holders to trade with each other directly.
Possible speculation. When you have a token with low liquidity on the exchange, it is easy to pump and dump it. In the case of a P2P exchange, there is almost no such possibility.
Strong influence of external factors and panic selling. When the entire crypto market falls, it pulls utility tokens with it, as people sell off all their assets in a panic. This causes the price of the token on the exchange to plummet. In the case of a P2P exchange, the coin remains more stable in such cases, because there is a buyer who is interested in the growth of the coin.
We understand that despite all the advantages of FFF you would feel more comfortable exchanging $BRICKZ on an open exchange. So, this is a temporary solution and as the project develops, $BRICKZ will be listed on the exchanges.
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