Secondary Token Markets Secondwap launched its mainnet on Thursday at Ethereum with the aim of providing a more effective market for illiquid assets by eliminating intermediaries and establishing a fair token value in the open market.

Secondswap uses a liquidity route algorithm that optimizes trade execution and minimizes price slip to ensure safe and scalable trade experiences for buyers and sellers.

“By introducing a decentralized order book exchange, we bring transparency to token secondary markets,” said Kanny Lee, founder of Secondwap, in an email to Coindesk.

“Our platform gives the visibility to buy and sell orders, utilize price discovery mechanisms such as market depth and liquidity profiling. Through trouble -free wallet integration, we ensure proof of control for sellers and proof of funds for buyers, which improves security and confidence. “

Secondary markets for locked tokens refer to platforms or mechanisms where tokens that are under some kind of lock-up or vesting plan can be traded before fully released or unlocked.

These markets provide a way for holders of locked tokens to get liquidity, which means they can convert their inventory to cash or other assets before the symbols are fully unlocked – giving sellers early liquidity and the chance to get assets for a discount For buyers.

Secondwap has introduced a bid campaign to facilitate price discovery and improve liquidity in the first weeks, allowing traders to set their own prices and support matching between buyers and sellers when the buy/sell flow feature is activated.

Dealers connect their wallets and gain access to a list of locked tokens that they can express an interest in buying by setting their preferred price targets. Participants are notified when the inventory is available at the applicable prices, which ensures that the early adoptors can engage in new opportunities when they emerge.

The platform plans to expand to the Solana network in the coming months, says a feat, Lee Lee says could lock over $ 500 million in volume.

“Locked token liquidity represents billions of dollars untapped value. The effect of unlocking this liquidity cannot be underestimated. In Solana alone, even activating only 10% of sleeping liquidity, could spray over $ 500 million in action -wing volume, ”Lee said.

“It’s definitely one of the drivers to collaborate with Solana at first. When combined with the influence that Secondswap’s vesting mechanism can offer memcoins – to reduce circulating supply – the Solana partnership will continue to flourish and benefit the wider market. “