Buy & Sell Juice
Juice (access key) Trading Formula
With JuicyFi, every creator can issue their "Juice (access key)," allowing fans to acquire Juices to access exclusive content by using ETH on Layer 2 chains. The price of Juice fluctuates based on a predetermined formula - buying drives the price up, while selling drives it down. The ETH used for buying Juice forms a liquidity pool, facilitating easy position settlements for users.
The Juice price formula will be as follows:
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Buy Price = n^2 /80000
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Sell Price =(n-1)^2/80000
Where “n” is the total outstanding supply and 80000 is the scale factor or constant selected by the JuicyFi economic model.
How to Buy & Sell Juice?
Go to the creator's page from whom you want to buy or sell Juice.
Click on "Buy Juice."
Choose "Buy a Juice" / "Sell a Juice."
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Complete Purchase / Sell.
Submit and Transaction completed!
If you're buying Juice, it will be transferred to your JuicyFi wallet; if you're selling Juice, ETH will be deposited into your cryptocurrency wallet.
Note. You can buy more than one Juice from the same user account but you can only buy / sell one Juice in each transaction.
How to Buy & Sell Juice?
Go to the creator's page from whom you want to buy or sell Juice.
Click on "Buy Juice."
Choose "Buy a Juice" / "Sell a Juice."
Complete purchase/Sell
Submit and Transaction completed!
If you're buying Juice, it will be transferred to your JuicyFi wallet.if you're selling Juice, ETH will be deposited into your crypto wallet.
Note. You can buy more than one Juice from the same user account but you can only buy / sell one Juice in each transaction.
Transaction Fee
You can buy / sell Juice through the JuicyFi platform and the transaction will charge a 10% transaction fee.
The breakdown will be as follows:
