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Summary of MEZZ Token
- MEZZ Token is the utility token of The MEZZ Platform, a DeFi platform.
- The platform enables users to engage in acquisition and liquidation of NFTs and other crypto assets through bidding-backed collateral extension.
- The name “Mezz” is inspired by mezzanine finance, used in traditional finance for mergers and acquisitions.
- The MEZZ platform allows for the acquisition of NFTs or crypto assets, with an undercollateralized buyer being supported by the mezzanine financier to complete an acquisition.
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Introducing MEZZ Token: Empowering a New Era of Innovation
The MEZZ Token serves as the utility token for The MEZZ Platform, a decentralized finance (DeFi) ecosystem that facilitates the acquisition and liquidation of non-fungible tokens (NFTs) and other crypto assets through a novel bidding-backed collateral extension mechanism. The moniker “Mezz” draws inspiration from mezzanine finance, a concept traditionally employed in mergers and acquisitions. In a similar vein, the MEZZ platform enables the acquisition of NFTs or other crypto assets, akin to a target acquisition, where an undercollateralized buyer receives support from the mezzanine financier to complete the acquisition.