Broker Market

Market actions

buyNext removes the FIFO head from inventory. buySpecific removes the requested token ID from any valid point in the linked inventory queue. sell transfers a user-owned Broker to the tail and pays from the Market reserve.

Why buy a specific Broker?

Every Broker has the same protocol BNBROKERS price, but not necessarily the same portfolio.

A specific account may hold a preferred opening position, accumulated distributions or other assets left by its previous owner. Paying the higher native fee lets the buyer select that exact Broker rather than accepting the next FIFO item.

Native fee

The percentage is applied to the oracle's BNB value for 444,444 BNBROKERS; it is not a percentage of the token amount transferred.

The quote uses a PancakeSwap V3 dual-window design for BNBROKERS/WBNB:

• fast and slow TWAP windows;
• fast-price spike detection;
• configurable price bounds;
• a pool-liquidity floor; and
• a configured fallback quote of 0.044444 BNB per Broker unit.

At the fallback quote, the standard fee is 0.0044444 BNB and the specific-selection fee is 0.0066666 BNB.

Seventy percent of collected BNB is credited to Market Hours and thirty percent to treasury. Overpayment is credited to the sender in the shared native-fee ledger instead of being pushed back during the trade.

Inventory model

Inventory is a doubly linked FIFO queue indexed by token ID. The market tracks:

• head;
• tail;
• inventoryCount; and
• the previous/next links for each listed Broker.

Middle removal preserves FIFO order for every other item. Duplicate listings and unexpected NFT transfers revert.

Liquidated Brokers arrive from Margin Desk and join the same inventory.

Transaction protections

Every public trade includes:

• maxNativeFee for native-fee slippage;
• deadline for transaction expiry;
• reentrancy protection;
• pause enforcement; and
• safe ERC-20 and ERC-721 transfers.

The market is not an order book and does not discover an independent BNBROKERS price for each Broker. It is fixed-price protocol liquidity.