Lyzis
  • 🔸Welcome to Lyzis Documentation
    • Getting Started
  • Basics
    • Introduction
    • Lyzis Marketplace
    • Lyzis (LZS)
    • Roadmap
    • Ressources & Useful Links
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  1. Basics

Lyzis Marketplace

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Last updated 1 month ago

Overview

Lyzis Marketplace is a decentralized platform for trading real-world luxury assets, including timepieces, collectibles, and more.

Features :

  • Secure Escrow Transactions: Tamper-proof records with no middleman.

  • AI-Powered Authentication: Verify asset authenticity in real-time.

  • Low Fees: Enjoy reduced transaction costs using blockchain.

  • Streamlined Workflow: Get rid of vaults, consigments & unnecessary delays.

  • Simplified User Experience: Seamless trading experience where users don't need to know the platform is blockchain-based.

  • Subscription Model: Premium features for buyers and sellers to enhance their experience.

  • Real-Time Pricing: Get accurate market valuations instantly.

  • On/Off-Chain Ramping: Easy conversion between crypto and fiat currencies with high transaction volume support.

How It Works

The process of trading on Lyzis Marketplace can be summarized in three simple steps:

1

List Your Asset - Upload details, provide verification, and set a price.

  • Seller Submission: Sellers submit high-quality images of their timepiece on the platform for third-party AI-powered authentication.

  • Authentication Results:

    • If the watch is deemed counterfeit, the transaction is terminated.

    • If the watch is authenticated as genuine, it is listed on the marketplace and visible to potential buyers.

2

NFT Issuance and Listing:

NFT Generation: An NFT is generated for the authenticated watch, containing key details such as:

  • ID, Name, Image URL, Serial Number (ID).

  • This NFT acts as a digital certificate of authenticity and tracks the ownership of the watch.

3

Transactions & Escrow:

  • Agreement on Terms: Both the seller and buyer agree on the shipping terms. The buyer deposits the payment (asset value) into a secure smart contract escrow.

  • Resolution Scenarios:

    • If Issues Arise: In cases like shipment delays or items not matching the description, the transaction is either canceled with a refund or escalated to a decentralized dispute resolution tribunal.

    • Successful Transaction: Upon timely delivery and validation by the buyer, the NFT is transferred to the buyer, and the transaction is completed.

This streamlined approach allows users to trade RWAs confidently, knowing their transactions are secure and authentic.

Key Benefits

  • Enhanced Trust: Blockchain ensures transparency, while AI authentication eliminates the risk of counterfeiting.

  • Efficiency: The process minimizes delays typically associated with traditional consignment and vault-based trading.

  • User-Friendly: The platform is designed for ease of use, with no technical knowledge of blockchain required.

Discover a transparent and efficient way to trade luxury items on-chain.

Join the marketplace waiting list here.

Watch our marketplace demo video here : [⚠ Coming Soon]

Official escrow smart contract address : [⚠ Coming Soon]

Let’s move on to the next section to explore the role of the LZS Token in the Lyzis ecosystem.

  • Overview
  • How It Works
  • Key Benefits
Visual Workflow: Step-by-step overview of the trading process on Lyzis Marketplace.
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