Floor price is defined as the lowest price that can be paid for any good or service. The floor price is the least functional price within any traditional supply and demand model. Any price that is below the process price doesn’t result in an appropriate increase in demand. The floor price for any good and service are subjected to regulation and results that allow to set up the minimum price requirement.
Subscribe to our Newsletter
Get the best updates from the Web3 ecosystem & The Dapp List in your inbox every week 👇