Marketplace Version 3

Fee

Trading fee: The trading fee for each successfully sold NFT on market, which is set by admin to contribute to system stability and the development of new features, is 3% by default.
Creator fee: The fees that may occur depend on the collection owner, and the fee rates can vary depending on the creator's purpose and direction. By default, it starts at 0%.

Fixed Price

Note: Applies to NFT ERC-721 and NFT ERC-1155

Fixed Price is a standard price that allows you to buy or sell NFT items instantly at a set price:
- Seller: sell items at the price they want
  Example: Set the price of your item to $50 and sell it for $50. Market-free settlement fees and royalties are the total revenue you receive
- Buyer: buy items immediately without waiting. It's the fastest, most convenient way to shop.
Sellers create orders quickly without signing through the wallet -> reduce transaction fees for seller
For NFT ERC-1155, a Quantity field appear for seller to adjust amount of NFTs they want to sell
For NFT ERC-1155, buyer can choose Quantity to buy and make normal transactions.

Time Auction

Note: Applies to NFT ERC-721

An auction is a sale in which buyers compete to acquire an NFT property by setting a favorable price. The auction starts with a trigger point and everyone has a set amount of time to bid. The highest/last bidder will buy your NFT in that time period:
- Seller: Choose the starting price, the highest price, and the auction end time
- Buyers will participate in the bidding based on the following criteria:
  - The first-time buyer's bid price must be equal to or greater than the reserve price.
  - The minimum step price will be set by admin for buyers to bid
  - The current highest bidder will keep the coins in contract, previous bidders will be refunded immediately
  - At the end of time, NFT bidding will be completed by anyone following the NFT and forwarded to the winning buyer.
During the auction period, buyer can buy now when NFT value matches the need.

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Last updated 1 year ago

Fee

Trading fee: The trading fee for each successfully sold NFT on market, which is set by admin to contribute to system stability and the development of new features, is 3% by default.

Creator fee: The fees that may occur depend on the collection owner, and the fee rates can vary depending on the creator's purpose and direction. By default, it starts at 0%.

Fixed Price

Note: Applies to NFT ERC-721 and NFT ERC-1155

Fixed Price is a standard price that allows you to buy or sell NFT items instantly at a set price:

Seller: sell items at the price they want
Example: Set the price of your item to $50 and sell it for $50. Market-free settlement fees and royalties are the total revenue you receive
Buyer: buy items immediately without waiting. It's the fastest, most convenient way to shop.

Sellers create orders quickly without signing through the wallet -> reduce transaction fees for seller

For NFT ERC-1155, a Quantity field appear for seller to adjust amount of NFTs they want to sell

For NFT ERC-1155, buyer can choose Quantity to buy and make normal transactions.

Time Auction

Note: Applies to NFT ERC-721

An auction is a sale in which buyers compete to acquire an NFT property by setting a favorable price. The auction starts with a trigger point and everyone has a set amount of time to bid. The highest/last bidder will buy your NFT in that time period:

Seller: Choose the starting price, the highest price, and the auction end time
Buyers will participate in the bidding based on the following criteria:
- The first-time buyer's bid price must be equal to or greater than the reserve price.
- The minimum step price will be set by admin for buyers to bid
- The current highest bidder will keep the coins in contract, previous bidders will be refunded immediately
- At the end of time, NFT bidding will be completed by anyone following the NFT and forwarded to the winning buyer.

During the auction period, buyer can buy now when NFT value matches the need.