HOW TO MAKE AN AUCTION
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Last Update há um ano
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The most common and familiar type of auction, this method follows in the footsteps of traditional auction mechanics. The seller sets a base price and period of time, the countdown begins, and prospective buyers make bids. When the time limit expires, the NFT goes to the highest bidder. If no bids have been placed the original owner retains the NFT
To create an auction go to your profile, click on the 3 dots at the top right of the NFT and click ''MAKE AN AUCTION''
Now you will have to choose:
- Initial price: the price you would like to start your auction
- Bid Increase Percentage: how much of a percentage the new bid needs to be higher than the old one. There must be a minimum of 100%.
- Auction time period
Then, click on ''MAKE AN AUCTION'' and confirm the transaction with Metamask.
After finish making an auction, your NFT is available on the ''NFT section and countdown begins.
In 24 hours, the NFT on Auction will be accessible on the ''NFT'' section. If no bid is placed after 24 hours, the NFT will return your collection.
After finish making an auction, your NFT is available on the ''NFT section and countdown begins.
In 24 hours, the NFT on Auction will be accessible on the ''NFT'' section. If no bid is placed after 24 hours, the NFT will return your collection.