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Guides

How to put an NFT up for auction

PreviousHow to sell an NTF for a fixed price NextHow to approve the Highest bid at the Auction

Last updated 3 years ago

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1. Select the "Sell" section in the left panel of the dashboard and Select the "On Auction"

2. After selecting "On Auction" - click the "Sell Item" button in the upper right corner.

3. Upload files, select NFT from the Collection, select "Auction" sale type, select Minimum bid, threshold price(optional), specify the start date and end date of the auction. In the payment methods, select Metamask and BNB, then specify the wallet to which funds will be credited after the token is sold.

4. Click on the "Sell" button.

5. Recheck the data you provided, and click the "Confirm" button. Then confirm the transaction in Metamask. After processing the transaction, NTF will appear on the "On Auction" page and your Storefront.

Important information about the auction:

- The maximum duration of the auction is 6 days.

- During the auction, users can place bids. If their bet was outbid, then they can withdraw their funds in the "Bids" tab. Or the user can add funds to the previous rate (the user does not make a new rate, but raises the previous one).

- Threshold price is the price that psychologically encourages a potential buyer to purchase NFT. If this price has been reached, the buyer with the highest bid receives the token at the end of the auction. If not, the creator has 24 hours to decide whether to accept the highest bid or not.

1. Select the "Sell" section in the left panel of the dashboard and Select the "On Auction"
2. After selecting "On Auction" - click the "Sell Item" button in the upper right corner.
3. Upload files, select NFT from the Collection, select "Auction" sale type, select Minimum bid, threshold price(optional), specify the start date and end date of the auction. In the payment methods, select Metamask and BNB, then specify the wallet to which funds will be credited after the token is sold.
4. Click on the "Sell" button.
5. Recheck the data you provided, and click the "Confirm" button. Then confirm the transaction in Metamask. After processing the transaction, NTF will appear on the "On Auction" page and your Storefront.
Important information about the auction:
- The maximum duration of the auction is 6 days.
- During the auction, users can place bids. If their bet was outbid, then they can withdraw their funds in the "Bids" tab. Or the user can add funds to the previous rate (the user does not make a new rate, but raises the previous one).
- Threshold price is the price that psychologically encourages a potential buyer to purchase NFT. If this price has been reached, the buyer with the highest bid receives the token at the end of the auction. If not, the creator has 24 hours to decide whether to accept the highest bid or not.