Once you have successfully collected or minted an NFT, you are able to have it listed in a reserve auction. Creating a reserve auction can allow for more than one buyer to have the chance to collect your NFT. Once a buyer meets your reserve price, sit back and enjoy the thrilling countdown where the highest bidder wins.
How to create a Reserve Auction:
Select the NFT that you want to list
Click the “List for sale” button: This will display the options available for listing your NFT below the NFT that you want to list
Select The “Reserve Auction” option
Input your reserve price and set your auction duration (between 1 - 10 days). Please note that the auction will only begin once a bid matches the reserve price you have set.
*When choosing your reserve price, it is essential to remember that it is the minimum amount you are willing to accept for selling your NFT*
This will prompt you to confirm with your wallet and require you to pay a gas fee. Once that transaction has been successful, your Auction will be listed.
You can learn more about gas fees here
What happens once my reserve price is met?
Once your reserve price has been met, the 24-hour auction will begin.
If a bid gets placed within 15 minutes of the close of the auction, the countdown will reset back to 15 minutes.
When the auction has ended, you will need to claim your funds out of the auction house contract to have them transferred into your wallet.
Share your listed NFT.
Each NFT has its own direct sharing link. You can use this link to post it to your social media accounts.
Make sure to tag our Twitter and Instagram so we can see and see your NFTs:
Join our Discord and share it with the community there.