Let the trading begin!

posted by
fancraze
on
February 2, 2022
Let the trading begin!

Marketplace Launch Timings

Listing Phase Begins:   Thu, Feb 3 at 12 PM UTC

Trading Begins:             Thu, Feb 3 at 2 PM UTC


The GO LIVE will happen at the previously communicated time of Thu, Feb 3 at 2 PM UTC. There is a change to the start of the listing period though. Based on feedback and inputs from our amazing FanCraze community on Discord, we have shortened the listing phase of the launch from 24 hours to 2 hours. Just sign-in at 12 PM UTC on Thu, Feb 3, list your NFTs, and in a couple of hours you can begin trading.  


Listing Process

  1. Make sure you are logged in and then go to My Profile
  2. Click on the NFTs tab within My Profile 
  3. Once inside the NFTs tab, click on a particular NFT. This will open the NFT details page 
  4. Here you will see the button which says 'Place For Sale'. Clicking on it opens up a modal (i.e. a pop-up)
  5. On this modal: You can enter and confirm the listing price. You will also be able to see what prices other users have listed the various copies of this same NFT at. You will be shown the total sales proceeds that you will receive if this NFT is purchased by another user after the deduction of the marketplace fees
  6. Placing the NFT for sale is an on-chain transaction and typically takes anywhere between 30 seconds to 3 minutes. Please do not click refresh, the transaction may take some time but it should go through 
  7. For every NFT, the minimum listing price is $3
  8. Once you have placed the NFT for sale, you cannot delete the listing for 1 minute. Moreover, you cannot list any other NFT for sale in this 1 minute. This is referred to as the 'cooling down period' and is implemented to ensure that the blockchain is not crowded or spammed thereby ensuring a smooth experience for all users. In times of excessive load, the company can adjust the cooling down period from 1 to 5 minutes
  9. Once the cooling down period has ended, you can list another NFT for sale. If at this point, you wish to change the listing price, you can do so by simply canceling the listing and then re-listing the NFT at the new price

Fees

Our marketplace fee is 7% of the selling price

Buy your first NFTs at fancraze.com


Note: If you have any questions on how to add funds you can read our post here