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  • 💎 Example:
  • 💎 Crypto Offer:
  • 💎 NFT Offer:
  • 💎 NFT + Crypto Offer:
  1. Financial Model
  2. Fees

Trade

Users other than the Listing Owner can send NFTs and crypto trade offers in one of the following ways:

Crypto here = fungible blockchain-stored tokens (coins (BNB, NEAR), stablecoins (USDT), project-specific ERC20 and similar tokens)

  • Crypto

  • NFT (unlimited)

  • Crypto + NFT (unlimited)

Users can cancel offers they sent anytime if not already accepted. OctoGamex charges no cancellation fees.

Only the Listing Owner can accept offers.

💎 Example:

  • Flat Marketplace Fee is 2.5%

  • Collection Fee is 2%

  • Flat NFT Trade Fee is 0.001 BNB (regardless of the number of NFTs in the offer)

  • BNB is used for the sake of example - any supported token can be in its place

💎 Crypto Offer:

  • User offers 0.03 BNB

  • If the Listing Owner accepts it, they get 0.03 BNB less 4,5% (Flat Marketplace Fee + Collection Fee) = 0.0265 BNB

  • Total Fee is 0.0035 BNB

💎 NFT Offer:

  • The User offers NFT 1 (Collection A) and NFT 2 (Collection B) + Flat NFT Trade Fee = 0.001 BNB

  • If the transaction is successful, the Offerer is charged the fee

  • If the User cancels the offer, the charged fee is refunded

  • If the Listing Owner accepts the offer, they get NFT 1 (Collection A) and NFT 2 (Collection B)

  • Total Fee is 0.001 BNB

💎 NFT + Crypto Offer:

  • The User offers an NFT (Collection A) and 0.2 BNB + Flat NFT Trade Fee = 0.001 BNB

  • If the transaction is successful, the Offerer is charged the fee

  • If the User cancels the offer, the charged fee is refunded

  • If the Listing Owner accepts the offer, they get the NFT (Collection A) and 0.2 BNB less 4,5% (Flat Marketplace Fee + Collection Fee) = 0.191 BNB

  • Total Fee is 0.001 BNB + 0.009 BNB = 0.01

PreviousAuctionNextCore Team

Last updated 2 years ago

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