To improve the flexibility of NFT asset transactions, Gate NFT allows NFT works to be traded in different forms. For example, users can submit an offer for the NFT assets they are interested in.
Step 1: Go to the NFT homepage and click on the “Marketplace“ or “Start Exploring” button.
Step 2: Click on the “Filter” button, and select the “For Sale”, “Unlisted” or “Upcoming Sale” button to find products that are open for bid in the Gate NFT market.
Step 3: On the NFT asset details page, click on the “Offer” button.
Step 4: Enter the offer amount in the pop-up quotation window, choose the payment currency, select the offer validity period, and click on “Offer confirmation”. A notice will pop up if the offer is successfully submitted.
- Payment currency: select the payment currency from the drop-down list for the offer you submit for the NFT.
- Validity period: The validity period for your offer can be set as 3 days, 7 days, or 30 days, or you can customize a validity period. If the asset owner does not accept the offer before the expiration date of the validity term, the offer will automatically be canceled and the locked fund will be automatically returned to your spot account. Offer can be canceled at any time before the expiration date and any canceled offer will automatically become invalid. Please note:
- If your offer is accepted by the asset owner before the expiration date, the deal will be automatically executed;
- If the asset owner does not accept your offer before the expiration date, the offer will automatically become invalid upon expiration, and the locked funds will be automatically returned to your spot account;
- The offer can be canceled before it is accepted by the asset holder, by clicking the “Cancel” button corresponding to the offer. A cancellation notice will pop up if your offer is successfully canceled.
Step 5: After the owner accepts the offer, you can enter the My Assets page to view the NFT you hold. Congratulations, you have become the owner of the NFT.
Risks Warnings
- Gate NFT only provides the platform for minting, trading, and storage of NFTs, while it cannot decide on issues like the copyright, quality, physical object, implied value, etc. of the NFTs. Users need to decide by themselves whether to trade.
- The NFT transaction takes place at a low frequency. After being minted and listed, it may take some time for the NFT to sell out. Transactions cannot be undone once completed, so sellers must be very careful when setting the product’s price.
- NFT is a kind of blockchain digital asset, loss of which may cause incalculable losses to investors due to its scarcity. So investors should properly keep private keys, wallets, and so on to ensure asset safety.
- The platform currently only supports some external mainstream platforms, and the receiving address used is not the spot wallet address. Please check the deposit address and supported contracts when performing the deposit, because you may be unable to retrieve the assets if they are wrongly deposited.
- The platform supports uploading content first before minting; the content information cannot be changed once the work is completed.
- Gate NFT supports the issuance of multiple copies of the work. Investors need to confirm the quantity before trading to avoid inaccurate valuation.
- For the works displayed or sold on Gate NFT, we do not guarantee there are no copies thereof on other platforms or public chains either at present or in the future. Users need to verify by themselves before trading.
