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      • Release 29.09.2023
      • Release 15.09.2023
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On this page
  1. metapro market
  2. Side panel
  3. Sell NFT
  4. Auction (Bidding)

How to buy on Auction

PreviousHow to setup AuctionNextAll NFT assets

Last updated 6 months ago

Step 1

Visit and click Login

Step 2

Connect with one of available wallet providers.

We recommend using our metapro wallet.

Step 3

Step 4

Step 5

Step 6

Select Auction in which you want to participate

Please take note of the various auction statuses for the Auction option (Incoming, Active and Ended)

Step 7

Select Make a bid to participate in this Auction

Make a bid button will only be available on Active Auctions

Step 8

Enter the amount of NFT tokens you would like to purchase in this Auction, price for your bid and click Confirm.

Step 9

Sign Transaction on your wallet.

Congratulation! You have successfully made a bid

Step 10

Finalize after sale

Auction finalize function is used for the finalization of an NFT auction initiated by the creator. This function is called after a specified time has elapsed or after all NFTs have been sold.

If the Auction sale finalize function is successful, it means that the auction has been completed, the funds have been transferred to the operator's account, and the NFTs have been assigned to the buyers addresses.

In case of failure, the NFTs will be returned to the operator's contract.

Step 11

Auction Finalize by Depositor

Finalize it to ensure a smooth transaction. This can easily be done on the Marketplace tab of your account. Finalizing an auction involves confirming the sale and sending payment.

Step 12

Select the arrow icon

Step 13

Step 14

Step 15

Confirm Finalize auction

You must finalize the Auction, whether it ended successfully or not.

Finalization successfully ended auction will cause actions described in below table.

Finalization unsuccessfully ended auction will cause return of all BUSD deposited from INS contract to depositor.

Tokens that you purchased during the Auction will be sent to you

will be sent to the referrers

Step 13

Sign Transaction on your wallet

Congratulations! You have successfully finalized the auction

Finalizing an auction is an important step in the transaction process, ensuring that both the buyer and seller have fulfilled their obligations and the transaction is complete. By finalizing the auction on NFT, the seller is indicating that the item has been successfully sold and the buyer now owns the digital asset.

If you are login for the first time please or if you already have your account with us please

Select

Select

The main purpose of this function is to calculate and settle payments for the sold NFTs. Within the function, the funds for the sold NFTs are transferred to the auction operator's account. It should be noted that, according to the auction rules, a portion of the payment may be reserved for the NFT creator (in the form of ), for the fund created by the operator (treasury), or in the form of a commission for the auction partner ().

Access your

Select from your profile > Sale auctions and click Finalize

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