How to create an auction for my NFT?

When you place your NFT on via an auction, your NFT is sent to a decentralised smart-contract. You have the choice to set some options:

  • The date and time of the start of the auction

  • The end date of the auction: when the auction ends, the highest bidder wins, if the minimum price is not reached (reserve price), the owner can recover his NFT

  • Starting price: bids below this price will not be accepted

  • Reserve price: If this price is not reached at the end of the auction, the NFT is not sold.

  • The acceptance price: Once this price is reached, the auction will be automatically concluded, the NFT will be awarded to the buyer and the EGLDs sent to the seller.

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