Make an offer - learn more

Created by WazirX NFT, Modified on Fri, 22 Jul 2022 at 03:23 AM by Imran Khan


We at WazirX NFT Marketplace are always finding seamless ways to simplify your experience. Our new "Make an Offer" feature lets you offer a particular amount more/less than the fixed price. This feature allows collectors to pay more for the NFT they think is of value. On the other hand, it also allows both the creator and collector to come to a mutually agreeable price for an NFT.

 

Why do you need WBNB to make an offer?


To ease the user experience and reduce spam offers on the NFTs, we have introduced a new flow to the 'Make an offer' feature using only WBNB(Wrapped BNB). Since there is a gas fee involved, collectors should now be careful before making any fraudulent offers. This measure will restore the credibility to the owner of the NFT by settling up at a mutually agreeable price.

 

Steps to Convert BNB to WBNB

Step 1: Select the NFT for which you wish to make an offer

 
Step 2: Click on the Make Offer button.
 
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 Step 3: Click on Convert BNB Button
 

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Step 4: Enter the conversion values and click on the Convert button

 

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Step 5: Confirm the Metamask and wait for the process to complete. You will see the below popups.
 

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Step 6: Click on close and continue with the Make offer flow using the WBNB

 

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How to make an offer using WBNB?


  • Go to the NFT page.
  • Click on Make an Offer.
  • Click on the convert button to wrap your BNB.
  • Approve the gas fee request in your wallet and verify the conversation.
  • Enter the amount you wish to offer.

 

Note :

  • 1 WBNB is equivalent to 1 BNB. Please wrap and unwrap a small amount of BNB before wrapping a considerable amount.
  • You will be charged a small gas fee for the conversion.

  
Note :

  • As a condition of making an offer on an NFT, the person making the offer must maintain a minimum WBNB of the same amount they offered for the NFT.


  • Upon receiving an offer on the NFT, the creator receives a notification and can either accept or reject it. Once the offer is accepted, the collector cannot withdraw the offer.


  • If another offer is accepted without cancelling the existing one, the previous offer stands cancelled.


  • The offer stays in history even if the NFT has sold.


  • To list an NFT the creator can either put the NFT for sale, Auction or accept an offer made by a collector. The listing of an NFT in our marketplace will now only require approval from the user. Therefore your NFT will not be escrowed.

 

If you have suggestions for features that will benefit the community, reach out to us on Discord, Instagram, Twitter, or Linkedin – we’re always up for hearing ideas on how we can improve the platform!


 

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