OneSwap NFT trading market is the leading NFT trading platform on the CSC chain, combining the art world with the innovation of CoinEx decentralized finance, empowering artists, promoting cooperation, and encouraging creative business. Currently, NFT minting, trading, and display have been supported.
1. What is NFT?
Non-Fungible Token(NFT) is a cryptographic token that represents a unique asset. Through verifiable methods, they can prove authenticity and ownership in the blockchain network. Moreover, since NFTs are not interchangeable, they bring scarcity to the digital world.
2. What makes OneSwap NFT special?
2.1 As part of the community, OneSwap NFT supports every creator to receive real-time royalties when their created NFT is sold;
2.2 Currently, the transaction fee charged by the platform is 2% of the transaction amount;
2.3 Anyone can mint NFT that conforms to standard protocols (such as CRC721, CRC1155, etc.) through OneSwap, and these NFTs can be listed for trading without review (buyers can access the NFT through a specific URL, but public display and sales still need to apply for a project whitelist;
2.4 OneSwap NFT is a non-custodial trading platform, which means your NFT is always in your wallet address with higher security, instead of being hosted by OneSwap during the listing or trading.
3. How to buy NFT?
You can buy NFT on OneSwap official website through three types of purchasing methods: Fixed Price, Auction, or Make Offer.
3.1 Buy NFT in Fixed Price
You can buy any NFT single item on its detail page at a fixed price. Click "Buy Now" to start the procession.
After connecting to your wallet, click "Buy Now". If the wallet address has sufficient balance, the wallet will prompt you that there is a transaction to be confirmed. After signing, wait for the system to process (about 3-5s). If the system prompts that the transaction is successful, it means the NFT has been purchased and will be automatically sent to your purchase address. But if the wallet balance is insufficient, the purchase application cannot be submitted. Currently, we only support CET payments.
3.2 Buy NFT in Auction
The auction type currently supported by OneSwap is the British Auction (the highest bidder wins). NFTs in Auction are required to be listed with a Starting Price and Validity Duration.
Click "Place Bid" and enter your expected price(higher than the starting price and must be in WCET) in the pop-up window, the bid will be valid till the end of the auction by default.
After submitting the bidding offer, a confirmation window will pop up. If you are bidding for this NFT collection for the first time, you will be asked to authorize WCET first.
If you've authorized before, after confirming your offer in the pop-up, you need to sign this transaction in your wallet. When the signature is completed, wait for the system to return the successful result, afterward your offer will be valid.
If your offer is the highest when the auction ends, the system will complete the trading with your offer, and then the NFT will be automatically sent to your purchasing address. You can check and manage your offers in Orders - Offer Submitted.
3.3 Buy NFT through Make Offer
Besides Fixed Price and Auction, You can also choose to Make Offer(without price limits) to buy NFT. Go to the NFT detail page, click Make Offer and enter your offer
Click the Submit button, a confirmation window will pop up. If you are making offer for this NFT collection for the first time, you will be asked to authorize WCET first.
If you've authorized before, after confirming your offer in the pop-up, you need to sign this transaction in your wallet. When the signature is completed, wait for the system to return the successful result, afterward your offer will be valid.
If the seller accepts your offer during the validity period, you will successfully buy the NFT and it will be automatically sent to your purchasing address.
You can check and manage your offers in Orders - Offer Submitted.
4. How to sell NFT
4.1 List NFT
After connecting to your wallet, choose the NFT you wish to sell from "My NFTs" and click "List".
Then you will enter a page to fulfill the listing information.
Click the "List" button after fulfilling the listing information. If you are selling the NFT in this collection for the first time, you will be asked to authorize it first.
Submit your listing request when the authorization is completed. Sign the listing transaction in your wallet and wait for the system to return the listing result.
4.2 Accept NFT Offer
To accept offers of your NFT commodities, you need to check it in Orders - "Offers Received".
You can find all bidders' submitted offers on this page, including offers in the auction.
But be noted that offers made in the auction can not be accepted by your side, instead, the system will automatically complete trading with the winner according to the auction rules.
After confirming the price, click "Accept" again and sign the transaction in your wallet.
Wait for the system to prompt that the transaction is successful, which means the offer has been accepted and the trading has been completed. Then the payment will be sent to your wallet address.
5. How to create my own NFT?
5.1 What is Collection?
Collection is a carrier of NFT program. Currently, OneSwap supports CRC721 type collection minting, trading and display. A collection will consist of many NFT single items.
5.2 How to create and manage collections?
After connecting to the wallet, you can check your minted NFT collections in My NFT - My Creation.
Click "Mint Collection" and enter a page to fulfill information about your new collection. Be noted that when creating a new collection, the connected wallet address will be set up as Royalty Returning Address by default. And you can change it by editing the collection details when this collection was created.
Submit your creation, and follow the prompts in the pop-up to confirm and sign the information. After completing all the signatures in the wallet, wait for the system to return the result.
Click the minted collection to check the details.
You can modify the basic collection information by "Edit Collection Details", including the royalty rate and royalty returning address.
5.3 Mint NFT in a collection
Click "Mint NFT" to start the process.
Choose to mint one or multiple at a time according to your needs.
Whether you are minting one or multiple at a time, you need to choose any one of the created collections to put these NFTs in;
If you haven't created any collection yet, click the "Create Default Collection" button and OneSwap will help you quickly create a collection to put these NFTs in.
After selecting of the collection, click the "Mint" button, confirm the information in the pop-up, complete the signature in the wallet after submitting, and wait for the system to return the casting result.
5.4 How to set up or modify royalty?
Only the owner address of the collection has permission to modify the royalty setting. If you are unable to modify it, please confirm that the wallet is unlocked with the correct address.
During the minting process, the royalty of the collection that the platform helps you quickly create is 0% by default. Modifying royalties can be accomplished by editing the collection details.
6. FAQ
As the native token of the CSC Network, CET is used for transaction fee payment in CSC network. Wrapped CET(WCET for short), is the CRC20 version of CET, and 1CET is always equal to 1WCET.
When CET is converted to WCET, it's enabled to complete the interaction of some advanced functions in decentralized applications like OneSwap.
2. Why do some transactions use CET, while others use WCET?
Since CET itself cannot be approved to participate in Place Bid or Make Offer, users need to use WCET to participate in NFT auctions or bidding.
Be noted that in the Fixed Price sale method, if the buyer wants to buy directly at a fixed price, then the pre-authorization of the wallet address is not required, which means that the purchase can be completed directly with CET.
3. What is royalty?
Every time when a creator's NFT is sold in the marketplace, NFT royalty is a percentage of the sale price that returns to the creator as earnings. NFT royalty is permanent and enforced by smart contract. In OneSwap, NFT royalty rate can be set up in an adjustable range of 0-10%.
For NFTs minted on OneSwap, royalty rate of the same collection is fixed, and you can change the royalty rate and returning address by editing the collection details. The royalty returning address by default is the owner address of this collection.
You can check your royalty earning details in Royalty - Payment Record.
Extra note on royalty implement:
The NFT token minted through OneSwap meets the requirement of [eip173] (https://eips.ethereum.org/EIPS/eip-173) and implements the owner method. Therefore, the owner of the contract can independently set the royalty rate that the token should receive, the address for receiving royalty, and the address for subsequent operations.
4. Why is Fixed Price and Auction sale methods, buyers can still make offers?
In Fixed Price and Auction sale methods, besides buying at a fixed price or placing a bid in the auction, we also support buyers to submit their expected price by Make Offer. Offers submitted here are not limited by the increment setting, and its validity period is also set by the buyer.
It is the seller's choice to decide whether to accept the offer. This mechanism will better reflect the market (buyer) price expectation of the NFT.
5. Do I need to import my NFT or Collection into OneSwap?
No, OneSwap will scan the entire CSC network. As long as you have connected the wallet with the address where the collection is stored, you can check all NFT collections you own in My NFT.