Binance introduced a new process that lets users have a fair chance of acquiring NFTs through its marketplace.
Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens on their initial launch. Because of the limited supply, and high demand, some NFT drops haveWith this, users who are interested in purchasing newly-released collections have no choice to wait until the initial owners decide to flip the NFTs for some profit, resulting in having to pay more or not being able to acquire any of the NFTs entirely.
Users who want to participate in NFT Subscription Mechanism sales need to follow a process that consists of four phases — preparation, subscription, calculation and distribution. In the preparation phase, users have to hold the minimum amount of tokens required to participate. Binance notes that the minimum entry requirement is determined by the creators or project that will conduct the NFT sale.
The subscription phase comes next. Here, qualified participants will then be given participation tickets which will have purchase limits per user set by the NFT creators. The number of tickets received by a user will be the maximum amount of NFTs that can be purchased. However, users have the option to decide whether to use all or only a few of their tickets. Having more tickets doesn’t mean you will get the NFT. However, it will give you more chances to succeed in your purchase.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Binance NFT: Introducing A Fair & Equal Way To Buy NFTs | Binance BlogOur latest feature update, ‘Subscription Mechanism,’ allows users to buy exclusive NFTs in a fair and equal manner. The Subscription Mechanism feature consists of four phases: Preparation, Subscription, Calculation and Distribution.
Lire la suite »
Shark Tank’s Kevin O’Leary: NFTs Could Become Bigger Than BitcoinApart from being a keen advocate of cryptocurrencies like bitcoin, Kevin O'Leary is also a proponent of non-fungible tokens.
Lire la suite »
ZKSea to Release NFTs with Japanese Luxury and Cosmetic Brand shu uemuraLeading non-fungible token marketplace powered by ZK-proofs, ZKSea, scores a partnership with iconic luxury brand from Japan
Lire la suite »
Why Kevin O'Leary thinks NFTs could become bigger than BitcoinShark Tank’s Mr. Wonderful thinks that NFTs could become larger than Bitcoin — but other experts argue that it's unfair to compare an entire sector to a single asset.
Lire la suite »
Netgear's Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform – Bitcoin NewsNetgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product.
Lire la suite »
Reality Star Who Sells Her Farts in Jars Pivots to Selling Fart NFTsThe 'fartrepreneur' wound up in the hospital with fart-related distress from her high-fiber diet.
Lire la suite »