How to list NFT for auction
Auction is a feature on Dagora that helps NFT’s owner sell their items at the highest price. It’s a process of offering bids, taking bids, and then selling NFT to the highest bidder.
Currently, selling NFTs to the lowest bidders is not supported yet
Step 1: On Dagora, access your Profile page and click on the NFT you want to create an auction for.
Check guide to View Collection and NFT list to find the favourite NFT.
Step 2: On the NFT details screen, click the Auction button
Step 3: Fill in the information on the Auction screen then click on the Listing button
Set a Starting Bid price (Price must be greater than 0.0001)
Choose a token that you want to pay with
Input a Maximum Bid price
Choose Duration
Step 4: On the Review Auction Listing page, click Confirm to create an auction and move NFT to blockchain's contract.
Step 5: Once the creation is completed, you will see a notification Your NFT Has Been Listed
Click Continue Listing → You will be directed to your Profile page to continue listing
Click View NFT button → Click to view NFT details
Click View Transaction button to open a new tab to see the transaction history on blockchain
When auction ended, there are some cases that happen as below:
Case
Non-EVM (Sei, Injective)
EVM
The user bids successfully
Dagora automatically transfers NFT item to the winner's wallet after the action ends
Dagora automatically transfers NFT item to the winner's wallet after the action ends
The user bids unsuccessfully
The user will receive the token back to the wallet.
The bid is auto cancelled
User wins but not enough token to pay owner
User's funds will be kept in the contract while bidding, so this case will not happen
System will auto find the next bidder who has enough balance to auto process the Auction.
After the Auction ended and there is no winner
The owner need to click "Cancel Auction" to claim NFT
The owner automatically get the NFT back
Last updated