Trading Functions

Spot

This allows NFT sellers to set up a smart contract to temporarily store the NFT which will be set to "activate" at a specific price point decided by the seller. Potential buyers can then view the listing and if they wish to purchase, they only need to send the corresponding cryptocurrency to the smart contract address used exclusively for our payment gateway, thereby activating the contract to send the NFT to the buyer and the corresponding crypto to the seller.

This option also allows users to delete their listed items (by canceling the smart contract).

Of course, users can perform this entire process with a single “BUY NOW” button on our Marketplace interface.

Auction

This allows NFT sellers to set up a smart contract to temporarily store NFTs, which is set to "Activate" after a certain period - the time the seller decides (assuming the starting price is also met). Potential buyers can then view the listing and if they wish to purchase, they will only need to place a bid in the desired amount of cryptocurrency.

The system will then send the bid cryptocurrency to the smart contract where it will remain while the auction is ongoing. A higher bid will automatically close the smart contracts containing lower bids (meaning they do not win the auction) so that the bidder can receive their cryptocurrency back after the auction ends. After the auction concludes, the smart contract will send the exact NFT to the smart contract corresponding with the highest bidder to activate the contract and send the cryptocurrency to the seller

Make Offer

If an NFT or collection is not being marketed on the marketplace or is listed as a Spot, users can make a purchase offer to the seller using the “Make a Purchase Offer” feature, or in cases where you want to buy an NFT at a lower price than the listed price.

Add to Cart

This allows users to buy or sell a large number of NFTs. Currently, the ASDI platform will allow users to add up to 10 NFTs or a volume under $1000 (this limit will be increased in development phases) to their shopping cart before completing the purchase in just one transaction, which will be very beneficial for investors, NFT collectors, specifically:

• Helps minimize costs associated with gas fees (For large orders, it only costs a few dollars in gas fees instead of buying individually where gas fees can rise high)

• Helps users be more convenient and easily arrange their items reasonably

Here, ASDI provides two payment methods including payment with cryptocurrency and credit/debit cards from reputable third parties in the market like Moonpay... In addition, users can use discount coupons - one of the rewards of exciting community programs, to optimize their costs.