Selling your Pi-NFT on Aconomy doesn’t always require setting a fixed price. If you’re unsure of your Pi-NFT’s potential value, initiating a timed auction can be an excellent strategy.
An auction allows you to gather bids over a set period and lets the highest bidder claim your Pi-NFT. This guide will walk you through the steps to create a timed auction on Aconomy, including setting a starting price and auction duration.
Steps to Put a Pi-NFT on Auction:
Access Your Profile: Start by visiting your Aconomy profile, where you can manage all your listed Pi-NFTs.
Select the Pi-NFT for Auction: Choose the Pi-NFT you want to auction and click on the "Sell" option. This will open the listing options.
Select "Auction": After selecting "Sell", you'll see various listing options. Choose "Auction" to proceed with the auction setup.
Specify Auction Details: Customize your auction by filling in the following details:
Starting Price: Set the minimum price you’re willing to accept for your Pi-NFT. Bids must meet or exceed this amount to be considered valid.
Duration: Set the duration for the Pi-NFT auction, which will determine the auction’s expiry date.
Start the Auction: After entering all the necessary details, click "List Now". You may be prompted to sign a message to confirm your intent to auction the Pi-NFT.
Conclusion:
Once your timed auction is live, interested bidders can place their bids within the specified timeframe. At the end of the auction, the highest bidder will win the Pi-NFT in exchange for their winning bid. This method allows you to gauge market interest and determine the value of your NFT based on real-time bidding activity.