🛍️NFT Marketplace
NFT Trading Market Introduction
The Babbu NFT Market is divided into two sectors, one is trading and the other is auction. The trading market is where NFT holders offer prices to allow other players to make purchases, while Babbu's NFT Auction Market is more interesting, with each bidder requiring a fixed 10% higher bid than the previous bidder, and even if bidders don’t win the NFT eventually, they will receive 20% of the next bidder's premium as a reward
Auction Rules:
When the countdown is less than 1 hour, after each bid, the countdown will increase by 10 minutes, and the maximum can be increased to 1 hour;
The bid will be increased by a fixed price of 10% each time. After the countdown ends, the auction item will be obtained by the last bidder;
20% of the price increase is obtained by the previous bidder, and 80% is the income of the auction publisher.
After the auction is successful, the platform will charge 3% of the publisher's profits as a service fee. Among them, 50% will be exchanged for $BABBU and burned in Black Hole; 40% will be added to the Babbu NFT farming pool, and 10% will be sent to the developer.
After the auction is over, the auction publisher can receive the profit obtained from the auction NFT, or receive the NFT in the case of unsuccessful auctions. Note: After the bidder receives the NFT, the auction publisher automatically receives the proceeds.
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