Peer-to-peer Trading Guide

Guides

unique.vc

- 31/08/2022

Peer-to-peer Trading

On Unique.vc, clubs are able to trade NFTs in a peer-to-peer way. In order to do so, the club’s founder or manager has to create a trading proposal.

In role-based and NFT-based clubs, a trading proposal can be created if the club has already held a fundraiser – no matter if a new one is in process. In deposit-based clubs, a trading proposal can only be created if no fundraisers are in process as the voting power in this type of a club is determined by one’s contribution to the treasury.

Here’s a step by step guide to help you trade your NFTs in a peer-to-peer way.

Buying NFTs Peer-to-peer

STEP 1: Create a Proposal

If you’re the club’s manager or founder, you will have a ‘create a proposal’ button on the club’s dashboard. Click on it and choose to create a Trading proposal.



STEP 2: NFT to Buy

At this step you will have to decide whether you are buying an NFT from someone, or you are selling an NFT you have in your club’s Vault.

In case you are buying an NFT, you will need to insert the following information:

  • Proposal title and description
  • Link* and the price of the NFT you want to buy
  • External discussion link – if there is one

*To find the link of the NFT you want to buy, you will need to go to Magic Eden or Solscan and copy the Token Address.

You will also be able to see the Max voting time set in the club creation process.

Click on the ‘Create proposal’ button and your proposal will be created and visible on your club’s dashboard.

STEP 3: Copy Trade URL

Once the proposal reaches the required percent of ‘accept’ votes, you will be able to copy the URL of the proposal and send it to the NFT’s owner.


STEP 4: Accept the Trade

Once you send the URL to the owner of the NFT, he or she will need to accept the trade and sell you the NFT.


STEP 5: Proposal Executed

Once the owner of the NFT has accepted the trade, your proposal will be executed and you will see the NFT in your Vault.

Note: If you wish to include your personal NFT holding to the club’s Vault, you need to buy it from yourself as described above. You can set the price at 0 SOL if needed.

Selling NFTs Peer-to-peer

STEP 1: Create a Proposal

If you’re the club’s manager or founder, you will have a ‘create a proposal’ button on the club’s dashboard. Click on it and choose to create a Trading proposal.


STEP 2: NFT to Sell

If you wish to sell a certain NFT your club owns, you will need to:

  • Enter the proposal’s title and description
  • Choose the NFT you wish to sell from the Vault
  • Enter the selling price
  • Provide the buyer’s address (optional)



You will also be able to see the Max voting time set in the club creation process.

Click on the ‘Create proposal’ button and your proposal will be created and visible on your club’s dashboard.

STEP 3: Copy URL

Once the required percentage of the ‘accept’ votes is reached, you will be able to send the URL link to the buyer and he will need to approve it.

Copy the URL and send it to the person who wants to buy it.

STEP 4: Accept the Trade

When you send the URL to the buyer, he or she will need to accept the trade.

STEP 5: Proposal Executed

Once the buyer accepts the trade, the NFT will be removed from the Vault and you will receive your funds.


Congratulations, you have succesfully traded NFTs on Unique.vc platform.

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