NFT Traden & Auction

YooShi’s goal is to build the best decentralized NFT trading and auction market on Binance Smart Chain.

YooShi NFT Auction Marketplace Rules Introduction

YooShi NFT auction function is unique and interesting. When an auction work is released, each new bid must be a 10% premium over the previous bid, of which 2% is obtained by the previous bidder and 8% is obtained by the auction publisher. This means that as long as you participate in the auction, either you will get the auction item or you will get the income, and no one will return empty-handed in the YooShi NFT auction market.

For example:

Mr. Y releases YooShi Gangnam Style NFT on YooShi NFT Marketplace with an initial auction price as 100 $BNB.

Alice makes the first bid, and Alice’s bidding price is the initial auction price 100 $BNB.

Bob makes the second bid. Bob’s bidding price should be 10% higher than the previous bid, so Bob’s bidding price is: 100 + 100*10% = 110 $BNB

As a result, Alice will get 20% from the premium price, that is 100*10%*20% = 2$BNB

Mr. Y will get 80% from the premium price, that is 100*10%*80% = 8$BNB

At the same time, Alice’s bidding price will be refunded completely.

If the situation happens that no one continues to bid till the end of the auction, the asset transfer situation among Mr. Y, Alice and Bob is as follows:

Bob: Pay 110 $BNB and get YooShi Gangnam Style NFT from Mr. Y;

Alice: Get 2 $BNB;

Mr. Y: Give Bob YooShi GangnamStyle NFT and get 108$BNB.

In addition, YooShi NFT Market will charge Mr. Y 3% as service fee which is:

108 * 3% = 3.24 $BNB

Therefore, Mr. Y finally gets 104.76 $BNB(108 $BNB-3.24 $BNB) from YooShi GangnamStyle NFT auction.

The service fee charged by YooShi NFT Market will be swapped to $YOOSHI on PancakeSwap and redistributed as follows:

50% will be sent to black hole address to be burned;

40% will be injected into YooShi NFT Farming Pool ;

10% is owned by the developer.

With the development of YooShi NFT auction market, more and more users join to participate in bidding and bots appear. To restrain bots on auction market, the platform charges 20% from bidding commission as service fee, 40% of which will go to NFT mining pool, 50% of which will be swapped into $YOOSHI and burned, 10% of which will be sent to dev for platform development.

Trade NFTs on YooShi

If You Are A Seller

Step 1 Open and Get in “Market”

Step 2 Click “Connect Wallet” in the upper right corner

Step 3 Click “My NFT” and choose the NFT you want to sell

Step 4 Input your selling price and Click “Sell”

Your NFT will be on YooShi NFT trading market. 3% of the selling price will be charged as service fee after deal made among which 50% burned in Black Hole, 40% injected in NFT Farming pool and 10% to the dev.

If You Are A Buyer

Step 1 Open and Get in “Market”

Step 2 Click “Connect Wallet” in the upper right corner

Step 3 Pick the NFT you want to buy

Step 4 Click “Buy”

Step 5 If you are a newcomer to trading market, you need to “Approve” firstly and pay gas fee.

Step 6 Pay in $YOOSHI or $BNB and get your NFT

Participate in Auction on YooShi NFT Market

If You Are A Seller

Step 1 Open and connect your wallet

Step 2 Click “My NFT” in the upper right corner and select the NFT you want to auction and click “Auction”

Step 3 Set “Start Price” and Auction time

Step 4 Click “Confirm Publish”

Now, your NFT is available on YooShi NFT Market for auction.

Your NFT will be sold if bids are given before the end of bidding countdown. Then you can “Claim” to get payment for your NFT.

Notes: The last person’s bidding price is not your profit. All participants who give bid during auction will share 20% of the final transaction price. In addition, the platform will charge 3% as handling fee.

If You Are A Buyer

Step 1 Open and connect your wallet

Step 2 Click “NFT Market” to enter YooShi NFT Market

Step 3 Select the NFT you want to buy and click to enter the auction details page

Step 4 Click “Bid”.

Step 5 You can see bid history and auction commission history in “Bid History”.

If you are the first bidder, your will start with NFT’s “Start Price”. If you are not the first bidder, your bid will be 10% higher than the previous bid.

If no one gives a higher bid until the end of the auction, then you will get the NFT. If someone gives a higher price, your bid will be fully refunded, and you will also get 20% from the premium price as auction commission. At the same time, you can log out from the auction and bid again.

You can chose $BNB or $YOOSHI to bid.

Notes: Buyer and seller are required to claim NFT and profits from selling NFT manually after the end of auction. If one party claims NFT or profits which will trigger contract settings, the other party will get NFT or profits automatically.

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