RareMall NFT Marketplace
  • FAQs
  • About RareMall
    • 1. What is the essence of RareMall?
    • 2. How can I connect with RareMall’s Admin?
  • Sell & Buy
    • 1. How do I make an offer on NFTs?
    • 2. How do I buy fixed-price NFTs?
    • 3. How can I check the history of an NFT?
    • 4. Can I list an item without paying to “mint’’ it?
    • 5. Can I make a listing that doesn’t expire?
    • 6. What file format can I use to make NFTs? Is there a maximum size?
    • 7. Are my NFTs viewable on other platforms?
  • Auction
    • 1. How do auctions work?
    • 2. What is the floor price?
    • 3. Is there the lowest bid requirement
  • Royalties & Fees
    • 1. How do royalties work on RareMall?
    • 2. What fees do I pay for my first listing?
    • 3. Who pay the gas fees?
  • Payment & Transaction
    • 1. Which wallet can I use in payment?
    • 2. Which cryptocurrencies do you support for RareMall pay?
  • Technical questions
    • 1. What if I forget my account’s password?
    • 2. How to close a RareMall’s account?
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  1. Auction

3. Is there the lowest bid requirement

Later bids must be higher than the previous ones by at least 5%. Only bids in the same payment token in the auction will be considered as the winning bid.

During the last 10 minutes of an auction, if someone places a bid that is higher than previous ones, the auction will automatically extend by 10 minutes. Also, cancellations to the top bid will trigger an extension for a period of a week.

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Last updated 3 years ago

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