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With the official launch of Uptick Web, we are holding an Auction campaign for our users. We welcome all creators and collectors to participate in it.
This article will guide creators and collectors on how to create an auction and participate in bidding, along with any other auction processes you may need to know. This article will help you quickly understand and use the different auction features available for Uptick Web.
Create NFT.
List NFT with ‘Timed Auction’.
Accept the offer and receive bids, or reject the offer to return bids.
Place a bid.
Wait for auction to end
Receive NFT if seller accepts the final bid, or get the funds returned if the bid rejected.
With the official launch of Uptick Web, we are holding an Auction campaign for our users. We welcome all creators and collectors to participate in it.
This article will guide creators and collectors on how to create an auction and participate in bidding, along with any other auction processes you may need to know. This article will help you quickly understand and use the different auction features available for Uptick Web.
Create NFT.
List NFT with ‘Timed Auction’.
Accept the offer and receive bids, or reject the offer to return bids.
Place a bid.
Wait for auction to end
Receive NFT if seller accepts the final bid, or get the funds returned if the bid rejected.
1) Backup your wallet’s mnemonic seed phrase
Enter the Uptick app, click [Me] — [Settings] — [Backup Wallet] to backup your mnemonic seed phrase.
2) Connect Account
Click the ‘Connect Wallet’ icon in the upper right corner, and choose your wallet. Currently only IRIS chain is supported, so please select ‘Keplr wallet’.
3) Import your wallet’s mnemonic seed phrase:
Select ‘Import existing account’, input your Uptick App seed phrase into the Keplr wallet,** **then fill in the account name to complete the connection with the Keplr wallet account.
4) Connect Wallet
Connect your Keplr wallet to complete the connection to Uptick Web. After this step is complete, your Uptick App account will now be successfully logged into Uptick Web.
5) Switch to IRISnet Chain
Keplr wallet is linked to the COSMOS chain by default, so you will need to manually switch to IRISnet chain.
If you do not have a registered Uptick App account, please follow these instructions to login to Uptick Web:
1) Connect Account
Click the ‘Connect Wallet’ icon in the upper right hand corner, then choose your wallet. IRIS chain is only currently supported, so please select ‘Keplr’.
2) Create a new account
Select ‘Create new wallet’ and enter your account name to complete the wallet creation.** Please backup your mnemonic seed phrase securely** in order to later import into the Uptick App, which supports 12 or 24 word mnemonic seeds generated by Keplr wallet.
3) Connect Wallet
Connect your newly created wallet to complete the connection with Uptick Web and generate your Uptick account. Later, you will only need to reconnect your Keplr wallet to log in.
4) Switch to IRISnet chain
Keplr wallet is linked to the COSMOS chain by default, so you will need to manually switch to IRISnet chain.
Click the ‘Create’ icon in the upper right hand corner. You will need to fill in the basic NFT information, select the category and choose the ‘Auctions’ amount. (Please ensure that JPG, PNG, GIF files do not exceed 5MB, and that MP4 does not exceed 20MB)
Click your avatar to enter [My profile], switch to the [My creation] list, select the NFT and click ‘Start sale’. You can set a ‘Starting price’, ‘Reserve price’, ‘Buy it now price’, ‘Starting time’, ‘Auction Length’, and finally click to confirm that your work has been listed on the market in auction mode.
[Starting price] Bids below this amount will not be accepted.
[Reserve price] After the auction ends, the highest bid above the reserve price will be accepted. You can also choose to accept a bid below the reserve price.
[Buy it now price] When the bid exceeds the buy it now price, the auction is automatically closed.
Please note that：
· Auctions cannot be cancelled after a valid bid has been placed.
· Any bid placed in the last 10 minutes will extend the auction by a further 10 minutes.
**1)**Click ‘Home’, browse NFTs under the [Auction] list, and select the NFT you want to buy.
2) Click into the NFT details page and you can see information about ‘Auction starting in’, ‘Start Bid’, and ‘bids’, which can help you better participate in bidding.
3) If you choose ‘Buy it now’, enter the Buy it now price and confirm the transaction in your wallet. You will receive the NFT within 48h after the auction ends.
4) If you choose ‘Place a bid’, please bid higher than the Current Bid and confirm the transaction in your wallet.
Notes:
· You need to actively fund your bids first, once a higher bid appears, your bid will be returned. Due to the need for gas deduction, the refund you receive will be slightly less than your bid.
· If you bid on an NFT without a reserve price, the highest bidder will eventually get the NFT. If there is a reserve price, but your bid does not reach that reserve price, the seller may reject this auction and the platform will refund your bid.
· If your bid is successful, you wil receive the NFT directly in your Collections within 48h after the auction ends.
After the auction ends, the seller needs to accept the highest available bid within 48 hours, and some gas will need to be paid when accepting. If the bid is not accepted within the 48 hour period, the following actions will be performed automatically:
· If the final bid exceeds the reserve price, the platform automatically confirms the auction.
· If the final bid is below the reserve price, the platform will cancel the auction by default.
Please note that once the seller accept the bid, the NFT will be settled to the buyers, and 10% of the final bid will be deducted as a service fee.
Uptick app is the world’s first decentralized full-featured mobile NFT app, based on the commercial-grade NFT infrastructure of the Uptick Network. Safely and conveniently managing users’ digital NFT assets, and supporting the independent issuance, purchase, transfer, resale, and cross-chain transfer and interoperability of users’ NFT assets centred around the pan-entertainment and life service industry, forming a new creative economy for the Web 3.0 era.
1) Backup your wallet’s mnemonic seed phrase
Enter the Uptick app, click [Me] — [Settings] — [Backup Wallet] to backup your mnemonic seed phrase.
2) Connect Account
Click the ‘Connect Wallet’ icon in the upper right corner, and choose your wallet. Currently only IRIS chain is supported, so please select ‘Keplr wallet’.
3) Import your wallet’s mnemonic seed phrase:
Select ‘Import existing account’, input your Uptick App seed phrase into the Keplr wallet,** **then fill in the account name to complete the connection with the Keplr wallet account.
4) Connect Wallet
Connect your Keplr wallet to complete the connection to Uptick Web. After this step is complete, your Uptick App account will now be successfully logged into Uptick Web.
5) Switch to IRISnet Chain
Keplr wallet is linked to the COSMOS chain by default, so you will need to manually switch to IRISnet chain.
If you do not have a registered Uptick App account, please follow these instructions to login to Uptick Web:
1) Connect Account
Click the ‘Connect Wallet’ icon in the upper right hand corner, then choose your wallet. IRIS chain is only currently supported, so please select ‘Keplr’.
2) Create a new account
Select ‘Create new wallet’ and enter your account name to complete the wallet creation.** Please backup your mnemonic seed phrase securely** in order to later import into the Uptick App, which supports 12 or 24 word mnemonic seeds generated by Keplr wallet.
3) Connect Wallet
Connect your newly created wallet to complete the connection with Uptick Web and generate your Uptick account. Later, you will only need to reconnect your Keplr wallet to log in.
4) Switch to IRISnet chain
Keplr wallet is linked to the COSMOS chain by default, so you will need to manually switch to IRISnet chain.
Click the ‘Create’ icon in the upper right hand corner. You will need to fill in the basic NFT information, select the category and choose the ‘Auctions’ amount. (Please ensure that JPG, PNG, GIF files do not exceed 5MB, and that MP4 does not exceed 20MB)
Click your avatar to enter [My profile], switch to the [My creation] list, select the NFT and click ‘Start sale’. You can set a ‘Starting price’, ‘Reserve price’, ‘Buy it now price’, ‘Starting time’, ‘Auction Length’, and finally click to confirm that your work has been listed on the market in auction mode.
[Starting price] Bids below this amount will not be accepted.
[Reserve price] After the auction ends, the highest bid above the reserve price will be accepted. You can also choose to accept a bid below the reserve price.
[Buy it now price] When the bid exceeds the buy it now price, the auction is automatically closed.
Please note that：
· Auctions cannot be cancelled after a valid bid has been placed.
· Any bid placed in the last 10 minutes will extend the auction by a further 10 minutes.
**1)**Click ‘Home’, browse NFTs under the [Auction] list, and select the NFT you want to buy.
2) Click into the NFT details page and you can see information about ‘Auction starting in’, ‘Start Bid’, and ‘bids’, which can help you better participate in bidding.
3) If you choose ‘Buy it now’, enter the Buy it now price and confirm the transaction in your wallet. You will receive the NFT within 48h after the auction ends.
4) If you choose ‘Place a bid’, please bid higher than the Current Bid and confirm the transaction in your wallet.
Notes:
· You need to actively fund your bids first, once a higher bid appears, your bid will be returned. Due to the need for gas deduction, the refund you receive will be slightly less than your bid.
· If you bid on an NFT without a reserve price, the highest bidder will eventually get the NFT. If there is a reserve price, but your bid does not reach that reserve price, the seller may reject this auction and the platform will refund your bid.
· If your bid is successful, you wil receive the NFT directly in your Collections within 48h after the auction ends.
After the auction ends, the seller needs to accept the highest available bid within 48 hours, and some gas will need to be paid when accepting. If the bid is not accepted within the 48 hour period, the following actions will be performed automatically:
· If the final bid exceeds the reserve price, the platform automatically confirms the auction.
· If the final bid is below the reserve price, the platform will cancel the auction by default.
Please note that once the seller accept the bid, the NFT will be settled to the buyers, and 10% of the final bid will be deducted as a service fee.
Uptick app is the world’s first decentralized full-featured mobile NFT app, based on the commercial-grade NFT infrastructure of the Uptick Network. Safely and conveniently managing users’ digital NFT assets, and supporting the independent issuance, purchase, transfer, resale, and cross-chain transfer and interoperability of users’ NFT assets centred around the pan-entertainment and life service industry, forming a new creative economy for the Web 3.0 era.
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