Auctions now live on the Kalamint platform
For all of us here at Kalamint, our community is at the center of everything we do. When all of you overwhelmingly requested for an auction feature on the platform, we listened. The ‘Auction’ feature is live now on Kalamint.
Auctioning your minted/bought work is simple. Just turn on the toggle function while listing the piece and set your reserve price, minimum raise per bid, and the duration of the auction and you can start your auction.
Here’s a quick guide to Auction your NFTs.
1. Go to the My NFTs tab at the top of your screen on your Kalamint profile page.
2. Click ‘List’ on the piece you would like to auction and you should see a screen like this.
Just toggle the ‘Switch to Auction NFT’ function to see this
The NFT reserve price is the starting bid price below which your piece can never be sold.
The minimum raise per bid is your choice. It is an incremental increase. For example, if your reserve price is 10 TEZ and the minimum raise is 1 TEZ. The bids go like this.
10 TEZ -> 11 TEZ -> 12 TEZ ->13 TEZ……
The Auction duration is the number of days that the auction will take place across. Once all these details are filled in, just click on ‘Auction NFT’
Once you place the piece on auction, it will be visible on the marketplace like this for the users to place their bids.
Kalamint, a leader of the Clean NFT movement is one of the first marketplaces on Tezos, an LPoS blockchain that consumes a fraction of the energy compared to its power-hungry counterparts. Backed by Tim Draper’s Draper Goren Holm Ventures, Amesten Capital, Moonwhale ventures among others, Kalamint is one of the only NFT marketplaces which is truly on-chain, meaning that the data on the chain can never be altered or lost.