Buying and Selling
An open marketplace for all.
Pegaxy's Marketplace for Buying and Selling
There are two ways of selling inside the Pegaxy marketplace, these are:
- Buy Now
- The Buy Now method is your typical marketplace sale. Simply list your NFT for the price you wish to sell it for, if someone is willing to pay the price you listed it for, the transaction will proceed and you will sell your NFT.
- The second method that we have introduced is an Auction. With this, you are able to simply place your NFT up for Auction with a reserve price. Once it hits the market, users are able to place bids on your NFT. If the reserve price is met, the Auction will continue until the timer ends. If the reserve price is not met, the auction will be considered void.
If you wish to buy an NFT, you need to ensure you have the requested currency of the seller (e.g USDT, USDC, or PGX on the Polygon chain), then simply click "Buy". From here, Metamask or other associated wallets will display a pop-up to confirm the transaction, once approved your purchase is complete.
The Pegaxy marketplace has a 3% seller fee on every transaction. This fee is the same no matter which currency you use to sell your Pega, Keys, Chests, and Cosmetics. As mentioned in the Governance Token part of the whitepaper, the Pegaxy ecosystem will not be decentralised from day one, here is a snippet from that section.
"The fees within the ecosystem of Pegaxy for the first year*, will go towards the game studio to assist in the costs of development, large scale partnerships, recruiting senior experts and building an extremely strong foundation. This system allows the game studio to move forward and increase the speed of the games development, which also speeds up the inevitable decentralisation of the game."
Once the community treasury is active, these marketplace fees will then be directed to the community treasury for the use of staking rewards, tournament rewards and ecosystem development.