Greedy Art
  • About the Project
  • GreedyArt Auctions
    • How to Participate in Auctions?
    • Auction Participants' Rewards
    • How to list an NFT for auction?
      • How to add NFTs manually
    • Editing / Canceling an Auction
    • My Auctions
  • GREEDY token
    • How GREEDY Works
    • How to buy GREEDY tokens?
    • How to sell GREEDY tokens?
    • Tokenomics
  • Contact Us
    • Support Service
    • Social accounts
    • Partnership
  • Legal
    • Terms of Services
    • Privacy Policy
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  • The auction winner receives:
  • The NFT seller receives:
  • All auction participants receive:

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  1. GreedyArt Auctions

Auction Participants' Rewards

The auction winner receives:

  • The NFT token that is auctioned off.

  • 40% of the total amount of all bids made during the auction, in BNB token.

  • The Initial Reward amount, contributed by the NFT seller during auction creation, in BNB token.

  • 20% of their own bids, refunded in GREEDY token, accessible through the My rewards section.

To claim rewards from points 1-3, after the auction concludes, the winner needs to request a withdrawal from the smart contract by clicking the Claim button on the auction page. Upon transaction confirmation, rewards will be sent to the winner's wallet.

Important: Both the auction winner and the NFT seller can initiate the withdrawal request. If the seller makes the withdrawal request from the smart contract first, the auction winner will automatically receive the rewards in their wallet without the need for additional transactions.

To claim the reward as per point 4, navigate to the My rewards section and click the Claim GREEDY button, then confirm the transaction in your wallet.

The NFT seller receives:

  • 40% of the total amount of all bids made during the auction, in BNB token.

To claim the reward for selling the NFT, the seller needs to request a withdrawal from the smart contract by clicking the Claim button on the auction page. Upon transaction confirmation, the reward will be sent to the seller's wallet.

Important: The auction winner can also initiate the withdrawal request. If the winner makes the withdrawal request from the smart contract first, the seller will automatically receive the reward in their wallet without additional actions.

All auction participants receive:

  • 20% of their own bids made during the auction, refunded in GREEDY token, accessible through the My rewards section.

To claim this reward, navigate to the My rewards section and click the Claim GREEDY button, then confirm the transaction in your wallet.

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Last updated 1 year ago

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