How do I use SugarFactory#NFT?
December 06, 2021 – by Tha’ Doge Pound • Getting started
Features
Transfer
Your token can be transferred directly or by approval
- Go to MeetMySugar page
- Click on the item you like to transfer
- Click on “Transfer”
- Write or Scan the destination address
- Click Transfer
- Confirm the transaction in Metamask
Sell*
Owners can sell their NFTs
- Go to MeetMySugar page
- Click on the item you like to sell
- Click on “Sell”
- Fill the price in BNB
- Fill the wallet where you want to receive the funds of the sale
- Click on sale
- Confirm the transaction in Metamask
Buy
Any user can buy NFTs
- Go to MeetMySugar page
- Click on the item you like to buy
- Click on “Buy”
- Confirm the transaction in Metamask
Auction*
Owners can auction their NTFs by setting a minimum reserve amount
- Go to MeetMySugar page
- Click on the item you like to put up for auction
- Click on “Auction”
- Fill in the reserve price, this is the minimum price your item must reach to be sold
- Fill the date of the auction finalization
- Fill the address of the wallet to receive funds
- Click on “Auction”
- Confirm the transaction in Metamask
Biding*
Any user can bid
- Go to MeetMySugar page
- Click on the item you want to bid
- Click on “Bid” or “Place a Higher bid” if you already have a bid
- Fill in the bid amount
- Click on “Bid”
- Confirm the transaction in Metamask
*Sell:
If you want to cancel the sale, just follow the same steps to sell your item, and specify a price of zero, and any wallet.
*Auction:
The contract works like a scrow that allows funds to be stored safely until the auction ends. If you put your item up for auction, this cannot be undone, and you will need to wait for the auction to end before you can withdraw funds or sell your item again.
*Biding:
Bidders must bid at or above the reserve level in order to get the item. If you win the auction, the account you use to bid will own the NFT item. If you are outbid the funds are automatically refunded to your account.
Architecture
Finalize
What are the conditions to end an auction?
The auction must be open. The end date must have expired. The auction reached its minimum reserve price
- Go to MeetMySugar page
- Click on the item you want to finalize
- If the conditions for finalization are met, you will see the Finalize button
- Click on “Finalize”
- Confirm the transaction in Metamask
Withdraw
What are the conditions to withdraw an auction?
You bid in the auction. The auction is open. The end date expired. The auction did not reach its minimum reserve price
- Go to MeetMySugar page
- Click on the item you want to withdraw
- If the conditions for withdraw are met, you will see the withdraw button
- Click on “Withdraw”
- Confirm the transaction in Metamask