# Metal Shiba NFT Marketplace

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**Good to know:** Our marketplace will be live before launch. \
No fake promises, just facts.&#x20;
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## Intro

In addition to the art and comics, we created a functional NFT platform prior to launch so that we don't waste time making new collaborations on our launch page. Our minting page will initially be used to launch the Metal Shiba NFT OG collection. After that, the platform will be open to emerging artists, and projects related to comics and the NFT ecosystem, giving the market a true identity and targeted audience.

Moreover, being a fully functional and decentralized Marketplace, it will give visibility and utility to our project by attracting different types of investors in order to create a multi-universe around the token. Our Marketplace will also list exclusive NFTs made by featured artists, giving them the support they need to fill the technology gaps. \
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The goal is to create a vibrant community and share some of the profits from the marketplace directly with our NFT holders and stakers. This will be done directly from the smart contract and not from our hands.

Also, being a true Marketplace (with competitors like Opensea) we will give the ability to sell and mint third-party NFT collections in a decentralized way. Giving the platform an independent role in the project ecosystem.

## Market Analysis

We analyzed data from the largest Marketplaces in the market: Opensea exceeded $10 billion in sales for the first time in its four years of operation. Rarible and SuperRare, respectively two platforms totaled $263.7 million and $177.95 million. \
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The second platform in the NFT sales rankings is Axie Infinity, a video game, which has totaled $3 billion in volume and hosts over one million merchants on its platform. AirNFTS: 780,000 users visited the marketplace from inception to mid-April, and 92,000 NFT transactions occurred on the platform. \
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Once again, we see how NFTS' Marketplace business has grown incredibly over the years and is continually expanding. Finally, as far as the NFTS world is concerned, the business volume of the Traditional Art world in 2021 is about $50 billion and the NFT business is about $41 billion, so we believe it is critical to include this sector for the growth of our company. \
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Alex Salnikov, Co-Founder and Chief Product Officer at Rarible said that "with the explosive growth of the NFT market in 2021, it's easy to forget that the industry is still very young and we're just at the beginning \[...] In 2022, we can expect to see further growth and maturation of the market with the proliferation of new unique use cases of NFT technology and increased mainstream and institutional adoption."

## Overview

Our marketplace is an easy-to-understand, lightweight platform. \
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You will be able to view an entire collection, see the listed items in a collection, see the attributes of a particular NFT, and the highest price or bid. \
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You will then be able to purchase at the listed price or bid price using BNB. \
When you bid, your BNB balance will be deducted and the smart contract will securely act as an escrow. If your bid comes out the highest and the seller accept it, your BNBs will be sent to the seller, otherwise, you will be able to claim back your BNBs.

Our Marketplace also has a launchpad section. Our launchpad will initially only be available on the Binance Smart Chain and later on the Ethereum blockchain so that projects on both blockchains can launch new NFT collections. \
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We will help non-techie artists to discover the Blockchain and NFTs to promote and fund their art. We will help them in every aspect of the project, from Smart Contract coding and deploy, Whitepaper, algorithmic images generation, IPFS pinning, NFT minting page and Marketplace Listing. \
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You just need to plug in your wallet, make sure you have enough BNB or Ethereum, and mint your NFT.

In addition, we're working to expand our marketplace with an exclusive **NFT smart-staking** feature that rewards you once your token is listed on the marketplace, as well as a shared buy option that allows more people to buy and NFT that they can't afford alone in a decentralized way without knowing or trusting each other.&#x20;

## How does it works?

Marketplace supports a multitude of options for your NFTs. \\

* **Fixed Price** - Allow your item to be bought immediately at a fixed price.
* **Bids** - Allow your item to be bought via the highest bid within a fixed time frame and set a price floor.

If you are a team you'll find from our solution the one that best fits for your needs:\\

* **Decentralized Launchpad -** Allow your NFT collection to be minted by everyone. You'll only need to set up the sale page and pay a service fee. We allow one sale per timeslot. \
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  You will be able to rent a timeslot to use our minting page where your NFT SmartContract will be connected. Makings will be directly paid to your smart contract so our launchpad will not take **any additional fee**. Ever.&#x20;
* **Collection Listings** - Allow your collection to be bought and explored from our marketplace, there will be some criteria to become eligible, but the process will be decentralized directly from our smart contract.&#x20;
* **NFT Staking Service** - We allow the third-party projects to apply and reserve one of our NFT Staking pools, to access our liquidity providers and leverage their collection volumes thus rewarding their loyal investors. Pools can pay rewards in **any BEP20 token** that the team will choose.&#x20;
* **Verification -** For greater credibility, MetalShiba also offers verification on collections. This is available for established projects and will allow the collection items to be featured on the MetalShiba landing page.​​ KYC and AUDIT will be done trough partners and will allow the project to receive a special badge.

## Put for sale <a href="#h_9ad5cf1c83" id="h_9ad5cf1c83"></a>

If you own an NFT, you may list it up for sale on the marketplace. This applies to all created items and bought items that you still own.\
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Simply navigate to "My Collection" to see the NFTs you own and manage your listings.&#x20;

![](https://2416405196-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtbsrfcYdszqpqBgV3nI2%2Fuploads%2FEfWa8Q9sxUTKfuyQSeSK%2FSchermata%202022-05-30%20alle%2003.35.08.png?alt=media\&token=d84ce51a-6801-42a8-a213-5b8001a27f15)

Now you can click on "List" under the item you want to offer for sale on the marketplace, simply approve your ERC721 token, enter your desired price, and you're done!\\

![](https://2416405196-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtbsrfcYdszqpqBgV3nI2%2Fuploads%2Fjb6pBcx7Sjxqkws1B0wc%2FSchermata%202022-05-30%20alle%2003.41.31.png?alt=media\&token=1084cd42-cd6d-424b-bcae-ee2d7077cced)

## Remove from sale

If you have an NFT up for sale, you may also remove it from the sale. Simply navigate to "My Collection" to see the listed NFTs and manage your listings. If you remove an item from sale, you can always list it back for sale. \\

![](https://2416405196-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtbsrfcYdszqpqBgV3nI2%2Fuploads%2FCNeSSWQq9Sb8dQc8QySd%2FSchermata%202022-05-30%20alle%2003.50.20.png?alt=media\&token=5438a983-728b-4902-8363-b3db1d7a1a68)

## Bidding <a href="#bidding" id="bidding"></a>

Once the object has been listed, you can make offers. You can bid a lower amount than the listing price, and the owner will have the option to accept the bid and sell the object. The object will appear as purchasable to other users, with a countdown to the end of the auction. Interested buyers can bid on a listed item by clicking on the "Bid" option on the item's details page. This will direct the user to the confirmation page that will highlight all relevant information to the trade.

Token balance in the wallet Bid history and highest bid Applicable fees

Note that the blockchain network may take some time to confirm an offer. Depending on the network, this waiting time may vary. Once the network has confirmed the bid, it will be held by the smart contract and you can **withdraw it at any time!**

![](https://2416405196-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtbsrfcYdszqpqBgV3nI2%2Fuploads%2Fr1Z6toIXm3o5nZzr6PMy%2FSchermata%202022-05-30%20alle%2017.48.40.png?alt=media\&token=5581d932-e91b-4fb7-89e2-a02e2c7549b2)

## Remove a Bid

If you have placed a bid on a listed item, you can also remove it and withdraw the amount at any time. \
Just go to "My Collection" and then click on "Bids" to see a list of all your active bids on the marketplace. You can then click on the "Unplace" button near an item and sign the transaction to remove the existing bid on it. Only one offer is allowed per item and per address, so whenever you make a new offer on the same item from the same address if you have an active bid it will be **automatically withdrawn**. This applies whether the new offer is higher or lower than the previous one. It is not necessary to withdraw the bid before placing another one, so you can easily adjust your bids to market conditions.

![](https://2416405196-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtbsrfcYdszqpqBgV3nI2%2Fuploads%2F8EoQzMIRJDeg853Uwxjd%2FSchermata%202022-05-30%20alle%2018.16.06.png?alt=media\&token=902c83bc-bee0-4b3a-8f45-40951c75a34b)

## Closing auctions <a href="#closing-auctions" id="closing-auctions"></a>

An auction ends when the countdown ends or if the item is purchased at the list price or if the seller accepts a bid. The seller does not have to sign or execute any transactions the item is automatically taken off the list.

## Platform fees <a href="#platform-fees" id="platform-fees"></a>

Platform fees are levied by Metal Shiba on successful trades to maintain the platform itself and to reward holders. Platform fees may be applied on both buyer and seller depending on the situation but will never be more than 2% of the trade itself. Depending on the collection, campaign, or user membership, there may be a significant discount on our trading fees!

## Royalty fees <a href="#royalty-fees" id="royalty-fees"></a>

Royalties will apply only on secondary sales, which are sales where the seller is not the creator themselves. So any resells or after-market trades will fall into this category. Royalties are set by the creators when an item or collection is first created. The fee will apply immediately only on successful trades and is taken from the seller's proceeds only. Buyers will not incur any royalty fee.

## Gas fees <a href="#gas-fees" id="gas-fees"></a>

Gas fees will be incurred anytime a blockchain transaction is submitted, and must be paid by the user themselves.

## Application process <a href="#h_d4275907f4" id="h_d4275907f4"></a>

If you are the collection owner or team member, please reach out to our team via our email <metalshibainu.comics@gmail.com> to begin the verification process.​
