Overview

Trade offers are the cornerstone of NFTDEX's trading mechanism. Instead of buying or selling, users create binding trade offers to exchange NFTs directly with others. A trade offer specifies the NFTs you are supplying (you send) and the ones you are requesting in return (demand).

By sending multiple trade offers, you allow NFTDEX's advanced AI algorithm to efficiently match offers, increasing the likelihood of entering successful trades. Offers are active for a set duration and can be renewed, deleted, or traded once matched with others.

Key Features

NFTDEX provides a robust, user-friendly interface to create and manage trade offers. Key functionalities include:

• Offer Supply: The NFTs you supply (you send) in exchange for the demand (you receive).
• Offer Demand: The NFTs you demand (you receive) in exchange for the supply (you send).
• Offer Duration: The duration that the offer will remain active, in hours. Minimum duration is 1 hour, and the maximum is 999 hours. Expired offers cannot be used in trades.
• Renew Offers: Extend the duration of active or expired trade offers using a simple duration input modal.
• Delete Offers: Remove offers that are no longer desired. Active offers can still be matched into trades until deleted.
• View Offer Status: Track the status of your offers directly in the offers table (e.g., Active, Expired, Traded, Invalid).
• Transaction Insights: For completed trades or deleted offers, view detailed blockchain transaction information by clicking the transaction hash.

Offer Status and Actions

On the "Offers Sent" page, each trade offer is displayed in a table along with its current status and actionable options. Here's what each status means and the actions available:

• Active: The offer is live and ready to be matched. You can choose to renew or delete the offer as needed.
• Expired: The offer has surpassed its duration and is no longer active. It can be renewed to reactivate or deleted if it is no longer needed.
• Traded: The offer successfully entered a trade, and the transaction is complete. You can view the transaction details to check the completed trade on the blockchain.
• Deleted: The offer has been removed and cannot be reactivated. Transaction details, however, remain accessible.
• Invalid: The offer became invalid due to one or more NFTs in the supply or demand being marked "Not For Trade", changing ownership, or losing approval status. Delete the offer and create a new one if the conditions have changed.

How to Create and Manage Offers

Follow these steps to create and maintain trade offers effectively:

1. Select NFTs to Supply: Navigate to the NFT of interest. Use the "Create Offer" button to open the trade offer modal and select the NFT(s) you want to supply.
2. Select NFTs to Demand: In the Create Offer modal, the NFT selected in the previous step will populate in the Demand section. Click to add or change Demand NFTs from the same owner.
3. Set Offer Duration: Define how long the offer will remain active in hours (minimum: 1 hour, maximum: 999 hours).
4. Send the Offer: Click the "Offers Sent" button and sign the transaction in your wallet to finalize the offer.
5. Manage Offers: Go to the "Offers Sent" page to view, renew, delete, or track the status of your offers.
6. Send Multiple Offers: Increase your trade success by sending at least 5 offers per NFT. This boosts the chances of the AI algorithm matching your offers with others.

Tips for Maximizing Offer Success

Keep these best practices in mind to make the most out of your trade offers:

• Send More Offers: Create at least 5 offers for each NFT listed "For Trade" to increase the chances of finding a match.
• Actively Renew Offers: Keep your offers active by renewing expired ones before they are removed from the system.
• Monitor Ownership: Ensure the NFTs you are offering are marked as "For Trade" and remain in your wallet to prevent your offers from becoming invalid.
• Review Demand: Be realistic with your demand. Higher chances of success come from fair trade expectations.
• Check Trade History: Once an offer is processed into a successful trade, review its transaction details in the blockchain explorer for transparency.
• Avoid Unrealistic Offers: Sending offers with disproportionate value (e.g., trading a low-value NFT for a high-value one) reduces the likelihood of success and wastes time. Focus on balanced and fair trades to improve your chances.

Common Scenarios and Solutions

Here are some common scenarios you may encounter while managing offers and how to address them:

• Scenario 1: My Offer Expired
  Solution: Navigate to the "Offers Sent" page and renew the expired offer by setting a new duration. This will reactivate the offer and make it eligible for matching again.
• Scenario 2: My Offer Became Invalid
  Cause: This happens if the supply NFT is marked "Not For Trade", changes ownership, or loses approval status.
  Solution: Note that an invalid offer can become valid again if not expired, for example, if an NFT trade status is changed from "Not For Trade" to "For Trade" again. Delete offers you do not want to possibly become valid and active.
• Scenario 3: I Want to Cancel an Offer
  Solution: Navigate to the "Offers Sent" page and delete the active offer. Once deleted, the offer cannot be reactivated.
• Scenario 4: I Don’t See Matches for My Offers
  Solution: Ensure you've sent at least 5 offers per NFT to increase the chances of matching. Regularly check the "Options" page for AI-generated trade opportunities.