Taking a buy order

Here's what happens when you take a buy order:

• If there is a seller immediately available for a match, your buy order will start as soon as you confirm and pay the settlement price

• If there is no seller available you will be added to the order book. In that case you authorise BullvBear to move your WΞ for you. As soon as a seller is found, the settlement price will be sent to the contract

• If you are not immediately matched, your order will remain valid until the expiration deadline. If there is no match before, your order will expire.

• At anytime before matching, you can cancel your order from the Order page

• When you are matched with a seller, your order starts

• The seller has until the settlement deadline to deliver the NFT

  • If he does, you will receive the NFT, and he will receive the settlement price

  • If he doesn't, you will receive the settlement price back + you will receive his security deposit

• You can track your order and your live P&L, by going to the Orders page

• Once the order is settled, go to the Orders page to reclaim your Ξ or your NFT

Before confirming your order, you will find all the information summarised in the modale 👇

1. What you pay to get any NFT from the collection before the deadline (the settlement price)

2. Status of your order

   1. "Not matched yet" if not matched

   2. Wallet address of the seller if you are immediately matched

3. The settlement deadline = the deadline by which the seller has to send the NFT

4. What you will receive if the seller doesn't send any NFT before the deadline (his security deposit)

5. In case you're not matched, the order expiration deadline -> if you are not matched before this deadline, the order will expire

6. The platform fee you pay to take a buy Order

7. The points you will earn with this order when it is matched

You can expend each of the section to learn more about the parameters.