Want to push your art products on sales on digital markets? Introduced to SOTA but do not know how to use it? This guide will break down everything a beginner should know about how to create your profiles and trade NFTs on sota.finance.
I. CREATE A NEW ACCOUNT ON SOTA.FINANCE
∘ 1. Sign-up for a new account
∘ 2. Confirm your account
∘ 2. Apply to become a verified creator
II. CREATE, SELL, REMOVE AND MAKE AN OFFER FOR NFTs
∘ 1. Create your own collection
∘ 2. Create your own NFTs
∘ 3. Put NFT on sale
∘ 4. Remove NFT from sale
∘ 5. Make an Offer
I. CREATE A NEW ACCOUNT ON SOTA.FINANCE
1. Sign-up for a new account
Step 1: Go to https://sota.finance/login.
Step 2: Make sure you have log in to your digital wallet on the browser, select the digital wallet you want to connect.
Step 3: Select ‘Sign’ at the bottom of your Digital wallet.
Step 4: Enter your username (display name) and email address (optional).
Note: Don’t forget to fill in your referral code if you know your platform through your friend
Step 5: Agree to the ‘Terms of Use’ and ‘Privacy Policy’.
Step 6: Click ‘Sign up’.
2. Confirm your account
Step 1: From the drop menu on the top right select My profile to enter your page
Step 2: Click on Edit Profile to upload your avatar, bio information, or social network profile links (Facebook, Twitter, etc.) Add as much as possible to your profile description so that users can recognize you.
Step 3: Select Your wallet to go to your wallet. SOTA wallet can hold multiple tokens on Binance Smart Chain, Heco Chain, IoTeX Mainnet, Polygon and OKExChain Mainnet.
3. DO NOT deposit SOTA, BNB, USDT from other blockchains such as ETH (ERC20) to the internal wallet.
Note: Users need to deposit BnB (Bep20-Binance smart Chain) to pay network transaction fees for NFT creation and trading. You can buy BNB from exchanges such as Binance, select Bep20 when sending BNB to your SOTA wallet address.
2. Apply to become a verified creator
To become a verified creator, please send an application email to sota@sota.finance with the following information:
- Pictures of your ID (passport, citizen ID, driving license etc.)
- A selfie picture of you holding a paper with the word “SOTA” on it and the above ID
- Your e-mail and wallet address in the SOTA Platform
- Sample of your works (you can send us links to your profile)
- A statement that you have read, understood and agreed with the Terms of Use especially Content Standard:
Digital content must be original that you own (either you are the creator of the content, or the creator has transferred the digital content ownership to you in written consent). Content is used only once to create NFTs in the SOTA platform. Do not use content that was used to create NFTs in other platforms. Afterward, do not sell/give the digital content except through the created NFTs.
The full Terms of Use is available below:
https://sota.finance/Terms_of_use_SOTA_Platform.pdf
II. CREATE, SELL, REMOVE AND MAKE AN OFFER FOR NFTs
1. Create your own collection
Step 1: Click Avatar at the top right corner and choose My Collections.
Step 2: Select Create Collection button.
Step 3: Upload information of your collection and click Save.
Step 4: A new album will be added for selection when creating NFTs.
2. Create your own NFTs
Step 1: Select network.
Step 2: Choose collection: select an album. For example, choose the album you just created. You may create several albums for different types of NFTs.
Step 3: Upload the file of the NFT (Size less than 100Mb with image).
Step 3: Name: name for the NFT.
Step 4: Description: Provide as much as possible information about your original creation. You may add also some artist profile information in this section (can be the same for all NFTs created by you).
Step 5: Choose categories: you can select multiple categories.
Step 6: Choose collection: select an album. For example, choose the album you just created. You may create several albums for different types of NFTs.
Step 7: Number of copies: Select the number of NFT copies if you create Multiple NFT.
Step 8: Put on sale — Quantity & Price: Select the number to sell in the market and the price (If you don’t want to sell right away then just turn off “Put on sale”).
Step 9: Click Create NFT.
NOTE:
Content must be original that you have copyright. Content is used
only once to create NFTs. Do not use content that was used to
create NFTs on other platforms. Afterward, do not sell/give the
digital content except through the created NFTs.Depending on the type of content you can decide a suitable number
of copies. The buyer will check the scarcity of the NFT when buying.When an NFT is sold for the 1st time, 85% is paid to the creator, 15% is
kept as fees for the SOTA platform. From the 2nd time, the buyer and seller
will pay 2.5% transaction fees. In addition, if a seller earns profit
from reselling the NFT, 10% of the profit will be paid to the original
creator as a royalty fee.
3. Put NFT on sale
Step 1: From the drop menu at the top right corner select My Profile to go to your page.
Step 2: On your profile page, select Collectibles to see all your NFTs.
Step 3: Select an NFT that you want to put on sale.
Step 4: On the NFT page, click on Put on sale.
Step 5: Input a price and click Put on sale.
4. Remove NFT from sale
Step 1: Select the NFT
Step 2: Click Remove from sale
Step 3: Click Confirm on the pop-up page
5. Make an Offer
With the “Make offer” function, you can offer the NFT owner a price you’re willing to pay for the artwork. Here is how it works.
Step 1: Click “Make offer”
Step 2: Input your offer:
Price: The price you are willing to pay for the item.
Payment token: You can choose to pay by multiple tokens.
Quantity: The number of NFT.
Total: Total amount you will pay
Offer expiration: Time limit of the offer, ranging from 3 days to 15 days. After the expiration date, if your offer isn’t approved by the owner, it will be canceled.
Step 3: Select “Make offer” and choose “Confirm” on your MetaMask if you use an external wallet. You can follow your offer on the “My Collectibles” tab “My offer”.
Note 1:
When you Make offer using BNB as the currency, the BNB will be deducted from your wallet temporarily to go into a contract. You can get it back anytime by removing the offer. In case the seller doesn’t accept your offer and it expires, you will have to manually remove the offer to send back the BNB to your wallet.
When your offer expires, it will show a tag “Offer Expired” in the “Bidding” tab.
Note 2:
If you Make offer using other tokens, the money will only be deducted from your wallet after the seller accepts your offer.
If the balance in your wallet is less than the amount required for your offer, the offer will be partially accepted within the balance of the bidding token available in your wallet. For example if you offer to buy 5 copies of an NFT at price 20USDT while you have only 70USDT in your wallet, then only maximum 3 copies can be accepted.
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