Offers

On PulseMarket, an "offer" refers to a proposal made by a potential buyer to purchase a specific Non-Fungible Token (NFT) listed for sale. When a buyer is interested in acquiring an NFT but the listing is not through a direct purchase or immediate auction, they can submit an offer to the seller expressing their willingness to buy the NFT at a certain price. Offers can only be made in WPLS.

The process of making an offer typically involves the following steps:

Buyer's Intent: When browsing through the NFT marketplace, a buyer may come across an NFT that catches their interest. If the NFT is not available for direct purchase or immediate auction, the buyer can choose to make an offer to the seller.

Offer Submission: The buyer submits the offer to the seller, indicating the price they are willing to pay for the NFT. The offered price may be higher or lower than the NFT's listed price, depending on the buyer's assessment of the NFT's value and market demand.

Seller's Decision: The seller receives the offer and has the option to accept the proposed price. If the seller is satisfied with the offered price, they may choose to accept the offer, and the transaction can proceed.

Transaction Completion: Once an agreement is reached between the buyer and seller, the buyer proceeds to complete the transaction by making the payment in the supported cryptocurrency. Upon receiving the payment, the seller transfers the ownership of the NFT to the buyer on the blockchain.

Offers provide an alternative way for buyers to acquire NFTs that are not immediately available for direct purchase or auction. It's important to note that offers are subject to the seller's acceptance, and the final transaction is completed only after both parties come to an agreement.