INTRODUCTION
Most people seek auction houses in other to get stuffs that are unique and rare.The traditional way is called the black market or a gala organised in honour of this.Since internet came, we have seen lots of platform with the main purpose of auctioning.We have platforms like Ebay,Listia,Ubid among others.People can then bid and buy from the comfort of wherever they are.With all this platform it still bores down to centralisation.This auction platform charge fees when items are been auctioned and sold on there platform.This sometimes cut into the profit of the parties concerned which is why decentralised auction platforms are springing up with the interest of the participants (auctioneers and sellers) at heart.One of them is Auctionity and they are here to change the face of auctioning.
ABOUT AUCTIONITY
Created by Dombraider,Auctionity is ranked on stateofthedapp Mew List and it is a decentralised platform built on the Ethereum blockchain.They are here to change the game of auctioning by providing a means for non-fungible tokens.It is also the first platform that offers its users a place to auction non-fungible tokens.With this in view,Auctionity offers transparency and security to its sellers and buyers.
Unlike other auction houses like Opensea,Rarebit among others that makes use of the Dutch auction system,Auctionity makes use of the old English system which helps makes auctioned items more valuable.
They also make sure to reward their users who promotes auctioned items.
WHAT IS NON-FUNGIBLE TOKENS
These are tokens that are not interchangeable,unique in nature and are irreplaceable.
GETTING STARTED WITH AUCTIONITY
The Auctionity platform is very easy as a peasy.By following this step by step instruction,you are good to go.
Visit Auctionity and click on the image below.
Then you will be redirect to where you click account and select either sign in for returning users or create for new users.
Afterwards I got the option to either use my metamask wallet or portis wallet but I opted for metamask.
Here is my final account verification for my sign in.
Final screenshot to show I am logged in.
WHY I LIKE AUCTIONITY
- Simple user interface
- They give value to users items.
- They reward users who promotes auctioned items
- They do not charge for transaction fees.
IN CONCLUSION
The Auctionity team has taken it upon themselves to put some respect on Non fungible tokens which will make some collectors happy and also guarantee some a good way to earn.I will be rating the dapp 5/5 because for now I see no fault with the system.
For more knowledge about the dap kindly visit this underlisted channels:
Auctionity Twitter
Auctionity Github
All images from Auctionity website