SOON.

MARKET

FAQ

How to get started with NFTs on Soon.Market?

We’re building the NFT marketplace on the Proton blockchain. All you need to get started is the WebAuth wallet application and cryptocurrency/tokens.

To learn more about how to get your cryptocurrency/tokens into your WebAuth wallet read the DeFi section on the Proton website.

After you’ve installed WebAuth and managed to get your crypto you just need to connect your wallet with Soon.Market on the top right.

What’s the fee structure on Soon.Market?

We’ve built Soon.Market around the AtomicAssets/AtomicMarket NFT standard on Proton where the fee structure is transparent, subject to change, not controlled by us and defined as follows:

  • 1% Maker (Marketplace)
  • 1% Taker (Marketplace)
  • 0-15% Royalty (Creator)
    • This is set by the creator for each collection and can thus be different for every collection.

Be aware: In worst case you as a seller of the NFT will only receive 83% of the sale!

Note: These fees are independent of the fees that blockchain transactions might require.

What about blockchain transaction / gas fees?

On Proton there is no gas fee like known on Ethereum or other chains. Proton works differently and is based on EOSIO technology. In theory the Blockchain transaction fees consist of: CPU, NET and RAM.

For an average user CPU and NET is nothing they usually need to care about but RAM is something they might need when any data is stored on the Blockchain.

We will publish a dedicated blog article to cover this topic in-depth with a focus on the AtomicAsset/AtomicMarket contracts 🔜

How to create a collection?

Creating collections is currently not supported by Soon.Market as we’re focusing on secondary market first.

Make sure to follow our social channels to be one of the first to know when this feature is released!

How to create/mint NFTs?

Creating/Minting NFTs is currently not supported by Soon.Market as we’re focusing on secondary market first.

Make sure to follow our social channels to be one of the first to know when this feature is released!

Where can I see my NFTs?

Your NFTs are displayed in your personal dashboard which you can open by clicking on your profile on the top right after you successfully connected your WebAuth wallet.

How to sell my NFTs?

We provided an easy flow for this in our Sell NFT section. You chan choose between:

  • auction where you define a starting price
  • listing where you will define a fixed price

In both cases you have the option to choose between various cryptocurrencies/tokens which are supported by the AtomicMarket contract that you wanna accept as payment method.

You have the option to put multiple NFTs in a bundle auction or sale if you want to do that. Bundle auctions or sales are only possible for NFTs that belong to the same collection. You cannot place NFTs from different collections into a bundle.

Another option to sell an NFT is by accepting a buy offer. You will find all incoming offers in your personal dashboard and 🔜 also in the taskbar!

How to buy NFTs?

The easiest way to find NFTs you wanna buy is our Explore section.

There you have different filter options and the possibility to select between auctions and sales. Just place your bid in an auction or directly buy a listed asset with a fixed price.

You always have to sign the action (bid/buy) with your WebAuth wallet. Be careful, because this action cannot be reverted!

Another option is to provide a buy offer for an NFT you wanna buy. This option appears on the General View of a specific NFT. If you start the process to place a buy offer you will notice that you can also place a bundle offer. This is only possible if the current owner of the NFT you want to buy owns multiple NFTs of this specific collection.

When creating a buy offer your funds will be locked in the AtomicMarket contract and not accessible anymore. If you cancel the buy offer the funds will be returned to your account of course!

How do NFT auctions work?

When you participate in an auction you will send cryptocurrency/tokens to the AtomicMarket smart contract where these are locked until somebody outbids you. In case your have been outbid, your funds are automatically unlocked but you need to actively claim it back to your personal account.

You can do this by clicking on your profile on the top right which brings you to your personal dashboard. There you will find a Balances section which will show you how much funds you have available in the smart contract and how much funds you have in your personal account. You can claim the funds from the smart contract back to your personal account at any point of time!

In case you win an auction, the seller will be able to claim their reward and you will be able claim the NFT(s) you have won. This action will appear in the taskbar in the menu.

How to burn an NFT?

Burning NFTs is currently not available on Soon.Market and will be added later.

Make sure to follow our social channels to be one of the first to know when this feature is released!

How to transfer an NFT?

Transfers of NFTs to other accounts is currently not available on Soon.Market and will be added later.

Make sure to follow our social channels to be one of the first to know when this feature is released!

I can’t see the attributes of an NFT, why?

Currently we do not display specific attributes of an NFT.

Make sure to follow our social channels to be one of the first to know when this feature is released!

What is a SOON SPOT NFT?

Our SOON SPOT NFTs provide utility on Soon.Market.

Currently you can use it to promote any NFT auction on the front page of Soon.Market. In the future 🔜 you will also be able to use it to promote any collection on the front page of Soon.Market & more! 😉

What is Soony?

Soony is our notification bot which is currently available on Twitter and Telegram.

It can provide notifications for any kind of NFT activities on Proton, including OTC trades!

It provides value for both, creators and collectors. Creators can activate Soony in their Telegram group and subscribe for up to 3 collections. Collectors can watch the notifications and snipe good deals the fastest way possible!

Will Soony come to Discord?

Yes! 🔜

How to identify verified / approved collections?

Currently we’re showing all kind of NFTs and do not check any collection / NFT. This is a situation we absolutely don’t like as there is a huge risk that users buy NFTs which might be copies or scams.

We’re aware of this and we’re planning to provide an application for the community to approve collections and to report collections. Our team is very active in the Proton NFT Watch group on Telegram where we encourage you to ask about a specific collection / NFT before buying it.

In the future it's very likely that we switch the behavior of Soon.Market and only display NFTs of verified / approved collections by default to ensure safety for our users - stay safe!

How to report a scam?

The best way to do this is by joining the Proton NFT Watch group on Telegram.

Our team is very active there and if a scam is reported we can add the collection to a blacklist within seconds. The NFTs of this collection will then never shop up on Soon.Market again!