NFTEA
  • NFTEA
    • β˜•Intro of NFTEA
    • πŸ“€Contact Us
    • πŸ—ΊοΈRoad Map
    • πŸ’ͺBacker
  • GAME RULES & REWARDS
    • πŸ–ΌοΈNFT Options for FIFA World Cup Qatar 2022
    • πŸ₯žTeam NFT Issue and Price
    • πŸ“‘Team Options Issue and Price
      • πŸ’ΉOptions Premium Pricing & Casting costs
      • ⏰Sales Time & Price
      • πŸ’°How to Buy Options
    • πŸ†Rewards
      • πŸ…Game Rules and Reward Distribution
        • 1st Place Team
        • 2nd Place Team
        • 3rd Place Team
        • 4th Place Team
        • The Top 8 Team(excluding the top 4)
        • The Top 16 Team(excluding the top 8)
        • Not a Top 16 Team
      • πŸ’ΈCost & Benefit
      • 🏡️Last Buy Bonus
      • 🎭Referral
      • πŸ₯³Other rewards
  • USER GUIDE
    • 🚏Purchase and Exercise Option
    • πŸ€—Referral
  • NFTEA Testnet
    • πŸŽ‰Join the NFTEA Testnet Trading Competition forΒ free!
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  1. USER GUIDE

Purchase and Exercise Option

PreviousOther rewardsNextReferral

Last updated 2 years ago

1.Go to the Landing page

Website Link:

2. Go to the NFTEA DApp

Method 1: Click β€œGo to DApp” on the Landing page

Method 3: Go to the DApp by clicking the shared link

3. Connect Wallet

3.1 Install Wallet

(1οΌ‰Wallet currently supported: Metamask

(2) Install the wallet in your browser

(3) Create/import account

(4) Select account

3.2 Click β€œConnect” on the NFTEA DApp page

3.3 Select a wallet

3.4 Switch networks

3.5 Complete the wallet connection and check the login status.

3.6 View account information

4. Go to the Option market

4.1 Click β€œMarket” on the top of the menu to enter the NFT Options market

4.2 Select NFT options

Option types currently supported:

(2) Call Options

(3) European Options

(4) Cash delivery (Cash: USDC)

5.Go to the Option detail page

5.1 View the basic information of Option:

(1) Underlying: World Cup team NFT, the final value will be determined by the team’s final ranking in the World Cup (calculated by smart contracts)

(2) Strike Price: The default is 0

(3) Estimated Time

(4) Settlement Payout: shows the maximum and minimum range, and the specific return will be calculated according to the market value of the underlying asset. The final value of the underlying asset will deduct the exercise price.

(5) Option price (Premium)

5.2 View more information about options

(1) Option status

(2) Option NFT information

(3) Introduction to the rights and interests of option holders

6. Buy Option

6.1 Fill in the quantity of Options you wish to purchase

6.2 Set price slippage and trading hours

(1) The option price adopts the xy=k model, the price changes with the occurrence of the transaction, and the user completes the transaction by setting the price slippage and the transaction completion time.

(2) Users can set the price slippage and trading time at the top right corner of the menu

(3) The default slippage is: 5%

(4) Default maximum transaction completion time: 20 minutes

6.3 Click β€œPurchase Option”

6.4 Confirm the order

6.5 Go to the wallet and authorize USDC for NFTEA

6.6 Confirm the transaction in the Wallet

6.7 View Transaction Information

6.8 Viewing Trading Results

(1) β€œPurchase successful” pop-up window

After the transaction is completed, users can view the purchase information in the pop-up window, including the number of options and the final price

(2) Click View on Explorer

(3) When the transaction is concluded, users will receive the corresponding amount of the underlying asset of the option free of charge, and the user can check and sell it at Opensea

7. View purchased options

7.1 View by:

(1) Users can click β€œView purchase” in the transaction completion pop-up window to enter the Profile page to view the purchased Options

(2) Users can directly click Profile in the top menu bar to view the Options

(3) Users can also get to the details page of Option to view the balance of the Options they hold

(4) Users can view the options held by Opensea and can trade them

8. View the NFTs that have been sent to you

(1) Users can click Profile in the top menu bar to view the NFT gifted

(2) Users can view the NFT holdings in Opensea and can trade them

9. Exercise

When the option reaches the pre-set exercise period of the contract, the user can exercise the options held in the Profile

10. View earnings

(1) USDC balance and transaction records can be viewed through the wallet

(2) Users can click the user avatar in the top menu bar to view the USDC balance of the wallet

Method 2: Enter URL:

NFTEA currently supports . If you are using another network, you need to switch to the network NFTEA currently supports via your wallet.

(1) NFTs () on Polygon as the underlying

Jump to to view transaction details

🚏
https://nftea.homes
Polygon mainnet
WorldCup2022 @Qatar
Polygonscan
https://www.nfteahouse.xyz/