Binance is using the "fair way" to buy NFTs.
Buying non-fungible tokens (NFTs) for the first time is getting more and more difficult due to the growing demand. Due to limited supply and high demand, some NFTs were sold within seconds of being advertised.
In this case, the users who wish to purchase the new version have to wait until the previous owner decides to convert the NFT to a certain value, and therefore they have to pay more or not be able to receive the full NFT.
For this reason, Binance has introduced job postings to ensure that everyone has an equal chance of buying the most recent NFTs on the market. The registration of new NFTs in this industry limits the number of NFTs that each customer can purchase and goes through the customer selection process, allowing users to purchase NFTs.
Users wishing to participate in the sale of the NFT subscription mechanism must follow a four-step process: planning, registration, compilation and submission.
In the planning phase, users should maintain a minimum number of tokens that must be joined. Binance noted that the minimum entry requirement is determined by the developer or project that will perform the NFT sale.
Here are the subscription steps. At this point, eligible participants will receive an attendance ticket, and any restrictions on purchasing user tickets will be set by the NFT developer. The number of votes a user receives is the highest number of NFTs they can purchase. However, the user can choose to use the entire participation card or only some of it. Getting a lot of votes doesn't mean you get NFT. But it will make you more likely to make a purchase.
It then enters the counting phase. It includes a random selection that selects a winning ticket from all those who register. Participants can choose to purchase completed NFTs. The last step is distribution, where the sales take place.
It is undeniable that the growth of TVN has been very rapid in recent months. With global NFT revenues reaching $ 20 billion, many are predicting that NFTs will someday overtake Bitcoin.
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