Xland Whitepaper
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OTC & Auction

OTC

In XLAND, we provide a convenient and free OTC trading feature that allows players to freely buy and sell XC and XP. You can trade XC by placing sell orders through the OTC interface, while for XP, you have the option to place buy or sell orders, providing you with more choices.

Here's how it works:

  • When purchasing XC through OTC, players will receive Guardian Growth Points (GGP) as a reward. The reward amount is calculated based on the quantity of XC purchased and the reward ratio.
  • Selling XC incurs a 1% transaction fee.

Auction

In XLAND, we offer an exciting auction feature that allows players to auction their precious NFTs. You can set appropriate parameters such as the starting price, listing duration, and bidding rules according to your personal needs.

Bidding Methods

Percentage Bidding: The bidding increments are set at 5%, 10%, 15%, 20%, 25%, and 30%. Each bid reduces the listing duration by 1 hour until the countdown timer reaches zero.
For example: Starting price is 10 USDT, bidding increment is 10%. The first bid is 10, the second bid is 11, the third bid is 12.1, and so on. Each bid reduces the listing duration by 1 hour until the countdown timer reaches zero. The last bidder wins the auction.
Mortgaging XC: (Starting with a 100% XC collateral, if no bids are received within 24 hours after listing, deduct 10% XC and convert it to GGP at a ratio of XC:GGP = 1:100.)

How to participate:

  • On the auction settings page, set parameters such as the starting price, listing duration, and bidding rules.
  • Bidders can choose the percentage bidding method according to their preference, and each bid reduces the listing duration by 1 hour.
  • During the auction, 1% of the bid premium from each bidder is rewarded to the previous bidder.
  • 5% of the final transaction price is charged as a platform fee, 3% goes to the direct referrer, and 2% goes to the indirect referrer.

Here's how it works:

  • The starting price for the auction is the minimum bidding price for the NFT, and bidders need to place bids higher than or equal to the starting price.
  • The real-time price of XC is also used as the collateral pricing for NFT auctions on XLAND.
  • The listing duration determines the duration of the auction. If no bids are received within 24 hours of listing, the NFT will be delisted.
  • If there are no further bids within 24 hours after the last bid, the NFT will be immediately sold without waiting for the countdown timer to end.
Last modified 3mo ago