As an NFT supplier on FROMO, you can secure guaranteed liquidity for your rare and unique NFTs at fair market prices. This guide explains the process in detail.
Benefits for NFT Suppliers
- Guaranteed Liquidity: Receive liquidity for your NFT within a set timeframe
- Fair Market Price: Obtain liquidity at prices that reflect your NFT’s true value, not just floor price
- Fee Distribution: Receive 50% of all key minting fees from your game
- Reserve System: Your NFT can be redeemed at 110% of final price, creating potential upside
Step-by-Step Process
1. Bid for a Game Slot
- Game slots open periodically, announced on our Discord and Twitter
- When bidding opens, you can submit your bid to secure a slot
- Bidding requirements and minimum bids will be specified for each slot
- Winning bids are selected based on predetermined criteria (e.g., highest bid, project quality)
2. Stake Your NFT
- After winning a bid, you’ll be prompted to stake your NFT
- Connect your wallet and approve the transaction to stake your NFT
- This initiates your FROMO game, making it visible to players
3. Monitor Your Game
- Track your game’s progress on the FROMO dashboard
- Watch as players mint keys and your potential liquidity grows
- Games run for a set period (typically 24 hours)
- No further action is required from you during this phase
4. Claim Your Liquidity
- Once the game concludes, your liquidity will be available to claim
- You’ll receive 50% of all key minting fees generated during the game
- Connect your wallet and initiate the claim transaction
- Funds will be transferred directly to your wallet
5. NFT in Reserve Pool
- After the game, your NFT moves to the FROMO reserve pool
- It can be redeemed by anyone using $OMO tokens at 110% of the final game price
- If redeemed, you’ve already received your liquidity
- If not redeemed, your NFT remains in the reserve pool, continuing to increase in redemption value as $OMO price grows
Best Practices
- Choose Unique NFTs: NFTs with rare traits or unique properties tend to generate more interest
- Promote Your Game: Share your game with your community to increase participation
- Timing Matters: Consider market conditions when bidding for game slots
- Understand Valuations: Have a realistic understanding of your NFT’s market value
FAQ for NFT Suppliers
Q: How is my NFT valued?
A: Your NFT’s value is determined by the market through key minting activity during the game.
Q: Can I withdraw my NFT once the game starts?
A: No, once staked and the game begins, your NFT remains in the game until conclusion.
Q: What if no one mints keys in my game?
A: All games have minimum liquidity guarantees to ensure you receive some value. Details vary by game slot.
Q: Can I supply multiple NFTs?
A: Yes, you can bid for multiple game slots, but each game requires a separate bidding and staking process.
Ready to supply your NFT? Check our Getting Started Guide for the initial setup process.