Marketplace

BLOCKCHAIN MADE EASY FOR EVERYONE

Fungible and Non-Fungible Assets

Cryptopia has fungible and non fungible assets that are represented by tokens. These tokens can be traded as follows:

• The fungible tokens can be swapped at any time at the Swap Marketplace.

• The non-fungible tokens (NFT) can be put up for sale at the NFT Marketplace, or can be sold via third party NFT auctions like OpenSea.

Fungible and non-fungible assets are represented by tokens, which can be traded in three ways:

Swap Marketplace

The fungible tokens can be swapped at any time at the Swap Marketplace. The trading engine will maintain prices for all-natural resources, materials, and products to CRT based on market supply and demand. If, for example, you want to swap iron ore for glass, it takes the price from iron ore to CRT and the price of glass to CRT and calculates the going ‘conversion rate’ for this swap.

• No risk for arbitrage since all prizes are calculated in CRT.

• No gas fees

• No frontrunning (‘jumping the line’ of people who want to buy a certain item by offering a higher transaction fee).

• All swaps are treated in a first-come, first-serve manner.

NFT Marketplace

The non-fungible tokens (NFT) can be put up for sale at the NFT Marketplace.

• The seller can choose among three pricing options: a ‘regular’ auction, a fixed price, or a Dutch auction.

• Bids can be placed in CRT. Actual sales will only take place once the seller agrees with the price offered.

• You can continue to use the assets in Cryptopia World while you are waiting for a buyer to offer the right price.

External Marketplaces

The non-fungible tokens can be sold via third-party NFT auctions like OpenSea. As there will be a bridge, NFT tokens may be traded at specialized 3rd party exchanges on the Ethereum blockchain, like OpenSea. A description will be available so people know exactly what in-game asset the token represents. Once the buyer uploads the newly acquired token in his/ her game wallet, it can be used in Cryptopia World.