Collection Verification Process
NFT Trader offers that extra protective layer to help users certify if an NFT collection has been verified or not.
NFT Trader has introduced a new feature that helps verify a collection inside the platform and the ability to add new collections is delegated to the users.
This is an important step because it allows users to swap unlisted assets without waiting for the slow verification process from the previous version. But you might ask how we can keep a sufficient level of security level by allowing at the same time the delegation for the ability to add collections by users?
Our system has introduced an internal verification process for the collections. Users will be able to see the verification status by looking for the unique marked status icon placed in the bottom right part of a collection image.
We have introduced the following 3 levels of verification inside our platform:
A verified collection is a SAFE TO TRADE collection. This mark icon is given to the official collections only.
Not verified yet
A not verified yet collection is a collection under the verification status process. This means the platform hasn't verified yet if the collection is safe to trade.
A banned collection is a collection that is unsecure and unsafe. These collections are created by scammers and blacklisted by NFT Trader. It is not possible to make trades with the assets involved with these collections.