Getting Started

Loopz will bring new functionalities into the platform and the ecosystem. We will update this guide once everything will be setup properly. This guide is related to the current platform functionalities.

Introduction to NFT Trader (Loopz)

NFT Trader (Loopz), is a trustless peer-to-peer (P2P) trading protocol designed specifically for Non-Fungible Tokens (NFTs). By leveraging the security and transparency of blockchain technology, NFT Trader allows users to trade NFTs directly with each other without the need for intermediaries. This decentralized approach ensures that all trades are secure and immutable, providing a reliable platform for NFT enthusiasts and collectors. The focus on community and security makes NFT Trader (Loopz) a preferred choice for both seasoned traders and newcomers to the NFT space.

Setting Up Your Wallet

To begin trading on NFT Trader, you'll need a compatible cryptocurrency wallet. The platform currently supports several popular wallets, including Metamask, Coinbase Wallet, Wallet Connect, and Fortmatic. These wallets provide a secure means of storing your NFTs and facilitate seamless transactions on the platform. Setting up a wallet is straightforward—simply download the wallet app or browser extension, create an account, and ensure it is funded with sufficient cryptocurrency to cover transaction fees. Once your wallet is set up and connected to NFT Trader (Loopz), you can start exploring and trading NFTs with ease.

Making Your First Trade

Trading on NFT Trader (Loopz) is designed to be user-friendly. Start by visiting the "How To Trade" guide on the website for detailed instructions. To initiate a trade, browse the available NFT collections or list your own NFTs for trading. If you can't find a specific collection, you can manually add it using the Collection Address. When you're ready to trade, follow the prompts to propose a deal, and wait for the counterparty to accept. Throughout the process, it's important to monitor gas fees and set an appropriate amount based on current prices, which can be checked on EthGasStation. With these steps, you’ll be well on your way to successfully trading NFTs on NFT Trader (Loopz).

Social Trading Experience

NFT Trader (Loopz) also offers a social trading experience where users can create posts to express their preferences for NFTs or collections they want to trade. This feature allows users to publicly declare their trading interests, facilitating connections with potential trade partners without revealing their wallet addresses. By enabling users to engage in discussions and negotiations in a secure environment, NFT Trader (Loopz) fosters a more interactive and community-driven trading platform. This social aspect not only enhances the user experience but also helps build a vibrant and active community around NFT trading.