Goldenchichi

Posted on Jun 16, 2022Read on Mirror.xyz

A guide to X2Y2's utility

Author: @lanxing4

Translator and editor: @Goldenchichi1

Original article: X2Y2的功能详解合集

X2Y2 is the second biggest NFT exchange platform on the ETH blockchain. The trading fee rate is only 0.5% in June, and both buyer and seller are rebated with X2Y2 tokens trading on the exchange. Recently, X2Y2 has an average trading volume of over 10k E and has already launched several innovative NFT trading functions, such as bulk listing and purchase, built-in rarity sniper, OTC trading, etc. X2Y2 is backed by a responsive and humble team and a united community. This article aims to exhibit these functions.

1. Bulk listing on X2Y2

Listing 20 NFTs on X2Y2 only takes about a minute with the bulk listing function, while it takes much more time on other platforms.

Enter the X2Y2 official website ( x2y2.io ), then connect your wallet and ensure it is in the Ethereum Mainnet network. You can set your username and portfolio picture by clicking the right-top wallet icon. After that, click the icon again, and you will see a menu slides out as shown in picture below.

Click “Bulk Listing”

There are three more steps to go. Firstly, you need to approve the wallet for listing (costing several bucks of gas fee). Secondly, fill in the price and click “List.” Finally, sign the signature request pop-up, and you are all set! You need to approve each collection once only.

2. OTC trading

You can benefit economically from X2Y2’s OTC trading function, a private negotiation channel allowing on-chain trading without royalty and transaction fees. @franklinisbored, an influencer with more than 110k followers, traded his Doggo with OTC.

Enter the X2Y2 official website ( x2y2.io ), then connect your wallet and ensure it is in the Ethereum Mainnet network. Click your icon, let the menu bar slide out, and then click “My Items.”

Choose the collection you want to trade.

Click “Fixed Price.”

Fill in the price and the private sale address, then click “List.” Only the address you filled can buy the NFT with the pre-approval cost.

Sign both the “Approve NFT” and “Complete Listing.” You need to approve each collection once only (costing several bucks of gas fee).

When the designated buyer enters the X2Y2 official website ( x2y2.io ), a private sale message will automatically pop up. Click the “Buy Now” bottom, and the OTC trading is finished.

3. Bulk purchase on X2Y2

Akin to commonly seen “carts" on online shopping websites, you can purchase a bunch of NFTs with the cart function on X2Y2. You can save up to 40% on gas fees by using this function.

Enter the X2Y2 official website ( x2y2.io ), then search the NFT you want to buy by contract address or collection name (beware of scams). Take Otherdeed for Otherside collection as an example. You can see the “Add to cart” bottom below when you move the mouse to the NFT. You can add NFTs to you cart by clicking the “Add to cart” bottom.

You can then click the top right cart icon (left side of your icon) to see what items are added to the cart. Make sure you have enough ETH and WETH before check-out!

4. How to check royalty on X2Y2

The rate of royalty is set and owned by the project party.

Enter the X2Y2 official website ( x2y2.io ), then search the NFT you want to buy by contract address or collection name (beware of scams!). With this, take the official X2Y2 NFT project Ajin as an example. Since I want to buy no.823 Ajin Youth Rebel, click into the NFT, and I can see more details.

The “Properties,” “Offer,” “Bids,” and “Info” are shown on the left-hand side. You can see the contract address and royalty under the “Info” column. As seen in the picture below, the royalty of Ajin is 5%, and you will see “no set” if the royalty is 0%.

5. Claiming rewards on X2Y2

Enter the X2Y2 official website ( x2y2.io ). You can see the “Rewards” bottom on the top menu bar and the number of rewarded X2Y2 as shown in the pic below.

By clicking the “Collect” bottom, you can claim the reward.

6. Checking rarity ranking on X2Y2

Usually, a rare NFT can be sold at a higher price, and thus traders find X2Y2’s rarity ranking function useful to see which NFTs are rare in a collection. You can see all X2Y2 official rarity ranking, trait sniper ranking, and rarity sniper ranking are combined in X2Y2.

Take Otherdeed for Otherside #60018 as an example. You can see the rarity ranking pointed by the red arrow below.

By clicking the Trait Sniper with a diamond icon will jump to its page. As shown below, #60018 is ranked 6085 with the Koda trait, no Koda weapon but has Koda cloth. The floor price is 27 E.

You can also see details of the ranking on X2Y2.

The same comes to Rarity Sniper. You will jump to its page and be able to see trait details by clicking the icon.

7. How to bulk transactions on X2Y2

You can use the bulk transaction function on X2Y2 to send numerous NFTs to another address.

Enter the X2Y2 official website ( x2y2.io ), then connect your wallet and ensure it is in the Ethereum Mainnet network. Click your icon and let the menu bar slides out, and then click “My Items”.

Tick the “Bulk” box and choose which NFTs you want to send out. After that, click the “Send” bottom.

A window showing all chosen NFTs will pop up. copy and paste the designated address to the volume and click “Send.”

Finally, another window asking for approval will pop up. Click the “Approve” bottom and confirm the order in your wallet. currently, this function only supports bulk sending of the same collection. If you want to send different collections to another address, you need to repeat the above steps.