The register process consists on give yourself an Artistic Name, anyone can register into the NFTLatinoAmerica Collection, this implies the interaction with our verified contract NFTLatinoAmerica- deployed into the Polygon blockchain executing the function selfRegister(), the information given will be saved and never modified into the blockchain, for that reason you have to be sure of your Artistic Name selected.
When you create an NFTL and confirm the transaction using your wallet, you are interacting with our verified contract NFTLatinoAmerica- deployed into the Polygon blockchain using the function safeMint(), which can only be executed by a registered and active Crypto Artist, is important to know that if any account makes spam into the Collection it could be Inactivated to mint in our system.
Place for sale your NFTL implies the interaction with two contracts verified, established into the two steps:
The first one is the NFTLmarketPlace- using the function Set_NFT_value_Gwei() that save the NFT value given for sell and the percentage fee for resell in that moment (between 1% to 2.5%), this information will be fixed and it can be only modified by the NFT owner or approved operator and no one else.
The second one is the NFTLatinoAmerica-, in this contract just the NFT owner or approved operator will can execute the function approve() where gives permission to the contract NFTLmarketPlace- to resell the NFT to another account. The approval is cleared when the NFT is transferred.
When a NFTL is sold into the NFTLatinoAmerica market place the function buy_NFT_consigned() is called and executed by the buyer interacting with the contact NFTLmarketPlace-, just the NFTL consigned to resell will be available to buy and this function will transfer a percentage of the NFT value to the NFT Owner and a percentage of the NFT value to the market place it will be the percentage fixed when the function Set_NFT_value_Gwei() was executed, for example if you place to sell an NFT in 100 MATICs and the resell percentage fee is 1% as a owner you will receive 99 MATICs and the market place will receive 1 MATIC. In the end of the process the ownership of the NFT will be transfered to the buyer that just paid for it using the function safeTransferFrom() from the contract NFTLatinoAmerica- that just can be only executed by an owner or approved operator.
The NFT could be stop to sell by the owner or approved operator executing the function removeApproved() from the contract NFTLatinoAmerica-, this removes any account approved before through the approve() function.
The NFT price or value could be modify by the owner or approved operator executing the function Set_NFT_value_Gwei() from the contract NFTLmarketPlace-. The NFT value given for sell and the percentage fee for resell in that moment (between 1% to 2.5%) will be fixed and it can be only modified by the NFT owner or approved operator and no one else.
The gift consists in give away your NFTL to any other account using the function safeTransferFrom() from the contract NFTLatinoAmerica- that just can be only executed by an owner or approved operator, this transaction does not imply any value just pay for the gas fee.
The buying process is performed using the function buy_NFT_consigned() from the contract NFTLmarketPlace-, any account can call and execute this function just if it has the MATICs amount necessary to pay for any specific NFT on sell, ones this transaction is approved the payment is sent and the NFT is transferred to the Buyer or new owner, go to What happen when my NFTL is Sold? To read more details about the payment distribution and the NFT transfer process.