3.5 Launch of NFTs (Offering Process) and Transactions in this Process
a) NFTs are launched exclusively by the Fexse platform in accordance with the timing and methods determined by the Fexse platform. This process includes the initial offering of the relevant NFTs to investors and the commencement of trading on the platform.
b) The Offering Process begins when the Fexse platform makes NFTs available for sale for the first time, and:
Ends automatically when the sale of all NFTs is completed,
Or when Fexse unilaterally declares the termination of the Offering Process,
Even if the sale of all NFTs has not been completed, the process may be terminated through Fexse's unilateral notification.
c) The only seller of NFTs during the Offering Process is the Fexse platform. Users can only participate in the initial offering process through the platform.
3.5.1 Terms of Purchase
‘First come, first served’
method is applied in the Supply Process.
Purchase requests made by investors are evaluated according to the order of application.
The transaction is executed if the requested NFT quantity is in line with the available supply.
In case of insufficient supply, the transaction will not take place.
3.5.2 Ownership of NFTs and Lockdown
NFTs purchased in the Offering Process are owned by the investor from the moment of purchase.
However, NFTs are closed for sale or transfer until the Offering Process is completed.
Last updated
Was this helpful?