Ad Space Purchase

Once you've selected your ad space, you can proceed with the purchase.

Purchase Methods

Here are the 3 available purchase methods:

1. Mint - Buy Now (Primary Market): This is the initial acquisition of a token from an offer, creating a new NFT on the blockchain at the same time.

2. Direct Purchase - Buy Now (Secondary Market): You can buy a token that has been relisted on the secondary market at a fixed price.

3. Enchères (Marché Secondaire) : Auction (Secondary Market): Participate in an auction to acquire a token. The highest bidder becomes the token's owner, while other participants receive their bid back with a bonus. A buyout price can be set for immediate purchase during the auction.

Mint - Buy Now (Initial Purchase)

On the ad space page, simply click the "Buy" button to proceed with the purchase.

You can complete the purchase using your crypto wallet. Payment by credit card is also available.

Direct Purchase - Buy Now (Resale)

Similarly, you can directly buy a token on the secondary market. This type of purchase is available for a limited time. In addition to protocol fees, royalties are paid to the original offer owner.

Auctions (Secondary Market)

Purchasing is done through a Bid to Earn auction system, offering you the opportunity to participate in an auction to acquire an ad space. This innovative mechanism used by SiBorg Ads provides a dual opportunity: not only can you attempt to win the ad space, but you also receive rewards even if you do not win the final auction. Here's how it works in detail:

• Auction Participation:

  • Users interested in acquiring an ad space participate in an auction, starting at the initial price set by the seller.

  • Each bid is recorded, and the amount is deducted from the user’s wallet.

  • A buyout option is available if the set buyout price is reached.

  
• Incentive Calculation:

  • Once a user places a bid, the system calculates the incentives they will receive if another participant outbids them.

  • These incentives are designed to encourage participation and compensate those who do not win the final auction.

• Overbidding:

  • If another user places a higher bid (at least 5% more than the previous bid), the original bidder receives a full refund of their initial bid along with the calculated incentives.

  • This process continues until the auction ends.

• Closing the Auction:

  • At the end of the auction, the ad space is awarded to the highest bidder.

  • Any overbids made within the last 15 minutes will extend the auction by 15 minutes to prevent front-running.

  • The final amount, minus incentives paid to other bidders, protocol fees, and royalties, is transferred to the seller.

This mechanism encourages participation while rewarding those who do not win the final auction.

Rental

(coming soon)