General FAQ
What is PlaNFT?
PlaNFT, a platform to create, trade, and utilize NFT with social features, was established by Pioneer3 Innovation Labs Pte. Ltd in 2022. KOL can define customized protocols on the platform and build the follower community with NFT.
The final mission of PlaNFT is to introduce billions of internet users to the Web 3.0 age, where data is owned and benefits primarily the content providers.
How does PlaNFT charge service fees？
For users who trade NFTs on Polygon and the transaction value exceeds $5, PlaNFT will refund the fees.
PlaNFT charges 2.5% of the sale price in the following sale method.
Fixed price
English Auction
Dutch Auction
What are royalties?
The royalties are set by the NFT creator while minting. The NFT creator will receive corresponding royalties income when each NFT owner sells the NFT.
What blockchain does PlaNFT support?
PlaNFT currently supports Polygon, Ethereum & BNB Chain with cross-chain interoperability.
We also plan to support more chains such as Solana, Avalanche, and Layer2 network of Arbitrum One, Optimism in the future.
How do I find my transaction hash?
Typically, a transaction status page with the TxID will automatically show up after sending the PlaNFT transaction.
Users can also check the status of a transaction by searching the contract address in the corresponding blockchain browser.
The difference between ETH and WETH(wrapped ETH)
What is ETH？
Ether (ETH) is the native currency of the Ethereum blockchain, used to pay Ethereum gas/transaction fees, etc., so that miners can be encouraged.
What is WETH？
WETH (Wrapped Ether) is the ERC-20 compatible version of ETH.
ETH had been developed before the ERC-20 standard was established, so the original format of ETH is not compliant with its ERC-20 standard.
So it needs to be wrapped into an ERC-20 compliant WETH so it can be used in multiple bids.
Wrapping an ETH into a WETH does not affect its value, 1 WETH is always equal to 1 ETH.
The same principle applies to wrapping MATIC to WMATIC and wrapping BNB to WBNB.
WETH and ETH, which one should I use on PlaNFT?
PlaNFT supports both ETH and WETH.
Users can use ETH and WETH in PlaNFT to purchase NFTs with fixed prices, or they can use WETH to make multiple offers to multiple NFTs.
What are the gas fees on PlaNFT?
On PlaNFT, there are five cases where GAS fees are required.
1. Unwrapping wETH into ETH
2. Purchasing NFT with a fixed price
3. Accepting offers from buyers / Delisting
4. Sending NFT
5. Creating NFT
Placing a bid on NFT will not cost any gas fees.
Wallet Binding Problem(Faq)
I have connected my traditional wallet (Metamask) with PlaNFT. Now I switch to a different address within the wallet. Why isn't the address bound with PlaNFT switched simultaneously?
This problem usually pops up when you add an account to the traditional wallet by importing a private key. Every account corresponds to an individual blockchain address. After importing the private key, you can take the following steps to ensure the connection of the new account (address) to PlaNFT.
Step 1: Within your traditional wallet, switch between the multiple accounts and return to the account you want to connect to PlaNFT.
Step 2: You can see a connect button displayed below that account in your wallet. Click the connect button and bind this account with PlaNFT.
Why are my NFTs not found in My Assets?
Usually, it will take a few minutes for PlaNFT to scan the NFT right after being transferred to the user's wallet.
If your NFTs on blockchain won’t show on PlaNFT, you can contact our staff for help, and our technical team will solve your problem at once.
Send NFT to another address
Users can easily send NFTs to another wallet address by clicking Transfer on the My Assets page and inputting the address of the receiving wallet.
Why can't I log into PlaNFT via Avatar Wallet/ Traditional Wallet?
Traditional wallet users need to change their login password through Secret Recovery Phrase (Metamask for example). If there is a risk of theft of your secret recovery phrase, you should transfer your assets ASAP. While Avatar Wallet users only need to change their Google account password through another verification method such as email and try again later.
If you still can't log in after trying, create a supporting ticket at our discord, We will do our best to solve this problem for you.
What are the differences between traditional crypto wallets and Avatar Wallet?
Most traditional crypto wallets are EOA wallets. They are wallets that users have to back up the wallet’s seed phrase, otherwise, they will lose their accounts and funds once the phrase is lost. Such wallets require the installation of a web extension or downloading a Dapp, which makes the process cumbersome and greatly hinders web2 users from entering the web3 world.
Avatar Wallet is a smart contract wallet and it solves the private critical problem through EIP-4337 and OAuth protocols and by utilizing account abstraction. Avatar Wallet is the first decentralized wallet using EIP-4337 technology, and with OAuth protocol, Avatar Wallet allows users to log in directly with their Google accounts. Users no longer need to install browser extensions or download Dapps, recreate wallets, and complete other cumbersome operations.
What is the zero-fee NFT transaction?
Many NFT trading platforms charge over 2% fee on each transaction, but PlaNFT insists on transaction fees rebate. For users who trade NFTs on Polygon and the transaction value exceeds $5, PlaNFT will refund the fees, which truly is a zero-fee transaction.
What is aggregated NFT trading?
The inspiration for the NFT aggregator comes from DeFi. It aggregates the liquidity of multiple NFT markets, which can improve trading depth and trade-match efficiency. PlaNFT aggregates the NFT liquidity of OpenSea and LooksRare. With the feature of on-chain real-time scanning, users can browse and buy all the NFTs listed on OpenSea and LooksRare on the pages of Marketplace or Ranking on PlaNFT.
There are two bidding methods: Make Offer and Buy Now. Moreover, the platform has an independent Make Offer transaction mechanism. When a buyer places a bid, the seller can see all the bidding prices in the Offers section. If they are satisfied with a particular offer, they can simply click "Accept" to clinch a deal. As a result, transactions are smoother and more user-friendly.
What are the advantages of aggregated NFT trading?
Increase transaction efficiency. It aggregates liquidity from multiple NFT markets, deepening trading and improving trade-match efficiency.
Save gas fees. PlaNFT optimizes NFT aggregated trading from macro architecture to microcode level, achieving the lowest gas consumption for all transaction protocols. PlaNFT also supports bulk listing and all NFTs can be sold in a package with only one gas fee charged.
Find lower floor prices. PlaNFT provides an NFT floor-sweeping tool that allows users to quickly select and find lower floor prices among a multitude of NFTs, sorting by the time of listing, price from low to high or high to low, and highest sales, etc.
How did PlaNFT technically optimize the aggregated trading?
Compared to other NFT aggregators, the most significant advantage of PlaNFT is its extensive optimization of gas consumption and response speed. The PlaNFT team focuses on optimizing gas consumption primarily from two aspects: contract code optimization and intelligent routing algorithms.
Contract code optimization:
Quantify the contract addresses of mainstream NFT marketplaces to reduce access to contract storage space;
Reduce the dependence on external libraries and the frequency of cross-contract function calls;
Use assembly language in core functions, which is more efficient than Solidity.
Intelligent routing algorithm:
Classify NFT collections according to their functional attributes and select the best smart contract entry function through intelligent routing algorithms;
Optimize all entry functions to reduce loops, environment analysis, branch predictions, etc.
Glossary
Collection: A group of NFTs with similar themes or styles.
Floor price: The lowest price of the NFT in the same collection.
Smart Contract: A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally-relevant events and actions according to the terms of a contract or an agreement.
Blockchain: a publicly-accessible digital ledger used to store and transfer information without the need for a central authority. Blockchains are the core technology on which cryptocurrency protocols like Bitcoin and Ethereum are built.
Bridge: a protocol allowing separate blockchains to interact with one another, enabling the transfer of data, tokens, and other information between systems.
Txn Hash: Short for transaction hash, or transaction ID. This is a unique identifier used to represent a specific transaction, written as a long string of letters and numbers. By pasting a Txn hash into a block explorer like Etherscan, you can find the details of the transaction it represents.
GAS: A fee paid by a user to conduct a transaction or execute a smart contract on the Ethereum blockchain. This fee is dependent upon the transaction’s complexity as well as the current demand on the network.
Royalties: The NFT creator sets up the royalty as a percentage ranging from 0-10% during the minting or mystery box creation process. In a transaction, that percentage of the proceeds is credited to the NFT creator.
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