The deal is simple: you will guarantee the selling of the NFT, even if no buyers bid on the item, and profit even in a bear market by doing it so.

Why is that good for you? Because no matter what, you have a chance of making money out of it. How big is your chance? That depends on you, and how wisely you place your bids and upsells.

How do I profit?

1. An NFT is offered to you by a seller.
2. You, the guarantor, decide the minimum price you will be willing to buy that NFT. We call this price a guarantee bid, since you will be bidding against other liquidity providers or guarantors for that NFT.
3. You also decide the upsell (%) that you will receive after the auction. Meaning once the item is sold on the auction for more than the guaranteed price, you’ll profit from the difference.
4. The seller chooses your offer (guaranteed bid + upsell), and the item is put to auction.
   1. If the NFT is sold: you receive your guaranteed bid back AND profit from the upsell.
   2. If the NFT is NOT sold: you buy it for a low price. You can later resell that NFT and you’ll profit from the difference.

This way, even in a bear market, you can profit. If you send bids that make sense for you in a scenario where you can resell the NFT, profit is most likely to happen.

We’re even working on a feature where we will sell the NFT automatically for the floor price for you. When that happens, you’ll make money even faster.