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How to sell an SFT?

How to sell an SFT?

Selling Semi-Fungible Tokens (SFTs) on the EYECO platform involves a process that typically includes the following steps for merchants seeking funding: 

  1. Create an Account:

    • Start by creating an account on the EYECO platform. Provide the necessary information and complete the registration process.

  2. Verification:

    • After registration, you will need to go through a verification process. This step often includes submitting documents and undergoing compliance checks to ensure you meet the platform's requirements.

  3. Integrate Your System:

    • Before you can start minting SFTs, integrate your website or Point of Sale (POS) system with the EYECO platform. This ensures that all transactions at your business are reported to EYECO and recorded on the blockchain in real-time.

  4. Mint SFTs:

    • Now that your account is validated and your website is integrated with EYECO - you can begin the process of minting SFTs. Specify the details such as Sale Price, ROI, Maturity Time, give it a detailed description and the premium attached to each SFT.

  5. Listing on EYECO:

    • Your minted SFTs will be listed on the EYECO platform, where potential investors can discover and review them. Provide clear and accurate information about your business and investment opportunity. listing can be private (by invitation only) or public. 

  6. Smart Contracts:

    • EYECO uses smart contracts to automate profit-sharing from future sales. Ensure you understand how these smart contracts work and how they will execute the profit-sharing agreement.

  7. Transaction Execution:

    • Once an investor decides to purchase your SFTs, the transaction will be executed through the EYECO platform. The smart contract handles the transfer of SFTs to the investor, and the premium paid is received by you as the merchant.

  8. Record Transactions:

    • As a merchant, it's your responsibility to make sure the integration with EYECO system is up and all your transactions immutably on the blockchain. This data is essential for investors to make informed decisions and for smart contracts to function correctly.

  9. Ongoing Communication:

    • Maintain clear and open communication with your investors. Provide updates on your business's performance and any relevant developments.

It's crucial to follow EYECO's guidelines and policies throughout this process. Additionally, ensure compliance with legal and regulatory requirements related to blockchain and cryptocurrency transactions. By completing these steps, you can successfully sell SFTs on the EYECO platform and attract investors to support your business.