HOW CAN YOU BUY A SOULY AFTER IT WAS SUSPENDED FOR 24 HRS?
When a collector wins the auction and buys the Souly of the day, it automatically goes to the marketplace where secondary sales can take place.
Once a Souly enters the marketplace, bids for secondary sales are valid for 24 hrs.
You can bid on any artwork for 24 hrs. If a bid is not accepted within that time frame, funds will be returned to your wallet. A higher bid triggers a new 24-hour process.
WHAT ARE THE DIFFERENT PAYMENT METHODS I CAN USE TO BUY SOULS ON SUSPENDED SOUL?
At the moment you can only buy at Suspended Soul with Ethereum.
HOW DOES SUSPENDED SOUL WORK?
Suspended SOUL© is a curated marketplace where artists can only submit their work during the application period. Applications will be exclusively open for a week every 30 days. Our curation team will evaluate each submission. If accepted, the work ...
WHAT IS SUSPENDED SOUL SALES COMMISSION RATE?
PRIMARY MARKET Artists received 85% of the sales price. Suspended SOUL© charges 15% of the sales price as a commission. SECONDARY MARKET Artists receive 10% royalty from the secondary market’s total sales and these are paid by the collector who sells ...
WHAT IS A SOULY?
We believe that every true artist leaves a part of their soul in each of their artworks. Here, these souls are up for bids. Artists can submit their souls only during Sign-Up Week. So basically, “Souly” is the token’s name.
WHAT HAPPENS IF A SOULY HAS NO OFFERS THE FIRST TIME AROUND?
Every Souly will only have ONE opportunity to be sold. If a Souly gets no bids, the token will be burned and displayed in the “burned” section.