What is a Mystery Box and how to buy, sell and open it on Binance NFT Marketplace?
Have you ever received a gift package before? If the answer is yes, I can only guess all the possibilities that crossed your mind the moment you received it. The first question you probably had is, what’s in the package? I bet you’ll agree receiving gifts is very exciting! So how about experiencing this excitement on the Binance NFT platform? This time however, the situation is a little different, you will choose your own gift not knowing what is contained inside, this is where the excitement lies, what if the content of the box is a super rare non fungible token (NFT)!
WHAT IS A MYSTERY BOX?
Mystery Boxes are a unique collection of NFTs offered to users by Binance NFT. Mystery Box collections are available for pre-sale with Binance NFT. You can view the collections / projects to help you choose which box you want to purchase, that way you can get an idea of which NFTs are involved and therefore it is easier for you to understand the value of the NFT coming out of your Mystery Box.
About the Mysterious Boxes
- The Mystery Box contains a surprise NFT that only appears when you open the box.
- There are four types of NFTs that you can find: Very Very Rare (SSR), Very Rare (SR), Rare (R), Normal (N)
- Mystery box is a box containing a special random item. Buyers agree to pay a certain price for these boxes, the contents of which are unknown until the box is opened.
- You may be wondering why a person would want to buy such a product without knowing what will come out of it. The prospect of getting a special or rare product for a low price is quite exciting. Anticipation and curiosity attract buyers of all ages.
- You can also think of mystery boxes as an advanced level of chocolate surprise eggs, which you probably loved a lot as a child. From this chocolate egg, a toy or other surprise can be found within the plastic container inside the egg. Without cracking the egg and opening the plastic container inside, it is impossible to know what’ toy or surprise you’ll get. The toy may or may not be liked but it is the element of surprise that really excites everyone. Mystery boxes work in a similar way. The only difference is that there is no delicious chocolate coating, and the boxes are usually limited in number.
- NFT mystery boxes contain more than just artwork. Some blockchain games, such as Axie Infinity, DeHero and MetaMon, give their players rare in-game items with mystery boxes. These rare NFT assets can be characters, virtual plots, character views, or other collectibles.
HOW TO BUY A MYSTERIOUS BOX ON BINANCE NFT?
I wonder at what rarity NFT will appear! To get Mystery Box on the Binance NFT platform, you must have a verified Binance account. Trading of 3 crypto assets is allowed on the Binance NFT platform, these are BNB, BUSD and Ethereum.
If you want to purchase a Mystery Box, go to the Mystery Box page for more information. Explore Mystery Box Marketplace Now!
NFT MYSTERIOUS BOX AUCTION
- If the NFT mystery box you want to buy is in an auction sale, you need to make a bid. At the end of the auction, the highest bidder buys the box. You can see when the auction will end next to the bid price.
- Click [Make Bid] to place an offer. In some cases, you may also see a [Sell price]. That means you can pay that price to buy the mystery box instantly.
- Now, you can place your bid. Your bid must be at least higher than the previous bid by the specified minimum auction amount.
- After entering your bid, click the [Submit Bid] button to confirm.
- You will see a fixed price and a changeable quantity for each box. The selling price of the Mystery Box is fixed, so all you have to do is choose the number of boxes to buy.
- In the description of the product you can also see the possibilities of the different NFTs you can get. You can also find information about the number of NFTs available and the probability of getting out of the Mystery Box here.
- Select the number of Mystery Boxes you want to purchase and click the [Buy] button.
- An [Order Information] window will open asking you to confirm the details of your purchase. Click the [Confirm] button when you feel comfortable with the transaction.
After purchasing your Mystery Box, you can choose to open it right away or add it to your collection. Please note that Mystery Boxes are not returnable.
You do not need to open the mystery box immediately after purchase. You can open the mystery box at any time, or you can also sell the box without opening it at all. (According to your preference, you can sell the Mystery Box at the Sunday Place, or you can open the box and sell the NFT inside.
HOW DO I OPEN MY MYSTERIOUS BOX?
A little excitement, a little luck! In our previous videos, we have prepared a guide for you, our valued users, on how to purchase the Mystery Box.
- Go to [User Center] — [Assets] –[Mystery Boxes] — [Collections]. Then click on the Mystery Box you want to open.
- You will be redirected to the Mystery Box product page. Click [Click to Open] and then [Open Box].
- You can now see the NFT coming out of your Mystery Box. You can find the NFT in your Mystery Box collection.
HOW TO SELL A MYSTERIOUS BOX ON BINANCE NFT?
You can sell the NFT mystery boxes without opening them, or you can choose to sell the NFTs out of the boxes on the Binance NFT Marketplace. You can learn about the sale of a Mystery Box by watching the video below.
- Click the [List NFT] button on the product page.
- You will be redirected to the listing page. Click [Highest Bid] for the auction sale. You can enter the starting price for your listing in the [Minimum Bid] field. You can also add a [Sell Price] for direct purchases. Click on [Set Price] if you want to sell instantly without taking an offer.
- After that, you will see the [Price] field where you can choose how much you want to sell the NFT for. You can choose to receive payment in ETH, BNB or BUSD.
- Next, choose an end date for your sale. This date can be from 12 hours to 7 days from the time of listing. If you are satisfied with the terms of your listing, click the [Submit] button.
HOW WILL I UNDERSTAND THE MEANING OF THE NFT COMING OUT OF THE HIDDEN BOX!
You bought a mystery box and you wanted to open it, one of the certain rarity levels needs to appear inside the mystery box according to the collection you have chosen. Suppose instead of adding an NFT to your collection, you want to sell your NFT that comes out of a mysterious box. You can take advantage of Binance rarity levels to evaluate the value of NFT you have opened.
Binance carries out a limited number of rare NFT sales in order to fully understand the value of NFTs. As an example, the Mike Tyson Mystery box in the image above is available for sale at a limited price of 88 BUSD for 14,500 units. As we mentioned at the top of the article, you don’t have to open a mystery box. You can also sell it without opening it if you want. Mystery box pre-sales are completed in a very short time, as there is a lot of demand. That’s why you can put the mystery boxes you buy on pre-sale for sale at higher levels than the purchase price.
After opening the mystery box purchased in the sample image, a 4-level rarity NFT will be waiting for you. Suppose you are not a collector and you want to sell the resulting NFT . There is only a 0.23% chance that the SSR rarity NFT named Mike Tyson Diamond will come out of the mysterious box. Extracting an NFT at this level of rarity is an indication that this collection is very few and rare. Note that when you get an SSR rarity NFT, it is the most valuable NFT in the current collection.
When evaluating your NFT, do not forget to conduct research on the purchase price, rarity level and secondary market value. In this way, you can choose the right price for your right NFT.
Binance exchange is the most used and most preferred Crypto Currency, Fan Token, NFT and unique products platform in the world. Trading on the Binance NFT sunday brings advantages along with ease. Here are some reasons to use Binance NFT ;
- Here are some reasons to use Binance NFT
- Easy to Use (New user-friendly)
- High Standard Projects
- The Lowest Commissions
- Industry-Leading Liquidity and Volume
- Easy Deposits from ETH and BSC Networks
We wish you to get SSR rarity NFT out of the mystery box!