# Smart Bidding

## Add Bid Task

1. Search a collection via Project Name / Contract Address
2. Select an offer type: **Collection Offer**, **Trait Offer**, **Custom Filter**

<figure><img src="/files/eSKrlCP6JCXJRvab21ab" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

#### Collection offer

You can make one offer that applies to all NFT items in one collection. A particular collection offer can only be accepted once and will expire for all other NFTs in the collection after being accepted.

#### Trait Offer

If the collection owner turned on the attribute-based collection offers, you’ll be able to select a specific trait and send a collection offer to all applicable NFTs with that trait.

#### Custom Filter

Bids will be placed item by item. Custom filter is slower than collection offers and trait offers, and is suitable for bidding on a small number of items with multiple filters.

## Bid Strategy Setup

#### Fixed Bids

With the "Fixed Bids" strategy, the system only uses your exact bid price.

<figure><img src="/files/S7rmSz08bNcpMcayaHPV" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

#### Dynamic Bids

With the "Dynamic Bids" strategy, the system will place your bid price based on your specified percentage of the floor price.

&#x20; e.g., Enter a percentage of the floor price. If you enter 60%, you will bid at 0.6 ETH when the floor price is 1 ETH, which is calculated as 1ETH \* 60% = 0.6ETH.

<figure><img src="/files/SExJUe0vcHUbq5NhBEtn" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

#### Stop Price

If stop price mode turned ON, it will stop submitting new bidding task when floor ≤ minimum price or floor ≥ maximum price you set.&#x20;

#### Competitive Mode

Competitive mode will check the highest bid of the collection offer before the task is submitted, and bids higher than the existing highest bidder for a small amount (0.00001), up to max bid price limit.&#x20;

The Competitive Mode currently only supports two bid types: **Collection Offer** and **Trait Offer.**

#### Auto Bid

If auto bidding mode is enabled, signs will be made automatically using the burning wallet you have selected. If auto bidding mode is NOT enabled, it will use your login wallet for manual signature.&#x20;

*Please DO NOT enter the private key of your main wallet, you can use a burner wallet or create a new wallet specifically for auto bidding.*

<figure><img src="/files/3lgzqDRHrQEksrKCMlpF" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

## Preview & Submit

<figure><img src="/files/yKS3i94VIzqlSxXsiALr" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

<figure><img src="/files/MtI2RhZ0XdxFvCIExxVL" alt=""><figcaption><p>NFTEye Smart Bidding</p></figcaption></figure>

## **FAQ**

#### **What is the bidding limit?**&#x20;

The minimum offer amount is $5 USD for ETH. You can have active offers for 1000x the balance of your wallet. If you have 1WETH in your wallet, the value of your all active bids can max be 1000WETH.&#x20;

#### How many bid tasks can I create maximum?

Unlimited.

#### Why can't I use trait offer when the collection has traits?

If the collection owner turned on the attribute-based collection offers, you’ll be able to select a specific trait and send a collection offer to all applicable NFTs with that trait. If not, you won't be able to use it.


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