Q: In the fees charged by Tropix, why is there a difference between artists who pay the gas or not?

Tropix offers the option to pay the gas fee to make the platform more accessible while minimizing costs for artists. We take all the risk, which is why we charge a slightly higher commission when the work is sold. Gas prices fluctuate according to the exchange rate and NFT contract type. We always inform artists of the current gas rate before making an agreement on who will pay the rate.

Question 1

What is NFT?

Accepted Answer

NFT stands for “non-fungible token”. Creating an NFT is a way of registering and securing exclusive ownership of a work of art, music or other digital file using blockchain technology.

Once registered, it can also be traded using cryptocurrencies.

Question 2

Why does Tropix partner with galleries?

Accepted Answer

Contrary to other NFT platforms, Tropix wants to invest in collaboration with galleries. We want to strengthen the existing market, bringing technology and innovation to the environment.

Our objective is to extend the professional relationship to a new universe, where the interests, rights and autonomy of the artist are firmly guaranteed.

Question 3

In the fees charged by Tropix, why is there a difference between artists who pay the gas or not?

Accepted Answer

Tropix offers the option to pay the gas fee to make the platform more accessible while minimizing costs for artists. We take all the risk, which is why we charge a slightly higher commission when the work is sold.

Gas prices fluctuate according to the exchange rate and NFT contract type. We always inform artists of the current gas rate before making an agreement on who will pay the rate.

Question 4

Why are the cryptocurrencies on Tropix Ethereum and MATIC?

Accepted Answer

Ethereum is currently the most used, stable, and secure cryptocurrency in the NFT market. But due to its high gas value (transactional fee to register an NFT on the network), MATIC (Polygon) emerged to make the NFTs market more accessible and scalable, in addition to being an Ethereum-supported currency it can run on ERC-20, same contract worked by Ethereum, making them interact with each other.

Question 5

Will there be a minimum price set for the auction?

Accepted Answer

No. But it is a possibility if the artist wants to set a minimum value for the work.

Question 6

Is there any prior value for participating in Tropix?

Accepted Answer

No. Tropix only receives commissions when a work is sold.

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