Frequently Asked Questions (FAQs)

Find answers to common questions that users may have about the Polytrade Marketplace.

Here are some frequently asked questions to help you navigate our platform effectively:

1. What is asset wrapping on Polytrade?

When you wrap an asset, it’s securely encased in a Polytrade Smart Contract (SC), and you receive an ERC-6960 token. This token represents your ownership rights to the underlying asset and can be traded on the Polytrade Marketplace.

2. What do you mean by listing an asset for sale on the marketplace?

Listing an asset indicates your intention to sell it on the marketplace.

3. What happens when I relist an asset?

When you relist an asset, the price is updated on the marketplace, allowing potential buyers to purchase it at the revised valuation.

4. What do I get when I buy an asset on Polytrade?

When you buy an asset, you receive an ERC-6960 token. It might represent a fraction of the underlying asset, not the entire thing. Be aware that you could be purchasing a fractional share.

5. What’s the difference between buying an asset and buying a fraction?

Buying an asset means acquiring a whole or fractional ERC-6960 token, possibly representing the complete or partial ownership of the asset. Buying a fraction specifically refers to obtaining a partial share of an asset.

6. How does sending an offer work?

By sending an offer, you express interest in acquiring an asset at a particular valuation. Once approved, you can proceed to purchase a portion of the asset based on the newly agreed-upon valuation.

7. What if I reject an offer?

Rejecting an offer means you decline the proposal made by another user.

8. How do I accept an offer?

Accepting an offer indicates your agreement with the valuation proposed for the asset. Once approved, the buyer can purchase a portion of the asset based on this newly established valuation.

9. How can I add a wallet to my Polytrade account?

Adding a wallet allows you to include a new wallet address for tracking your Real-World Asset (RWA) holdings on Polytrade.

10. Can I unlink a wallet from my account? Yes, if you no longer wish to track your RWA assets with a particular wallet, you can remove it from your tracking list.