It can get a bit confusing on when DAI or PALM is necessary and their purpose. In this article, we'll break down exactly what is necessary for a buyer/seller to buy/sell their NFT on Nifty's.
What exactly is needed to buy/sell?
- For the seller to sell, the user must have a small amount of PALM to cover the Gas fee on the seller's side of their transaction.
- For the buyer to buy, the user must have a small amount of PALM to cover the Gas fee on the buyer's side of their transaction.
Were users receiving PALM for free to handle these transactions mentioned above?
To answer: yes! Users won't need to worry - everyone will be given free PALM, and later on, will continue to be topped up when needed.
The most important aspect - there is no need for any user to buy PALM tokens. Nifty's will handle this.