# Create an NFT English auction

### How to c**reate an NFT English auction**

1\. Visit <https://app.bounce.finance/> and select **NFT auction house** on the left top corner.2. Click create **auction** button and the selection window pops up.3. Select **NFT English auction** and click **confirm** to go to the create a fixed swap pool page.4. The pool settings page consists of two sections.

<figure><img src="https://841106785-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MMLqjlwAt55S1SFAMyt%2F-MMeH8oEehxWCqSA-mfk%2F-MMeHeqpa1wCMwGECUPb%2FScreenshot%202020-11-21%20at%2011.12.35.png?alt=media&#x26;token=3518dc77-b44f-446f-a792-3670badf108f" alt=""><figcaption></figcaption></figure>

**The contract information section:**

<figure><img src="https://841106785-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MMLqjlwAt55S1SFAMyt%2F-MMolAbl1IrH1XHWIQIF%2F-MMolUR9xf8WyO69f8gL%2FScreenshot%202020-11-23%20at%2012.03.23.png?alt=media&#x26;token=597afa21-bb73-443a-b46c-59a7239bdc94" alt=""><figcaption></figcaption></figure>

* **Token type:** select ERC721 or ERC1155. Find the token type on <https://etherscan.io/>​
* **Token contract address and token ID:** find the token contract address and token ID on [Etherscan](https://etherscan.io/) or <https://opensea.io/> (connect with Metamask or any other eligible wallet)

The NFT content will be automatically queried from [Etherscan](https://etherscan.io/).

**The pool settings section:**

<figure><img src="https://841106785-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MMLqjlwAt55S1SFAMyt%2F-MMolAbl1IrH1XHWIQIF%2F-MMolxGbUt9ETo3LY3Xc%2FScreenshot%202020-11-23%20at%2012.05.28.png?alt=media&#x26;token=b65a1b33-25e9-4654-a600-6a375e4dc735" alt=""><figcaption></figcaption></figure>

* **From:** is auto filled after entering the contract address
* **To:** the currency to receive for the auctioned assets. On the Ethereum network the options are ETH and USDT. On Binance Smart Chain the options are BNB and USDT.
* **Starting price (floor price):** the lowest price to start bidding on the NFT
* **Pool name:** for participants to identify the auction on the Bounce homepage
* **Bid confirmation period:** the time that the auction will be available. With every new bid, the confirmation period restarts.The period ends when the highest bid gets no more higher bid within this time window.
* **Minimal bid price increment:** the minimum price increase to bid from the last highest bid
* **Participant:**
  * **Public** opens the auction to everyone,
  * **Bot holders** opens the auction to users who hold at least 0.5 bot in their wallet
  * **Private** opens to exclusive users or groups secured by password

5\. Once all parameters are entered, click the **launch** button and approve the transaction in Metamask (or whichever wallet used). Two transactions are needed to launch the auction:

* Approve spending limit:

<figure><img src="https://841106785-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MMLqjlwAt55S1SFAMyt%2F-MMR6K1b4DCSWZu_BMsP%2F-MMR8fwoj4QwB-0zJG_C%2FScreenshot%202020-11-18%20at%2017.16.52.png?alt=media&#x26;token=c70106d6-6e80-4f4f-9dd9-811033e3941e" alt=""><figcaption></figcaption></figure>

* Approve Contract interaction:

<figure><img src="https://841106785-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MMLqjlwAt55S1SFAMyt%2F-MMR6K1b4DCSWZu_BMsP%2F-MMR9MC_MZzikmUIpQiM%2FScreenshot%202020-11-18%20at%2017.21.33.png?alt=media&#x26;token=1efac890-122a-4fc2-adb4-2d9217175bf9" alt=""><figcaption></figcaption></figure>

*If a transaction error with very high gas fee (usually over 200 USD), appears please do not proceed and go back to the parameter page to check if everything is entered correctly.*[Bounce NFT auctions - PreviousNFT English auction](https://docs.bounce.finance/bounce-nft-auctions/nft-english-auction)[NextParticipate in an NFT English auction](https://docs.bounce.finance/bounce-nft-auctions/nft-english-auction/participate-in-an-nft-english-auction)<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.bounce.finance/user-guide/nft-english-auction-guides/create-an-nft-english-auction.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.