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IMXGold Bots
Selling with IMXGold Managed Listings is Easy
Select cards you'd like to sell in either the Bulk Trade Tool or the Gods Unchained page.
Choose the right strategy for your situation to sell your assets from Fast, Smart, Safe, or Hodl.
Wait for the card to sell. When it does, ETH is transferred back to you minus a 1.5% fee.
FAQ
Is IMXGold decentralized?
Many aspects of the IMXGold site are decentralized. If you place an order by Manual Listing, this works the same as any other IMX market place and IMXGold never has custody of your assets. If you place an order by a Managed Listing, IMXGold bots have custody of your assets for the duration that they are managing your listing. This is similiar to a typical exchange setup, where the exchange has custody of assets, except that all IMXGold activity is limited to four published addresses (one for each bot), so all actions the bots take are completely transparent. All interactions with the bots are done on-chain, so there is a complete record of transferring, listing, selling, and canceling your assets with the bots.
What are the fees for using IMXGold Managed Listings
IMXGold charges a 1.5% platform fee for all listings, manual or managed. The protocol fee and royalties are not controlled by IMXGold are determined by the collection owner. There is a small fee to cancel.
Can I cancel a listing?
Yes, go to the My Listings page and click the cancel button or to the trade window and click on your listing to cancel it. There is a small fee (between 0.00001 and 0.0001 ETH) to cancel.
Why is there a fee to cancel?
The fee encode exactly which listing you wish to cancel and since it is signed by the originating wallet, it ensures that only the owner can cancel a listing. This does two things: first all interactions with the bots are on-chain, and second, since there is a small cost of a few cents, this helps prevent spamming the bots.
What are the risks for using IMXGold Managed Listings
As with any custodial service, there are risks. If our bot private keys were compromised, a malicious actor could transfer all cards on the bots to their own addresses. Someone could find an exploit in how the bots price cards, causing them to be sold for lower than expected. There could be an error in the upstream data we get from the IMX APIs that we use to price the assets. You are never risking more than what is currently held by the bots. Please do not transfer more value to the bots than you are willing to lose in the worst case scenario. If you are concerned about risk, just list a small amount at a time, wait for them to sell, then list more.
How do the bots determine what price to list at?
All bots - if a card is transferred to any of the bot addresses (no matter how) they will list the card according to their algorithm. When sold, the ETH will transfer back to the address that sent the card. Normal GU fees (1% to 5%) plus the IMX protocol fee (2%) plus our fee (1.5%) is charged to the buyer. All bots have protections against price manipulation.
Fast - will try to keep the card listed at at the lowest market price. Looks at both the current listings and the price history to set the listing price, without going below a safe minimum. Due to the protections against price manipulation it won't always be at the lowest price, but it will almost always be lowest or second lowest.
Smart - makes a tradeoff between pricing higher (and waiting longer to sell) and likelihood of selling. Typically sells just under a sell wall.
Safe - same as the Smart algorithm, but looks up the last ETH price this card was bought for, and won't sell for 3% total profit (inclusive of fees), based on that price. If the card was never bought (minted from a pack, fused) or if it wasn't bought for ETH, then it will behave exactly the same as Smart.
Hodl - same as Safe, but targets a 30% profit.
How long does each step of a Managed Listing take?
This depends on the volume for the asset and overall usage and activity of the bots. Right now it takes 15 to 60 minutes before a bot lists something for the first time after receiving it. It will take about that long for a cancel order to go through, or to send your address ETH after a sale. The bot takes every step more slowly for lower volume assets. If there is a lot of activity (for instance 10k's of cards are transferred all at once), the bots may slow down for a few hours but they will catch up. We are always optmizing the service to improve the speed and responsiveness of the bots.