Leasing
This document will provide detailed guidance on how to Lease NFTs so as for users to earn passive income.
NFT Owners can lease their NFTs to Players who want to rent them for a fixed amount of time and a fixed upfront agreed fees (one-time cost).
The Lessee will pay all the rental costs in advance, then have full rights over the Pass during the rental period. All the earnings from the rented Pass belong to the Lessee.
For Lessors
Before putting on Leasing, you need to deactivate your NFT.
You can lease as many NFTs as you want, but 1 NFT is only rented by 1 Player at a time.
Step 1: Connect your wallet
1. Go to https://marketplace.gemuni.io/marketplace
2. Choose “Connect Wallet”. You can connect either with “MetaMask” or “WalletConnect”.
MetaMask
If you don't have the MetaMask wallet yet, you can download it at:
Follow these instructions to create a MetaMask wallet and set up a Mainnet environment:
https://docs.binance.org/smart-chain/wallet/metamask.html
Insert the BSC Mainnet configuration network:
Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Connect your wallet again and click “Sign”.
WalletConnect
QR Code: Scan QR code with a WalletConnect-compatible wallet. You can use the MetaMask mobile app to connect.
Desktop & Mobile: Choose your preferred wallet from the list to connect.
Step 2: Put on lease
1. Go to “My Profile” page, then the “Leasing” section.
2. In the “For Leasing” tab, choose a Pass you want to lease. Click on “Put on lease".
3. Type your leasing information:
“Price” is the money you want to receive from your leased Pass every week.
“Min Duration” and “Max Duration" are the min and max times your Pass is available for leasing.
Then, click on “Complete” to put the Pass on the market. Confirm in your wallet to complete the listing.
4. Your Pass will appear on the “For Leasing” tab in the “Leasing” section on the “My Profile" page.
You can click on “Update” to update the leasing information or “Cancel” to remove the Pass from the listing.
“Update": You can update your leasing information (Price, Min Duration, Max Duration), then confirm in your wallet.
“Cancel”: You can cancel leasing, then confirm in your wallet.
Step 3: Check your leasing result
The Pass you lease will appear in the “For Leasing” tab. The transaction is recorded in BscScan.
After the leasing time ends, the Lessor should take your Pass back or the Lessee will return it to you.
The Lessor cannot take your Pass back during the leasing time.
For Lessees
You can rent as many NFTs as you want. You can rent all the NFTs from 1 Lessor.
However, you cannot put on lease NFTs you have rented.
Step 1: Connect your wallet
1. Go to https://marketplace.gemuni.io/marketplace
2. Choose “Connect Wallet”. You can connect either with “MetaMask” or “WalletConnect”.
MetaMask
If you don't have the MetaMask wallet yet, you can download it at:
Follow these instructions to create a MetaMask wallet and set up a Mainnet environment:
https://docs.binance.org/smart-chain/wallet/metamask.html
Insert the BSC Mainnet configuration network:
Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Connect your wallet again and click “Sign”.
WalletConnect
QR Code: Scan QR code with a WalletConnect-compatible wallet. You can use the MetaMask mobile app to connect.
Desktop & Mobile: Choose your preferred wallet from the list to connect.
Step 2: Rent (an) NFT(s)
1. Go to “Guild” on the menu bar. Click on “NFT Leasing".
Link: https://marketplace.gemuni.io/leasing
2. Choose a Pass you want to rent. Click on “Rent”.
“Price per week” is the weekly renting price you have to pay for the Lessor.
You can only rent between the “Min” and “Max” times that the Lessor sets up.
3. Choose the number of weeks you want to rent an NFT. It must be between the min and max times that the Lessor sets up. The price will be automatically calculated for the total renting time.
Click on “Confirm” and confirm the transaction in your wallet.
4. Your Pass will appear on the “Renting” tab in the “Leasing” section on the “My Profile" page.
You can click on “Cancel” to cancel renting the Pass or “Extend” to update your renting time.
“Cancel": Click on “Confirm” to cancel renting the Pass, then confirm in your wallet. You can cancel the rental before your renting time ends, but there is no refund.
“Extend”: You can extend your renting time longer than your first renting time and they must be less than or equal to the max duration the Lessor sets up.
Step 3: Play and Earn rewards
Now, you can play and earn with your rented Pass, which has been automatically activated.
After the renting time ends, the Lessee should return the Pass to the Lessor or the Lessor will take it back.
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