NMKR Docs
ProductsContact
English
English
  • Welcome to NMKR Docs
  • Introduction
    • About NMKR
    • Powered by NMKR
    • What is an NFT?
      • What is IPFS?
    • Why Cardano?
  • NMKR Studio
    • Introduction - NMKR Studio
    • Features Overview
    • 🖥️Learn NMKR Studio in 3 minutes
      • Basic Workflow
    • How to - Quick Start Tutorials
      • Quickstart Full Video Tutorial
      • Guidelines Planning a Project
      • How To Add Tokens
      • How to set up Metadata
      • How To Sell Tokens
      • How To Set Up Sales Conditions
      • How To Do a Reveal
      • How To Burn Tokens
      • How To Enable Royalties
      • How To Enable DIDs
      • How To Set up Whitelisting
      • How to Airdrop Tokens
    • Pricing
    • Account
      • Registration & KYC
      • Security
      • Wallets
      • Mint Coupons
      • Dashboard
      • Transactions
      • Invoices
      • API Keys
    • Project
      • Policy
        • Managing policies
      • Create
      • Edit
      • Metadata Template
      • Statistics
      • DID - Decentralized Identifier
      • Notifications
      • Royalties
      • Additional Payout Wallets
      • Affiliate links
      • Export Metadata as Zip
      • Export NFT as csv
      • Mint and Send Jobs
      • Export placeholder.csv
    • Token
      • Manage Tokens Tab
      • Upload
        • Upload single tokens
        • Bulk Upload Files and Metadata
          • Bulk Upload via Drag and Drop
          • Bulk upload via SFTP
      • Edit
      • Metadata
        • Add Token-specific Metadata
        • Fingerprint (Metadata preview)
        • Metadata Check
        • Metadata Standard for fungible Tokens
        • Fully on-Chain NFTs
          • Partial URL-Encoding
        • CIP-68
      • Duplicate
      • Delete
      • Burn
      • Update (Edit after Mint / Reveal)
    • Set up Sales
      • Manage prices / Pricelist
        • Create new Prices
        • Free Drops
        • Custom Token payment
        • Discounts
      • Sales Conditions & Whitelisting
        • Sales conditions depending on policy ID or stake pool
        • Whitelist with Count
        • Blacklist
        • Test Sales Condition
      • Block Tokens
      • NMKR Pay
        • Set up NMKR Pay
        • MultiSig Payment
        • Website Integration
        • Specific Payment Links
        • Manual sending in NMKR Pay
        • FIAT ETH and SOL Payment
      • Pay-In Address
      • Auction
    • Minting
      • Minting on Demand
      • Manual Minting
      • Airdropper
        • Airdrop with random distribution
        • Airdrop with specific distribution
    • Tools
      • Managed Wallets
      • Split Addresses
      • Direct Sales
      • Policy Snapshot
      • Integrations & Plugins
        • NFT Pal
        • Zapier
    • Testnet
      • Create Testnet Account
      • Testnet Wallet & tADA
      • Testnet API Swagger
  • NMKR Studio API
    • Introduction - NMKR Studio API
    • API Features
    • Swagger API Endpoints
    • Get started with the API
    • API Swagger
      • Get Started with the Swagger
      • Swagger Responses and Error Codes
    • API Examples
      • Users
        • Payout Wallets
        • Subcustomers
      • Project
        • Create Project
        • Upload File and Metadata
      • Payment
        • Create unique NMKR Pay Link for random Token sales
        • Create NMKR Pay Link for specific Token sales
        • Get Payment Address for single NFT sales with native Tokens
        • Create NMKR Pay Link for a multi-specific Tokens sale
      • Minting
        • Manual Minting
      • Smart Contract
        • Secondary Sales via NMKR Pay
    • API Open Source Contributions
  • NMKR Mint
    • Introduction - NMKR Mint
    • Mint single NFTs
    • Mint Collection
  • NMKR Playground
    • Introduction - NMKR Playground
    • ADA Payment Link
    • Paperwallet
  • NMKR Pool
    • What is Staking?
    • Stake with NMKR Pool
  • Helpful Links
    • Cardano NFT Ressources
    • Cardano Resources
    • Cardano Wallets
    • Open Source Repositories
    • Security Practices
    • Deal with Bots
Powered by GitBook
On this page
  • Regular Payment vs. MultiSig Payment Minting
  • On-Chain Example of a MultiSig transaction
  • Enable MultiSig for your project
  1. NMKR Studio
  2. Set up Sales
  3. NMKR Pay

MultiSig Payment

MultiSig Payments, the superior way to sell tokens

PreviousSet up NMKR PayNextWebsite Integration

We are currently testing a new Coin-Selection Method for MultiSig Payments. Even though we expect smooth operations, we encourage you to contact us if you encounter any problems.

MultiSig payments are comprehensive transactions in which the payment, minting, distribution, and eventual discounts are all handled in a single transaction. Obviously, this reduces blockchain congestion significantly because refunds for incorrect or late received transactions are no longer necessary, and the number of transactions is reduced from two to one. Because of the fewer transactions, the MultiSig method is at least twice as fast as the regular method.

The regular minting requires the buyer to send the payment “blindly” to the minting address to receive the Token or a refund in a second, separate transaction. Therefore, the End-User Risk is significantly reduced with MultiSig payments, because the buyer can verify that he will receive the token when signing the transaction.

What is important to know for you as seller is, that you don't have to consider the Sendback in the price calculation for your project. The sendback will be covered by the input transaction of the customer and not deducted from the sales revenue like it is the case with the regular method. In case the buyer goes with the when MultiSig is active, he is asked to add a deposit, therefore this also isn't relevant for you.

As the Buyer is able to see the token in the transaction he is signing, we recommend that the Tokens is not related to the rarities and you don't publish a rarity list before the mint. If it is necessary that your rarities relate to the tokens serialisation, please use the serialisation only with the and use randomised .

Regular Payment vs. MultiSig Payment Minting

Details / Features
MultiSig
Regular

Number of transactions

1

2 (payment and mint are separate)

Blockchain congestion

Low

High (Two Transactions needed for one Mint)

Minting Speed

Fast

Slow (At least 2x slower because two Transactions needed for one Mint)

End-User risk

Low (Token mint is obvious in the transaction that is signed)

High (Seller could theoretically mint and send the tokens or not)

Sendback

Covered by Input-Transaction (2 ADA additional Deposit required for manual sending)

Covered from Sales price (Must be calculated by seller in the sales price)

Works with the Pay-In Address

Works with Sales Conditions

On-Chain Example of a MultiSig transaction

Enable MultiSig for your project

To enable MultiSig for your project, go to the of your project. After specifying at least one price, a toggle to enable MultiSig will appear.

The "disable manual sending" toggle that shows up when activating MultiSig allows you to disable the option that allows your customers to . Having this option disabled may be helpful to prevent bots from minting, but may also make your sale less accessible for people that don't want to connect their wallets.

price list tab
send payment manually in NMKR Pay
❌
✅
✅
✅
Contact us!
"manual sending" methon in NMKR Pay
asset_name
display_name
asset_names
LogoTransaction 8979cddf7a9799ef46caf4d6c4bdd8d93f3a625962207e0bdb65a628a12ed1ef - Cardanoscan
On Chain Example of a MultiSig transaction
MultiSig Transaction Inputs and Outputs explained