Why Do I Have To Approve Tokens?

Before you can carry out transactions with your digital collectibles on the xHaven Marketplace, you will first need to grant permission for or "Approve" the xHaven Marketplace smart contract to interact with your token on the blockchain.

Some functions of xHaven may require you to use a different payment token, for example 'Make Offer', require you to use WFLR/WSGB. You will also need to Approve xHaven to be able to carry out transactions in these tokens.

Similarly, some creators may accept the use of different tokens for transactions within their collection (such as XVN when available). Again you may need to Approve their use by xHaven.

This ensures that you can list your digital collectibles/NFTs for sale on the xHaven Marketplace, and sell your digital collectible/NFT in your chosen asset, in a safe and ‘trustless’ manner, through the blockchain and smart contracts.

In the sense of blockchain and smart contracts, the trustless system is a good thing, as it means your ability to trust it does not depend on the intentions of any particular party (e.g. a buyer, or a seller), which could be arbitrarily malicious.

Transacting trustlessly through the blockchain on the xHaven Marketplace removes this risk.