Auctions

This part of our platform is what gamifies the whole thing. We will have Auctions and steal auctions, according to the "dutch auction" principle. Dutch auction means that the price will be set high and will then tick down. the first person who presses the "buy" button wins it.
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Initial Auction : This auction is where you basically buy the NFT from the platform. 100% of the buy price will be burnt and thus reduce supply indefinitely
Steal Auction : This auction, which will run after the protection cooldown of the previous owner has run out, will allow you to steal the NFT and with that its functionality. Depending on the specs of the NFT, a % of the buy price will go to the previous owner and the rest will be burnt. 

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Last modified 8mo ago

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