Hi Un-Azuki, we are starting with the auction of 172 OG NFTs to onboard the first set of collaborators that will work with us to set up the DAO in preparation for onboarding the main group.
The NFTs will be minted on a climate friendly blockchain (Polygon). They will be auctioned online via a virtual Dutch Auction on the OpenSea NFT marketplace.
In a dutch auction, the item starts at a relatively high price and is gradually reduced over the course of a given period until it gets to a minimum value.
Anyone may buy when it gets to the price they are willing to pay but the catch is that the more you delay, the more the likelihood that somebody else will buy the one you are targeting before you do. So there's a need to act fast during the auction so as not to miss out.
The auction will begin at 12:01 AM UTC on the 27th of February 2023 and will last for about 72 hours, ending at 11:59 PM UTC on the 1st of March 2023
The starting price for each NFT will be 6,000 MATIC (about $8,000 USD at the time of writing) and the ending price will be 300 MATIC (about $400 USD at the time of writing).
This means that over the course of the duration of the auction (about 72 hours), the price of each NFT will be reduced at a uniform rate from 6,000 MATIC at the start to 300 MATIC at the end.
You may follow us on Twitter or Telegram and turn on notifications if you wish to be notified of updates and when the auction has started.
This is looking like a cool project. You just taught me a new word: "Holarchy" lol
Thanks a lot Poundz Crew Meister, hope you'll take part in the auction!
Me too heh heh
:D
Wen launch?
Hi Un-Azuki, we are starting with the auction of 172 OG NFTs to onboard the first set of collaborators that will work with us to set up the DAO in preparation for onboarding the main group.
The NFTs will be minted on a climate friendly blockchain (Polygon). They will be auctioned online via a virtual Dutch Auction on the OpenSea NFT marketplace.
In a dutch auction, the item starts at a relatively high price and is gradually reduced over the course of a given period until it gets to a minimum value.
Anyone may buy when it gets to the price they are willing to pay but the catch is that the more you delay, the more the likelihood that somebody else will buy the one you are targeting before you do. So there's a need to act fast during the auction so as not to miss out.
The auction will begin at 12:01 AM UTC on the 27th of February 2023 and will last for about 72 hours, ending at 11:59 PM UTC on the 1st of March 2023
The starting price for each NFT will be 6,000 MATIC (about $8,000 USD at the time of writing) and the ending price will be 300 MATIC (about $400 USD at the time of writing).
This means that over the course of the duration of the auction (about 72 hours), the price of each NFT will be reduced at a uniform rate from 6,000 MATIC at the start to 300 MATIC at the end.
You may follow us on Twitter or Telegram and turn on notifications if you wish to be notified of updates and when the auction has started.
Twitter: @Effective_DAO
Telegram: https://t.me/effdao
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