💎Land Auction - 12 March

About Land

🗻Land Intro

Auction Information:

Website: https://auction.sss.game

Start time: Block 719292 (https://blastscan.io/block/countdown/719292)

Network: Blast

Buy with: Any wallet, land is a transferrable NFT

Troubleshooting:

We recommend using desktop setup for this.

If you face any trouble with page loading, please clear the browser’s cache:

1. Press F12 key (or Right click to the page, then select Inspect)

2. Select Application tab

3. Select Local storage and right click to the item “https://auction.sss.game”

4. Select clear from the menu

5. Refresh the page

Auction Process:

The price starts high and drops by a fixed amount every 1 hour until it reaches the floor price.

All bidders will receive land at the floor price, regardless of when the bid is placed.

Price

The Auction starts at 3.33 ETH.

Every 1 hour, the price drops by a fixed amount of 0.03 ETH.

The auction continues until all 500 Land has been sold.

Price Example

Round	Price (ETH)	Time
1	3.33	8 AM
2	3.30	9 AM
3	3.27	10 AM

Bidding

Multiple bids can be submitted in each round, and over different rounds without limitations.

Bidding Example

Example Account bid in round 1,5 and 12, and expects to receive 6 Land.

Round	Current Price (ETH)	Bid Amount (ETH)	Expected (Land)
1	3.33	6.66	2
5	3.21	3.21	1
12	3	9	3

Bidding Example (cont.)

Finally, the auction end in Round 42, at 2.1 ETH.

• The Example Account contributed a total of 18.87 ETH

• The Example Account receives 8 Land

• The Example Account gets 2.07 ETH as refund.

Refund

The refund is calculated based on the floor price. The refund amount should be less than the floor price, with some exceptions.

Price Formula

The price is determined by the following formula: Price = startPrice - (blockNumber - startBlock) / blockDelta * stepPrice, if price < floor price --> price = floor price

Floor price = 0.01 ETH Start Price = 3.3 ETH stepPrice = 0.03 ETH blockDelta = 1800