đLand Auction - 12 March
Last updated
Last updated
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
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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.
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.
Multiple bids can be submitted in each round, and over different rounds without limitations.
Example Account bid in round 1,5 and 12, and expects to receive 6 Land.
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.
The refund is calculated based on the floor price. The refund amount should be less than the floor price, with some exceptions.
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
| Round | Price (ETH) | Time |
|---|---|---|
| Round | Current Price (ETH) | Bid Amount (ETH) | Expected (Land) |
|---|---|---|---|
1
3.33
8 AM
2
3.30
9 AM
3
3.27
10 AM
1
3.33
6.66
2
5
3.21
3.21
1
12
3
9
3