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Main Components
BID TO EARN
- Bid to Earn core principle is that you have a series of auctioning NFTs. When someone is outbid, they earn a portion of the bid as income. So that bidder ends up with more currency than prior to their bid. We have built this so it can work for entire mints. Example: you bid 1 SOL, get outbid, and now you have 1.2 SOL
WHAT YOU CAN EARN
- Whenever you are Outbid, you earn. In a single mint day, you could be outbid many times, collect rewards and then bid again. The system is cheat-proof and bot-resistant. You automatically match your own bids with the lowest bid on any given track, unless you are the TOP BIDDER in a track. (See separate category)
HOW THE MATH WORKS
- When you are outbid, you earn based on how much YOU overbid and how much someone else overbid you. You earn 14% of your overbid, and 6% of the underbid (how much they overbid you).
Last modified 9mo ago