CryptoTodey

How the Genesis sealed-bid auction works, explained with an example 👇 Imagine only 3 NFTs for sale. Minimum price: 500 cZAMA (example only). 4 people bid 1 NFT each: → A: 3,000 → B: 1,500 → C: 1,000 → D: 500 (the minimum) The top 3 bids win: A, B and C. All winners pay the same final price, the lowest winning bid: 1,000. → A pays 1,000, gets 2,000 back. → B pays 1,000, gets 500 back. → C pays 1,000. → D bid the minimum, gets no NFT, gets 500 back. Lesson: bidding the minimum doesn't mean you buy at the minimum. Bid what it's worth to you, you'll only pay the final price.

We've spent a lot of time lately rethinking and improving how content is scored on Rarelist. The next wave of campaigns is already lined up, waiting for creators. All of them will launch with our upgraded scoring algorithms. And that's not all. We're also working on entirely new ways to participate and earn on Rarelist. Some you won't even see coming. Our goal is simple: give everyone a chance to earn. Yes, literally everyone.

. @FungoLabs nft mint & auction go live today here’s everything you need to know, holder benefits and how to bid genesis mint - 500 free mints for whitelist members & nominees (3 hr window) - you only pay gas + 0.0018 eth fee - one nft per spot - time: 12:30pm utc sealed-bid auction - 2,500 nfts up for auction (24 hr window) - minimum bid: 700 czama, bout $50 - time: 3:30pm utc what genesis nft holders get - 1,113,861 $fungo per nft at tge - a share of 20% of fungoLabs launchpad revenue - at least 5%, up to 20%, of every token launched on the fungoLabs launchpad how to bid - visit: fungolabs.org/launchpad/d/fu… - go to the fund section - swap and shield your zama on the site - 1 zama = 1 czama - make sure you have some eth for gas - once the auction opens, enter your bid per nft and the quantity you want, then submit strategy tip: bid what the nft is worth to you. don’t get carried away trying to outbid everyone. note: placing a bid only costs gas. the 0.0018 eth fee is paid later when claiming your nft.