Auction mechanism, rewards
Quantum Collapses will adopt a Dutch auction mechanics
Dutch auction starting at 1 ETH and dropping every 5 minutes in these steps:
1 -> 0.6 -> 0.4 -> 0.25 -> 0.15 -> 0.1
Dutch auction on Art Blocks can minimize gas wars. However, it can result into collectors minting at different prices. We want to balance what collectors get for the price they paid.
Collectors will get:
– One custom token valid for preminting on our next factory or playground release for the first 10 collectors minting above 0.25 ETH.
– Free giclée prints to collectors that mint above 0.15 ETH. Details on the maximum free size will be provided. They will depend on the minting price (minimum 50X50 cm). Shipping is not included.
– The owners of the first 32 editions, minted during the auction, can receive up to four additional signed prints of new images or grids of their edition chosen by them. For each additional print they will only pay the production cost and shipping.
Holders of all our 1/1 creations will be gifted by 1 ETHbar, a token which will enable them to pre-mint one edition of Quantum Collapses on March 16th and 17th (CET).
Holders of all our 1/1 creations will be gifted by 1 ETHbar, a token which will enable them to pre-mint one edition of Quantum Collapses on March 16th and 17th (CET).