Join ConDragon Genesis Auction and Get Dinosaur NFT Airdrop

Join ConDragon Genesis Auction and Get Dinosaur NFT Airdrop
We would like to express our gratitude to the ConGragon, MoonSwap, and Conflux communities. With our collective contribution, within 20 days into the NFT blind box persale,

:hugs: The total sales reaches 960,000 cMOON;

:grimacing: The total staking volume peaked at 600,000 cMOON;

:smiling_face_with_three_hearts: And the total reward pool reaches 480,000 cMOON.

Now, we are glad to announce that the long-expected SSS-level NFT auction will be released at 10am, Jan. 7, 2021, UTC.

Auction Rules:

:one: Participants shall bid with cMOON;

:two: The auctioned ConDragon NFT will be won by the highest bidder;

:three: The countdown for each auction is 24 hours;

:four: When there is less than 1 hour left, 10-minute-cooling time will be added to the countdown when there is a new bid and the limit is until 1 hour.

For example, A gives a new bid when there are 35 mins left in countdown, the countdown will be increased to 45 mins. Then B gives a new bid, making the countdown increased to 55 mins. Then C bids, the countdown will be increased to 1 hour. If D gives a new bid now, the countdown will stay at 1 hour. If there is no new bid before the 1-hour bid runs out, D will get the auction item.

:five: According to the smart contract, every new bid needs to be 10% more than the previous one. The system will then distribute 20% of the 10% increase to the previous bidder and 80% to the auction reserve pool.

For example, the original bid for an NFT is 5000 cMOON. The first bidder gives 5500 cMOON, and the second bidder makes a bid of 6050 cMOON, the difference between the two bids is 550 cMOON. The system will inject 440 cMOON (80% of 550 cMOON) to the auction reserve pool, and the remaining 20% (110 cMOON) and the 5500 cMOON, as a total of 5610 cMOON to the previous bidder’s address.

:loud_sound: Note:

:one: The auction revenue (excluding user’s rewards) will go into the auction reserve pool.

:two: The highest bid will go to the auction reserve pool in 100%.

:three: 50% of the funds in the auction pool will be injected into the ConDragon NFT staking pool and the remaining 50% will become ConDragon’s revenue.

1 Like

Very cool auction!!!

1 Like

:money_mouth_face: :money_mouth_face: :money_mouth_face: