WITCH AUCTION Now Live! The Introduction.
The long-awaited “Witch Auction” has finally arrived.(https://witchauction.com/)
The launch which happened yesterday has a high in demand in NFTs through Witch Auction and provide opportunities to buy NFTs at lower costs than traditional NFT markets.
The Witch Auction will take place in a Dutch auction house.
In an English auction, the auction begins with a low price and ends with the highest price, whereas in a Dutch auction, the auction starts with the amount paid by the Witch Auction team.
The very first NFT was sold 55% off the original price at WITCH AUCTION, the first auction which started at 03:00 AM(UTC), Tuesday, Oct 19. The first collection to be sold at the auction was “The Sneaky Vampire Syndicate” and, if you don't know about this collection let me give you a brief knowledge on it..
The Sneaky Vampire Syndicate consists of 8,888 Vampires living their best life in The Lair — away from any burning sunlight or pesky Vampire Hunters. The Syndicate is known for its community, eager to adopt their Sneaky Bats, play the SVS video game, enter The Lair (MetaVerse), and meet female vampires (Gen 2),
8,888 Vampires are now running wild, with their companions and much more which will be coming soon.
About the team:
The Sneaky Vampire Syndicate has been the talk of the town in the crypto media and NFT communities even before its launch as its lead designer was a designer for the Bored Ape Yacht Club, and ranked third place in trading volume for the entire period at OpenSea.
a. Total amount issued: 8,888
b. Mint price: 0.08 ETH
c. Owner: 4,864
d. Owner %: 54.73%
e. Opensea listing date: 09.09.2021
You can view on OpenSea: https://opensea.io/collection/sneaky-vampire-syndicate
The NFTs utilized in Witch Auction are carefully chosen based on the available on-chain metrics. Recent transaction volume, number of sales, and price trend are all important metrics.
THE WITCH AUCTION
On the procedures to be carry out during this auction, are three major steps listed below..
Three highlights about Witch Auction
Only 1 NFT will be auctioned off at Witch Auction.
Price drop every 10 minutes
The price of NFT continues to fall every 10 minutes after the auction begins.
Users must hold 100 WITCH tokens in your Ethereum wallet to participate.
Witch Auction launches on October 19th and the first NFT to be sold is The Sneaky Vampire Syndicate Collection. Please stay tuned for further details.
How to participate in Witch Auction
- Deposit 100 WITCH in the ERC-20 wallet linked to your Metamask wallet.
- Click on your Metamask extension at the top right corner of the website (https://witchauction.com/)
- Click the “Buy Now” button on the NFT product details page.
- Check the price and click “Buy”.
- When the checkout pop-up appears, check the price and click “Pay Now”.
- Purchase will be completed when transaction on the Ethereum network is complete.
- The NFT will be transferred to the ERC20 wallet used to make the payment within 1 business day
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