Bidding Process

How to bid on bitinauts

PreviousPrerequisites NextBidding States

Last updated 1 year ago

Bidding Process

How to bid on bitinauts

The auction will take place over a 7-day window.

Auction Date is June 7th - 12:00 UTC

During this time, you can navigate to the Bitinauts website and click on the "Auction" tab. Here, you will be able to see all the available NFTs along with their reserve prices.

This is a reserved-price auction, which means that there will be a minimum price for each NFT. All NFTs will have same minimum price.

To place a bid on an NFT, enter the amount you want to bid (which should be higher than the reserve price) and click on the "Confirm" button.

Please note that the rarest NFTs will go to the highest bidders, so if you want to get one of the rarest NFTs, you will need to place a higher bid than other bidders.

How-to-Bid

To place a bid on an Bitinauts NFT:

Click on the "Place your bid" button.

Enter the amount you want to bid (which should be higher than the reserve price) and click on the "Confirm" button. At this point, the ETH will be hold in our auction contract until the 7-days period of the auction is over.

Please note that the rarest NFTs will go to the highest bidders, so if you want to get one of the rarest NFTs, you will need to place a higher bid than other bidders

All gas fees, minting fees, and other network fees associated with participating in the auction will be paid by the bidder. When you place a bid on an NFT, you will need to pay the associated gas fee to cover the cost of processing the transaction on the Ethereum network. Additionally, if you are one of the 500 winners, you will need to pay the minting fee to mint your NFT. These fees are paid in ETH and will be deducted from your MetaMask wallet. Please keep in mind that the exact amount of gas fees and minting fees may vary depending on the network conditions and the price of ETH at the time of the transaction.

At the end of the auction, the 500 highest bidders will be declared the winners and will be able to claim their NFTs. The winners will be determined based on their bid amounts, with the highest bidders getting the rarest NFTs and the lower bidders getting the less rare NFTs.
If you are one of the 500 winners, you will be able to claim your NFT after the auction is over. You will need to pay the minting fee to mint your NFT, which will be deducted from your MetaMask wallet.

If you are not one of the winners, you will be able to retrieve your bid. The ETH you used to place your bid will be returned to your MetaMask wallet.

PreviousPrerequisites NextBidding States

Last updated 1 year ago

The auction will take place over a 7-day window.

Auction Date is June 7th - 12:00 UTC

During this time, you can navigate to the Bitinauts website and click on the "Auction" tab. Here, you will be able to see all the available NFTs along with their reserve prices.

This is a reserved-price auction, which means that there will be a minimum price for each NFT. All NFTs will have same minimum price.

To place a bid on an NFT, enter the amount you want to bid (which should be higher than the reserve price) and click on the "Confirm" button.

Please note that the rarest NFTs will go to the highest bidders, so if you want to get one of the rarest NFTs, you will need to place a higher bid than other bidders.

How-to-Bid

To place a bid on an Bitinauts NFT:

Click on the "Place your bid" button.

Enter the amount you want to bid (which should be higher than the reserve price) and click on the "Confirm" button. At this point, the ETH will be hold in our auction contract until the 7-days period of the auction is over.

Please note that the rarest NFTs will go to the highest bidders, so if you want to get one of the rarest NFTs, you will need to place a higher bid than other bidders

All gas fees, minting fees, and other network fees associated with participating in the auction will be paid by the bidder. When you place a bid on an NFT, you will need to pay the associated gas fee to cover the cost of processing the transaction on the Ethereum network. Additionally, if you are one of the 500 winners, you will need to pay the minting fee to mint your NFT. These fees are paid in ETH and will be deducted from your MetaMask wallet. Please keep in mind that the exact amount of gas fees and minting fees may vary depending on the network conditions and the price of ETH at the time of the transaction.

At the end of the auction, the 500 highest bidders will be declared the winners and will be able to claim their NFTs. The winners will be determined based on their bid amounts, with the highest bidders getting the rarest NFTs and the lower bidders getting the less rare NFTs.
If you are one of the 500 winners, you will be able to claim your NFT after the auction is over. You will need to pay the minting fee to mint your NFT, which will be deducted from your MetaMask wallet.

If you are not one of the winners, you will be able to retrieve your bid. The ETH you used to place your bid will be returned to your MetaMask wallet.