ens.auction
@ensauction
Introducing the premiere ENS auction platform: @ensauction ・Seamless experience ・Realistic valuations ・Weekend bidding ・Pre-auction sales ・Leaderboard And it's 100% onchain. 🧵 1/8
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ens.auction
@ensauction
Inspired by popular auction houses, @ensauction was designed to provide a convenient experience for collectors interested in high quality ENS names. Every Friday a new round begins. Browse and bid at your leisure throughout the weekend until bidding closes Sunday evening. 2/8
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ens.auction
@ensauction
During the week, and before bidding opens, auctions can be purchased at the "Buy Now" price during the Pre-Auction Sale. Don't want to get into a bidding war on Sunday? Snag that ENS name instantly. 3/8
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ens.auction
@ensauction
Every ENS marketplace struggles with "noise". The value of an ENS name is often difficult to estimate, and listings are usually free, so marketplaces end up with 100,000+ ENS listings gathering dust at unrealistic prices. That's why we use a mechanism called "Dynamic Fees" 4/8
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ens.auction
@ensauction
Dynamic Fees use a bonding curve based on your listing history and the number of active auctions on the platform. This upfront fee starts low when there are few listings, and increases as more are added, which helps improve the signal to noise ratio for listings. 5/8
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ens.auction
@ensauction
Are you a collector interested in selling a set of names that vibe well together? Now you can list up to 20 ENS names in a single listing. 6/8
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gabe 🎩
@gabrieltemtsen
This is definitely the twist😅 truly gonna reduce the noise ratio in listings
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