Mercedes-Benz NXT
@mercedesbenznxt
1/ We decided to update the starting price of the "Maschine" Dutch auction to 2 eth. This will provide all collectors with enough time to explore the fairly new "Mint more artworks" mechanic implemented in the Dutch auction smart contract. Find out why and how to mint below ↓
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Mercedes-Benz NXT
@mercedesbenznxt
2/ Starting at 2 eth results in more time at each price interval, which gives collectors more time to decide, and reduces the risks of a rush and high gas fees. The price will decrease linearly over a 90-minute mint period, from 2 eth to the end at 0.2 eth – or until sold out.
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Mercedes-Benz NXT
@mercedesbenznxt
3/ Tokens can only be minted during this time window. Please note that in case the full maximum supply is not minted out during the 90-minute period, the mint will be closed, and the supply will be capped at the number of artworks minted after the 90 minutes.
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Mercedes-Benz NXT
@mercedesbenznxt
4/ Still, collectors may need to speed up their transactions when they either mint or use the "Mint more artworks" mechanic right before the end of the 90 minutes. The claim window for the rebate will be opened directly after the end of the auction and work in a trustless manner.
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