Novel mechanism goes live on Binance NFT to ensure inclusive and fair participation for all enthusiasts
The new mechanism includes four phases: Preparation, Subscription, Calculation and Distribution. During the"Preparation" stage, users will be required to hold the average daily BNB balance for a predetermined period. The exact volume of BNB to be stored will be set by the team behind the sale.
During the"Calculation" stage, the system will choose the winners. Lucky participants will be able to book NFTs proportionally to the number of tickets they have purchased. As Binance NFT has always been committed to building an inclusive platform, we believe that the Subscription Mechanism will add value to our mission. Not all users have been able to buy the NFTs they want due to the high price or popularity of the works. With this new feature, Binance NFT provides equal opportunities for users to purchase NFTs through the primary sales and we hope that this will allow users to participate in the NFT market more actively.
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