Diamond Hand Necklace Auction: A Comprehensive Guide
Get ready for a dazzling adventure as Bounce Finance proudly unveils the much-awaited Diamond Hand Necklace Auction, showcasing a breathtaking diamond necklace paired with two exclusive NFTs. Dive into this comprehensive guide to discover how you can engage and earn rewards in the Diamond Hand Necklace Auction.
Auction Details
- Auction Start Time: August 25th, 2PM UTC
- Link to Auction Page: https://app.bounce.finance/rwa/detail
- Auction Type: Mutant English Auction
- Bidding Currency: ETH
- Auction Network: Ethereum
- Floor Price (First Bid): 5 ETH
- Bid Increase Rate: 3%
- Time Limit To Place The Next Higher Bid: 24 Hours
- Auction End Time: When no higher bid is placed within 24 hours
The Diamond Hand Necklace Auction kicks off in the format of Bounce Finance’s latest innovation, Mutant English Auction. The first bid is set at 5 ETH, and each subsequent bid must exceed the preceding bid by 3% — the second bid is 5.15 ETH, the third bid is 5.3045 ETH, the fourth bid is 5.463635 ETH, and so on. After each bid is placed, a 24-hour countdown begins for the next higher bid. The auction ends when no higher bid emerges within 24 hours after the latest bid, making the last bidder the final winner of the auction.
- Current Bid Price (From 2nd Bid): Last Bid Price * (1 + 3%)
- Current Bidder Pays: Current Bid Price + Previous Bidder’s Gas Fee
- Refund for Current Bidder on Next Bid: Paid Bid Price + Gas Fee
- Current Bidder’s APY on Next Bid: (Current Bid Price) * 3% * 67%
- 3% Bid Increase Distribution: $1.6K platform fee will be deducted from the total sum of all bid increases. For the remaining — 33% goes to auctioneer, 67% goes to last bidder
- Final Winner (Highest Bid) Receives: Diamond Hand Necklace + Necklace’s NFT + 1dontknows’ NFT
The current bidder must pay the current bid price and the gas fee of the previous bidder. Excitingly, the current bidder not only gets their money (including gas fee) fully refunded when someone places the next bid, but also earns additional rewards in ETH from the 3% price increase. In other words, every bidder except the final winner earns APY in ETH, while the final winner receives the Diamond Hand necklace and two NFTs. For more about the necklace and NFTs, check out the details below.
How To Participate
Check out our Mutant English Auction tutorial to learn how to participate and earn rewards in the Diamond Hand Necklace Auction.
About the Diamond Hand Necklace
- IGI Report #: LG578319461
- Pendant Gem: Lab-Grown Diamond
- Carat Weight: 19.21
- Pendant Diameter: 4.1 cm
- Necklace Chain: 18K White Gold
- Chain Length: 50 cm
The Diamond Hand necklace, presented by FOUNDO, is more than just a stunning piece of jewelry. It’s a testament to the unwavering faith of those who dared to venture into the uncharted territories of the crypto world. This masterpiece is a homage to the “HODL” philosophy, a term deeply embedded in the lexicon of the crypto community, symbolizing their steadfast commitment to hold onto their investments amidst the capricious tides of the market.
The centerpiece of the necklace is gracefully designed as an angelic hand holding a 5+ — carat oval brilliant-cut laboratory-grown diamond, radiating D color and VS1 clarity. Adding to the necklace’s allure is the 18k white gold chain hosting a cascade of diamonds totaling 14.27 carats. These gems, of D/E/F color and VS-Si clarity, lend an added layer of sophistication to the necklace, beautifully complementing the centerpiece. Accompanied by IGI Report Number LG578319461, this necklace offers an assurance of its quality and authenticity.
The Diamond Hand necklace embodies the convergence of tradition and innovation — a symbol of boundless potential where luxury and technology unite, tradition embraces innovation, and a new era emerges.
About The Diamond Hand Necklace’s Designer: NAHIYA SU
Nahiya Su, a visionary in the realm of accessory design, is renowned for her unique ability to weave together disparate elements into a harmonious narrative. Her work, much like the artist herself, is a testament to the power of contradiction and the beauty that can emerge from it.
Drawing from a rich tapestry of influences, Su’s designs are a blend of the ethereal and the earthly, the futuristic and the traditional. Her Mongolian roots imbue her work with a sense of primal energy, while her fascination with futurism and technology lends a sleek, avant-garde aesthetic to her creations.
Nahiya Su is more than a designer — she is a storyteller. Each piece she creates is a chapter in a larger narrative, a tale of transformation and evolution. Her work is not merely about adorning the body, but about expressing the complexities of the human spirit.
About The Diamond Hand Necklace’s NFT
This exclusive NFT, listed on OpenSea and LooksRare, represents the digital ownership of the Diamond Hand necklace.
- Contract Address: 0x8adA332eA4A16C08C033B1F17682A8C0D8BB275D
- Network: Ethereum Mainnet
- Token Type: ERC721
About 1dontknows’ NFT
1dontknows, Sotheby’s featured artist, presents a unique NFT named Limbo to honor the Diamond Handd Necklace Auction. Limbo is a postulated viewpoint concerning the afterlife condition of those who die in original sin without being assigned to the Hell of the Damned. Medieval theologians of Western Europe described the underworld as divided into four distinct parts: Hell of the Damned, Purgatory, Limbo of the Fathers or Patriarchs, and Limbo of the Infants. In Buddhism, Bardo is sometimes described as similar to limbo. It is an intermediate state in which the recently deceased experiences various phenomena before being reborn in another state, including heaven or hell. In Classical Greek Mythology, the section of Hades known as the Fields of Asphodel was a realm much resembling Limbo, to which the vast majority of people who were held to have deserved neither the Elysian Fields (Heaven) nor Tartarus (Hell) were consigned for eternity.
- Contract Address: 0xb932a70A57673d89f4acfFBE830E8ed7f75Fb9e0
- Network: Ethereum Mainnet
- Token Type: ERC721
About Bounce Finance
Bounce Finance is a decentralized platform dedicated to meeting the evolving needs of the Web3 space. Established in 2020, Bounce Finance is proudly known for outstanding user experience and seamless integration of blockchain technology in trading both digital and tangible assets. We provide a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects.
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