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TURNUP Introduces a New Bid & Earn Auction: A New Era in NFT Minting

TURNUP, the leading game on the Polygon network, has unveiled its pioneering Bid & Earn Auction.

This auction mechanism will be introduced into the NFT Minting Economy by operating on a risk-free bidding system where every participant emerges as a winner.

TURNUP’s approach will allow every bidder to earn 105% of their bid amount each time they are outbid, culminating in a win-win situation for all involved.

Scheduled to launch on March 14th at 8 PM HKT, the highly anticipated collection auction for TURNUP’s flagship game, Crypto Trillionaire, is expected to draw the participation of over 245,000 on-chain players.

The auction also presents a unique opportunity for users to influence the rarity of their NFTs, with the auction’s duration directly impacting the NFT’s rarity index.

Since its launch, TURNUP has cemented its position as a frontrunner on this chain by accounting for up to 25% of Polygon’s daily transactions.

Its ecosystem also offers consumer utility and social access, enabling users to explore, engage, and create across a multitude of game genres and titles.

With the launch of the Bid & Earn Auction, TURNUP is poised to set a new standard in the web3 gaming market.

Within 2 months of the Beta launch, the TURNUP platform has achieved record-breaking on-chain milestones on the path, some of which include:

  • 245,000 On-chain players and wallet users
  • Over 21,000 Daily Active Users
  • 9.5 Million On-chain Transactions
  • 24.6% of Polygon’s 24-hour transactions
  • Up to 14% of Polygon’s weekly transactions
  • No. 1 Game on Polygon
  • 1 Social Media dApp across all chains

Here are some other details of the Auction Mechanism:

This novel auction introduces a first-of-its-kind bidding system where every participant earns regardless of the outcome. Bidders are guaranteed a return each time they are outbid.

  • Structure:
    • Auctions are conducted for Trillionaire NFTs, with winners receiving a “Legendary Trillionaire” NFT.
    • The highest bidder wins the auction and claims the NFT, along with a bonus $LFG token allocation from a designated Grand Prize Pool.
  • Multiple Bidding: Participants are not restricted to a single auction. They can simultaneously bid in multiple auctions, maximizing their potential earnings and increasing their chances of winning NFTs.

Auction Details:

  • A total of 2002 NFT auctions will be held on the TURNUP platform.
  • Currency:
    • 50% of the auctions will accept bids in $LFG tokens.
    • The remaining 50% will be conducted using $MATIC tokens.

To view the bid and earn action guide for TURNUP, visit this LINK.

Victor Chijoke

Passionate about blockchain, and the decentralized internet. A writer in the morning, goalie in the evening. The aim is to keep my readers informed about the ever-evolving world of web3 with a unique blend of expertise and storytelling.

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