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.
