There are a few different types of sales on Bitski you can use! 🧐 💸
Limited Editions (aka fixed price listings)
Description: Limited editions are based off of a fixed quantity of available NFTs. The sale will run for an infinite amount of time until all quantities are sold out (i.e. 20 editions only)
Suggested Pricing: Generally limited editions should not be priced too high. While there is scarcity due to the limited quantity, these NFTs are not one-of-ones. We recommend testing out lower pricing before moving forward with higher-tier pricing for future sales, as it's better to sell-out than not.
Description: an Auction sale is for 1 of 1 NFTs. A time limit is set, and the winner of the NFT goes to the highest bidder.
- Sniper Safe: There is a 5 minute extension on bids if they're made within the last 15 minutes.
- This means there is no winning bidder unless no one bids against them for the last 5 minutes. If they do, the timer adds an additional 5 minutes. This helps to safe guard against last minute snipers who try to place a small incremental bid right before the timer runs out.
- Minimum Bids: We added another layer to make any live auction even more sniper safe. Check out the chart below for more details!
|Starting Bid||Minimum Bid Increments|
|$101 - $250||$10|
|$251 - $500||$25|
|$501 - $1000||$50|
|$1001 - $10k||$100|
- Suggested Pricing: Since auctions offer NFTs that are the most rare, this tier usually merits the highest level of pricing relative to your customers price range!
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