Variable Rate GDA Overview
- What is Variable Rate GDA?
Variable Rate GDA is a tool initially designed for the NFT project Art Gobblers, that allows creators to set adjustable price parameters for selling their NFTs over a custom schedule. If the demand for the NFT increases, the NFT price automatically increases and vice versa. This pre-determines the selling price of NFTs based on the number of units sold, rather than leaving it at the mercy of arbitrary market demand.
- Main Features
- Flexible auction pricingGradual price reductionReal-time biddingTransparent auction processEfficient allocation of resources
- Blockchains
- Ethereum
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Frequently asked questions
If the auction ends without any bids, it means that no one has placed a bid to purchase the item being auctioned. In this case, the auction will typically be considered unsuccessful, and the item will not be sold. The seller may choose to relist the item for auction again at a later time or explore other options to sell it.
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