Hello everyone, today is the seventh day of the Chinese New Year, and it is also a good day to start construction. As of now, CROSS has 250,000 user addresses. The development of CROSS, a decentralized NFT issuance and auction platform supported by the CyberVein Foundation, is also ongoing. In the first quarter, in addition to the B-end corporate entrance, NFT partition and other functions, Blind will be officially launched on February 26 Box blind box game.
1. Introduction to the Blind Box The
CROSS blind box game will be held every two weeks, and 4 NFT works will be launched in each phase. Each work is a blind box, and only one of the works contains an additional prize, CyberVein Fund Each period of the conference will provide a CVT of no less than 0.5 BTC equivalent as a reward in the blind box, allowing CROSS liquidity and financial attributes to be superimposed. The first phase will start on February 26.
2. The blind box gameplay is
logged in the Blind Box area of the CROSS platform to bid on any of the NFT works currently being auctioned. This auction mode adopts the Vickrey auction, which can also be called blind auction. The only difference is that the winner needs to pay. The price of is higher than the starting price, which can maximize the reasonable intrinsic value of the lot. After successfully bidding, users can choose the second auction within the specified time after obtaining the NFT works, or they can choose to open the blind box to check whether they have won the prize.
3. Blind box rules The
first phase of the blind box game launched on February 26 will officially launch an auction of 4 NFT works with a bidding time of 4 hours at 10:00 (UTC+8) that day. The winning bidder can choose to remake or open the NFT blind box within 1 hour-if you choose to remake, the seller can customize the amount and time of the remake (the bidding time must be on February 27th 09: End before 30); if you choose to open the blind box, if you win the game and the game ends, if you don't win, the probability of winning the other three works will increase, and the value of the three NFT works will be higher and higher. If the NFT blind box has not been opened, CROSS will automatically open the blind box at 10:00 on February 27th and announce the address of the CVT equivalent of 0.5 BTC.
4. Blind box revenue
1. Players who successfully bid but do not receive blind box rewards can get NFT works equivalent to the price;
2. Players who successfully bid and receive blind box rewards can get NFT works equivalent to the price + 0.5 BTC equivalent CVT;
3. The proceeds of NFT works are obtained by the artist, and 10% of the proceeds from the auction will be donated to domestic and overseas charities for charitable purposes;
4. CROSS only collects 2% of the proceeds as a handling fee, and will also invest the handling fee into the artist support plan.
5. Blind box cooperation
Well-known NFT artist Chi Lei will design different Chinese Year of the Ox NFT based on the brand elements of CROSS’s partners. CROSS’s co-branded organizations in the blockchain field include: Huobi ECO Chain, MXC, Poloniex, TRON, Cointelegraph, Bitget, Piction Network, Planet Daily, etc.
6. The meaning of blind box
A long time ago, because Bubble Mart led the blind box trend, there was a benchmark for the form of NFT+ blind box, hoping to replicate the blind box gameplay to NFT works. It is true that the blind box gameplay is the icing on the cake in the entire platform or project. Collectors really pay attention to the scarcity, intrinsic value, IP blessing, wealth effect, innovation and other characteristics of NFT. It is precisely these characteristics. Let NFT come into people's field of vision. In the CROSS blind box game, as the blind box is not opened, the value given by NFT will accumulate higher and higher.
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