TopBidder — a radical auction protocol, based on NonFungible Token standards. It adopts the theory of the radical market and implements a mechanism for the production and auction of non-permanent cryptoassets (Radical NFT, called rNFT).
Contents:
About TopBidder project
TopBidder protocol enhances the ERC721 standard with an additional rate feature. Any bidder can acquire ownership of rNFT if their bid is 10% higher than the last bid. Thus, any rNFT has a natural self-rating mechanism, while compatible with traditional NFT exchanges, improving the liquidity of the NFT and realizing price autonomy.
What are the characteristics of rNFT:
| 1 | Cannot be destroyed or restricted in circulation. Anyone can transfer rNFT to their address, increasing the price by 10%. |
| 2 | Successive art bidders will also become part of the artwork, this will bring a new form of artistic creation. |
| 3 | It has the attributes of both collecting and speculating to suit the needs of different types of bidders. |
The TopBidder protocol stipulates that users can only own rNFT assets for a specified period of time. During this period, buyers are only allowed to display and trade rNFT, but are not allowed to issue derivatives. The artists own the copyright for the works.
RNFT, issued under the TopBidder protocol, uses ETH as its trading standard. Firstly, ETH has the best liquidity on Ethereum, and traders do not need to exchange for ERC20 and approve the contract to participate in the auction. Secondly, the calculation can save gas costs in the ETH standard.
Social media and more
There are no WhitePaper and RoadMap documents on the site. Instead, a section with rules is available. All features of the project are there.
From social networks, the community leads:
- twitter;
- discord;
- instagram.
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