Gold Saucer Auction
Place your bid in at the Gold Saucer! Your bid will determine the amount of NFTs you get. The current price will increase based on bids placed into the Gangster Pot until the bid ends!
The Gold Saucer Auction is an auction where bidders can participate with a dynamic amount of ETH. They can, at any time, increase the amount of ETH they’re bidding towards the auction. When the auction duration ends, the final price of each NFT is algorithmically calculated depending on the total ETH bid and relative to the total supply.Any ETH amount in excess of the user’s bid divided by the final price is refunded.Bids that fall below the final price are also fully refunded.
Bids for the Gold Saucer Auction are put into a Gold Saucer Pot. At the end of the auction, an algorithm calculates the final price where exactly 4,444 tokens will be awarded to the highest bidders. Each bidder is eligible for multiple NFTs based on their bid and final price. Everyone (bidders and allowlist participants) will be airdropped their NFTs at the same time, ensuring fair distribution. Bids above the final price will receive NFTs plus a refund of the remainder. Bids below the final price will receive a full refund. Example: if you bid 1.6 ETH, and the final price were 0.75 ETH, you will receive 2 NFTs and 0.1 ETH in refunds.
You participate by committing your own desired amount of ETH. You can, at any time, increase the amount of ETH you are bidding towards the auction. Once submitted, bids cannot be canceled.The minimum bid is set at 0.1 ETH.
The algorithm uses a goal-seek method that calculates the price at which exactly 4,444 tokens will be allocated to the most valuable bidders.
There will be 4,444 NFTs distributed through the auction.
The Gold Saucer Auction will last for 48 hours. It will begin on September 3, 2022 9:00AM EST and will end on September 5, 2022: 9:00 AM EST.
When the auction duration ends, the final price will be determined by an algorithm that calculates the final price where exactly 4,444 tokens will be awarded to the highest bidders. Those bidders will receive a number of NFTs according to their total ETH bid divided by the final price and get refunded the remainder.
Everyone who participates in the Gold Saucer Auction will receive a commemorative Golden GAS Chip for their participation. The Golden GAS Chip is soulbound and cannot be traded and acts as a token of appreciation.Yes, you will be airdropped your GAS: Evolution NFT if you win the auction. The airdrop will commence after the allowlist mint phase and all bids have been processed. Bidding in the auction is merely a reserve to purchase at a specific price and not guaranteed. If your bid falls short, you will be refunded the full amount you sent in the transaction.
Bidding in the auction is merely a reserve to purchase at a specific price and not guaranteed. If your bid falls short, you will be refunded the full amount you sent in the transaction.All winners will be airdropped their Gangster NFT after the Gold Saucer Auction and Allowlist sale ends, and bids have been processed (which could take approximately 12 hours). This means auction bidders and allowlist participants will receive their NFTs at the same time.Successful bidders will be airdropped NFTs according to their win share, alongside the remainder from the auction less any amount spent on the allowlist phase.
Refunds will be issued after the auction and allowlist mint phase have ended, and bids have been processed. For successful bidders, ETH in excess of the value needed to purchase a whole NFT will be refunded minus any amount they choose to spend on the allowlist phase. For unsuccessful bidders, they will be refunded the total amount of ETH they bid during the auction minus any amount they choose to spend on the allowlist phase.The formula is REFUND = YOUR TOTAL BID - (FINAL PRICE * ELIGIBLE QTY AT FINAL PRICE) - AMOUNT SPENT DURING ALLOWLIST.
We understand that some of you are worried that your funds will be locked up if you bid in the auction and won't be able to mint during the allowlist phase. We will be implementing a credit system where the ETH amount due to be refunded to you will be usable to mint during the allowlist phase. Then, once the allowlist phase has ended and bids have been processed, you will be refunded your ETH balance.If you bid during the auction and decide not to use the credit for the allowlist mint, you will be refunded the complete remainder OR the complete balance if it was an unsuccessful bid.
Once you approve the transaction on your wallet, the bid is final. It cannot be canceled. You will only receive a partial refund after the Gold Saucer Auction has finished if the bid succeeds, or a full refund if it fails.
Everyone who participates in the sale through bids or allowlist will receive a commemorative soulbound Golden GAS Chip as a token of appreciation for their participation regardless of whether it was successful or not. This token holds sentimental value and serves as a memento for everyone who participates in our Gold Saucer Auction and mint. It will not have any utility in any way. This will come at no additional gas cost.
The Golden GAS Chip is a token of appreciation for all bidders and allowlist participants. It serves a memento for this event and it will not have any utility whatsoever.
You may read our Auction Terms of Service here.You can also find out Platform Terms of Service here, and our Commercial License here.
ALL RIGHTS RESERVED GANGSTER ALL STAR 2022