My Neighbor Alice latest NFT sale took place on January 10th, and demand was off the charts! However, buying format change from FCFS Model to the Binance’s NFT Subscription Mechanism created some confusion within Alice crypto community
Changes to the Buying Format
After the sale, some MNA community members who were unaware of the change expressed some confusion. Since future sales will use the Subscription System, MNA wanted to make sure that everyone understands the differences between these two systems to make next events as smooth as possible.
The Old FCFS Model
In the previous NFT sales, buyers raced to buy up all the available mystery boxes as soon as the sale window opened. This resulted in all the NFTs selling in seconds and many users feeling like they didn’t have a ‘fair chance’ to win.
The New Subscription Model
The fastest and most comprehensive way to understand the new system is to view Binance’s official article, What is Binance NFT Subscription Mechanism and How to Participate.
In short, users now sign up for events in advance, pledge to buy a desired number of mystery boxes, and are then selected using a lottery algorithm. This ensures that everyone who signs up has an equitable chance of purchasing NFTs.
What Will We Create Next?
MNA stated: “As you know, we are always looking for opportunities to express our creativity and bring new NFT creations to the world of Lummelunda. With a very busy spring ahead, you can bet your bottom dollar we will have something fresh in the oven before you know it! Until next time neighbors!”
About My Neighbor Alice
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