🟧Autions

Buy a Key to Acquire the Inscription You Want: When you win an auction, you acquire the Safebox Key for that Inscription. With the Key, you can redeem the actual Inscription by redeeming:

• the Key

• 1M µTokens

So, auctions enable you to buy keys to acquire specific Inscriptions, not random ones. Since 1M µTokens is pegged to the floor price, the Key's value represents the Premium over the floor.

Isolate Exposure to Coveted Traits: Auctioning Safebox Keys allows for isolating exposure to specific rare and in-demand traits. Owners can opt to auction Keys for their Inscriptions with attributes most likely to appreciate in value. As a bidder, you can target Keys tied to traits you believe will become scarcer and more valuable over time.

Power Bidding Extends Auctions: If a bid significantly exceeds the previous one, the auction can extend up to 24 hours. This provides more users globally the opportunity to evaluate and participate. Power Bidding enhances accessibility, competitiveness, and price discovery. The highest bidder wins the Safebox Key, securing redemption rights over the auctioned Inscription.

Auctions introduce transparency and efficiency in acquiring ownership of Ordi Launch's most elite Inscriptions.