The Auction Of Wolf Of Wall Street NFT — CZ

LFGSwap
4 min readApr 4, 2023

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Who is CZ

Changpeng Zhao, who goes by CZ, is the founder and CEO of Binance, the largest cryptocurrency exchange in terms of daily trading volume in the world.

He went all-in crypto in 2014, selling his house and buying BTC at an average price of $600 per coin. Even though Bitcoin’s price soon crashed to $200, CZ’s belief in the tech helped him HODL through the bear market.

CZ launched Binance in July 2017 at the peak of the initial coin offering era and kept building until Binance become one of the leading global crypto exchanges.

Reference

Why we created this NFT

Inspired by his strong belief in Bitcoin and his dedication to building the largest exchange in the world. We created this NFT to pay tribute to him and thank him for promoting the progress of the Web3 industry for many years.

The reason why we chose to design after this picture is quite funny.

Rumor had it that CZ got shot by the FBI, he took this picture to fight back against this nonsensical fud, as well as to echo his plan for this year.

4. Ignore FUD, fake news, attacks, etc.

We are seen

Thanks to the promotion and sharing by our strong & diversified community, the NFT was noticed by CZ himself!

When you see it, you know it's gonna stay.

Our community got so excited seeing CZ post his feeling with Wolf of Wall Street NFT.

LFGSwap will always keep building!

Here comes the even more exciting part

🎉 To celebrate the historical moment, The Wolf Of Wall Street CZ NFT will be the very first one to be auctioned! 📹

The auction revenue will be divided as follow:

30% — Marketing

20% — Creator

30% — $LFG token buy-back

10% — Proportional reward to Wolf Of Wall Street NFT holders

10% — Airdrop reward to $LFG token holders

The Venue: https://www.lfgswap.finance/auction?chainId=42161

The auction is about to start! This is a non-traditional English auction, and we’ve introduced innovative rules to make this auction even more exciting! If you want to be the new owner of this NFT, then please read the following rules carefully.

When the auction begins, you need to submit your USDT bid on the auction platform, which must be higher than the previous bid and comply with the auction rules. Naturally, If you want to win the NFT, then you need to bid higher. At the end of the auction, the highest bidder will become the owner of the NFT, and if the highest bid is submitted within the last few seconds of the auction, the bidding will automatically be extended by 60 seconds to ensure that all bidders have the opportunity to submit their highest bid.

Auction time: The auction starts on April 6th, 13:00 UTC, and each round of bidding lasts 60 seconds until the end.

Bidding: Bidders can submit a higher amount of USDT than the previous bid on the auction platform.

Bids can be increased cumulatively and must comply with the auction rules.
The amount of USDT to be authorized should be greater than the total amount in the wallet

Highest Bid:
At the end of the auction, the bidder with the highest cumulative bid will become the owner of the NFT.

If the highest bid is submitted within the last few seconds of the auction, the auction will automatically be extended by 60 seconds to ensure that all bidders have the opportunity to submit the highest bid.

If you bid successfully, then congratulations! You need to pay the bid price to the seller within the auction period. If you fail to pay in time to successfully upload the transaction on-chain, then it's a real pity, because the transaction will be considered void. If you did not win the bid, you can get your bid USDT back after the auction time closes.

Payment: Successful buyers need to pay the bid price to the seller within the auction period.
If the buyer fails to pay in time for successful payment onchain, the transaction will be considered null and void.

Once the seller receives your payment, the NFT will be delivered on April 8th. Make sure you have a secure digital wallet to store and manage the NFT.

Delivery:
Once the seller receives payment, the seller will deliver the NFT to the buyer on April 8th.
The buyer need to make sure he/she has a secure digital wallet to store and manage the NFT.

Finally, let’s take a look at the auction fees. The auction platform will charge a fee of 0.7% of each bidder’s bid. This fee will effectively discourage fraudulent transactions and speculative users and is also included in the highest successful bid. In addition, we’ll be giving participating users Wolf of Wall Street merch and a whitelist of NFT avatars, so don’t miss this opportunity!

Auction Fees:
The auction platform will charge a fee of 0.7% of each bidder’s bid.
These fees will effectively discourage fraudulent trades and speculative users.
We will give participating users a Wolf of Wall Street gift and NFT avatar whitelist.

Above are the detailed rules of this NFT English auction, hope it can help you. Now, are you ready?

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LFGSwap

Bio: LFGSwap is a community-driven organization built to solve the liquidity problem ------ Offical website: https://app.lfgswap.finance/