Everyone Benefits! A first note about our exclusive store.
It has been exactly three months since the inception of the NeoWorlder project. Sign-up to the platform will be accepted in a few days, and the first NFTs will go on auction.
We have kept a secret from the public: a gamified e-commerce store, the last piece of the NeoWorlder infrastructure, is scheduled for release when members can transfer BUNs to and from their cryptocurrency wallets (i.e., approximately October 2021). This was not included in our initial white paper due to the short timeline we are operating under; however, it will be included in a subsequent version.
To illustrate this keystone piece, consider this example. If a member bids on an auction and fails to win the NFT, they cannot receive a refund for their bid, as our auctions are pay-to-bid.
(a) We have implemented a system where every 13 BUNs spent in an auction grants the member a Ticket (TIX), a purchase currency exclusive to the NeoWorlder store. This currency has no cap or limit and can be used by members and non-members.
(b) Each TIX is created from bidding and burned upon an item’s purchase.
(c) The auction functions as an exchange from BUNs to TIX and purchasing uniquely commissioned items by NeoWorlder. This could include, for example, a limited-edition set of 100 Jimmy Choo shoes, a dinner with J-Lo, or the NeoWorlder board game, all of which are exclusively available from the store, dubbed Satoshi’s Lounge.
(d) Items in the store are made to order, have never been traded before, and are only available at the store. The value for each item is assigned in TIX and is paid for from an allocated revenue pool reserved for mystery gifts and store items. Mystery gift items may also be chosen from this store.
(e) The TIX is a cryptocurrency that can be stored in a cryptocurrency wallet, allowing non-members to access the store, provided they pay for items in TIX.
Our challenge is to provide value to our customers within our budget. We may offer items for a fixed price, a time-limited or blind auction in TIX, or any other method that ensures fairness. Items that can be shipped (excluding shipping charges) will be sent to their owner.
The store is expected to be available when BUNs are released to members (approximately October 2021). However, members bidding from 21 June 2021 will start accumulating TIXs immediately.
