Step-by-step: Get into Loot NFT battles and win LTTs
At NeoWorlder, we are delighted to have launched our comprehensive NFT experience, featuring a battle-bidding area, marketplace, and virtual Lootverse platform. Our expansive ecosystem is designed to engage users on multiple levels, with each component designed to operate seamlessly across shared transaction ledgers.
Our crypto-savvy experts are incredibly excited to share with you how to compete in our new NeoWorlder battle arena. Access to Arena is by invitation only, and members can purchase and resell NFTs in auctions. Collecting NFTs unlocks rewards, and creators showcase their creations in the auction arena, where they can gain proceeds from the auctions.
Let’s analyze the NeoWorlder battle bidding process step by step.
Let The Bidding Begin
To commence, members enter the auction arena, where they can join an auction for 5 BUN. This fee increases incrementally by 30 minutes before the start of the battle bidding until the joining fee reaches a limit, when it is then locked.
Members must then allocate the BUN they intend to bid manually or by setting up their bid bot, which automatically bids for them. Bids made in the last 15 seconds of the auction will reset the timer by 15 seconds. The final member who bids when the auction timer expires wins the NFT.
At the upper right-hand corner of the auction card, information about the auction, including its total cap, allocated BUN, miners in the auction, and active bid bots, can be found. This also includes information on the “penalty box,” a system that announces users participating in uncondoned behavior, such as spamming the auction.
The Official Rulebook
Within the Arena battles, two types of auctions can be joined: HardCap and non-HardCap. HardCap auctions have a cap limit (usually 500 BUN), and once bidders reach the limit, they are blocked from the auction and can no longer bid. Non-HardCap auctions have a limit of 10,000 BUN, and members can upgrade their spending limit once by a certain amount for a Ticket fee.
To discourage misconduct, members spamming the auction arena, bidding more than three times consecutively, or bidding in the last three seconds of the auction will be identified in the penalty box with their username, allocated BUN balance, HardCap, and whether their cap has been raised or not.
Battles begin every Sunday at 8:00 AM EDT. Thirty minutes before the beginning of a battle bidding, the joining fee (5 BUN) will double. This will continue until the auction joining fee hits the cap limit (which varies depending on the auction) and the auction is sealed off to new members.
If a member joins 30 minutes after the commencement of the bidding battle, they will have a reduced BUN cap, which is decreased by the number of BUN they spent joining the auction. For example, if members join a HardCap 500 and spend 10 BUN to participate, they will be left with 490 BUN to bid with. This rule also applies to a non-HardCap auction.
The purpose of bidding in an auction is to eventually mine Tickets (TIXs), which members can win by bidding a certain amount of BUN. Numerous different mining ratios can be used. For every amount of BUN expended at the auction, members gain a ratio of Tickets. The lowest ratio is 13:1 (13 BUN for 1 TIX), and the highest is 42:1.
To make their ratios lower, members can strive to earn “degrees,” badges awarded to those who collect majorities in sets. For example, if a member wins the majority of three NFTs in a themed set of five, they can achieve a degree, which will enable them to mine Tickets at a lower cost.
Thus, we have presented your official guide to battle bidding in the Arena. Visit the Arena website and refer to the Miner’s Guide to learn more!
