📄Auctions

Participate in private auctions: Get unique NFTs at the best prices!

Join DAOLama's closed auctions and get a chance to own unique digital assets! All NFTs that were not redeemed in time are sent to auction. NFTs go to auction at a price lower than the current NFT float.

Who can participate in the auctions?

Auctions are only open to NFT DAOLama owners with the Auctions attribute.

How does it work?

• NFT that users have not bought back from the pledge are auctioned.

• Each NFT waits 24 hours before being auctioned - this is the time during which it can still be bought back by the owner, if there is a DAOLama NFT with the Buyback property.

• After that, the auction for that NFT is available to be started for owners of NFT DAOLama with the Auctions property - as soon as the first bid is made, the auction will be started.

• The starting price of the auction is the Buyback price for which the user should have bought back this NFT + 5% - daolama.co service fund to cover losses on unrealised NFT.

• If no bid is made within 24 hours, the NFT is put up for direct sale on marketplaces.

• The auction lasts 24 hours from the moment of launch and is extended by 15 minutes if the bid is made in the last 15 minutes.