Show HN: Launched NFT auction protocol, listings start 99% below floor price
Just launched NFT Deals, an auction site for premium NFTs, starting at 99% below floor price with no reserve.
This is made possible because the auction’s smart contract takes a fee from each bid – not just the winning bid.
The cumulative fees can earn sellers more than the floor price, while the winning bidder gets a huge flip opportunity on the NFT.
Whoever holds the “top bid” position for 24 hours will win the NFT – easier said than done because each bid extends the timer by 24 hours.
Would love to get your questions, critiques, concerns, and feedback.
If you want to participate in the first auction, go here https://app.nftdeals.xyz/auction2/0xf2c50dA3C1462873d8604a2E9Dc92FcC6f80924a (you'll need Wrapped ETH). Just tell it like it is: you created a scam penny auction site for a scam asset class. What prevents you from just creating a second account and always ensuring that you break even by bidding higher than what it should be worth? dont care, nft trash you havent posted since 2014, then suddenly come back promoting NFT trash how does this differ from superrare or zora?