Mexico City Collection Sale
Last updated
Was this helpful?
Last updated
Was this helpful?
This page is the single source of truth regarding dates, eligibility, and tokenomics for the Mexico City collection sale.
tl;dr: 10 artists sold using a blind Dutch Auction (DA) where the artists are only matched to their corresponding mint pass after the auction ends. To participate in the DA, you must hold at least 1 GTMX and a CryptoCitizen.
Starting price: 20 ETH (Mint Pass) | 200 ETH (Mint Pack)
Resting price: .5 ETH (Mint Pass) | 5 ETH (Mint Pack)
Price paid by Individual Mint Pass Buyers: Market Clearing sellout level or Resting price
Price paid by Mint Pack Buyers: Purchase Price at time of transaction confirmation
Auction Duration: 1 hour
Tokens sold: 517 Mint Passes, with 333 Mint Passes held in reserve for eligible buyers after the sale
Wallet Limiter: 2 Mint Passes per GTMX + CryptoCitizen held, or 1 Mint Pack per GTMX + full CryptoCitizen set held
Reserve: 1 Mint Pass will be held in reserve for each GTMX holder to claim after the sale at the DA sellout price. The right to purchase this will be distributed as a claimable option represented as an NFT. If the GTMX holder doesn’t claim the option within a certain time period, the ability to purchase is opened to others (e.g. other GTMX holders or Citizen holders).
Purchasing
At each price band, collectors can purchase a Mint Pass that is randomly selected from a blind assortment of 10 artists
There is also a button to purchase a Mint Pack for the cost of n artists * the current price band (e.g. if the price band is 1 ETH and there are 10 artists, the price of a mint pack is 10 ETH). This is the only scenario when purchasing buyer pays non-market clearing price.
