Standard Bidding - Selection

This section will cover the details of the standard bidding.

Walthrough

Button: Duplicated the selection

Button: Removes the row

Assets: shows the number of NFTs in the collection, this represents the number of Assets in our database

Split: Splits the current thread (row). Example: If a rarity range of 0 to 100 is selected when it is split to 5, the system will create 5 new rows: 0 to 20, 21 to 40, 41 to 60 and so on.

Floor: Floor Price of the collection

Royalty: Commission the collection owner receives from each sale on Opensea

0: Starting input, in this example it indicates that that the bids will start from the Token ID: 0

9995: Ending input, in this example it indicates that that the bids will stop at Token ID: 9995. Numbers are inclusive in the fields, meaning both token id: 0 and 9995 will receive bids in this example:

Token ID: Indicates the bids will be placed on the token ids of your selection indicated in the above fields Can be changed to Ranking for bidding on Rarity by selecting ranking in the dropdown list.

Top 10% Auto-selects top 10% of the token ids or rarities.

Bottons 10% Auto-selects last 10% of the token ids or rarities.

Loop: Shows how many loops have been completed if the looping is on.

0/0: Shows the number of NFTs that the system is going to be placing bids. These number changes according to the traits and conditions (explained below).

Default Bid: Minimum bid value that is going to be sent to the selection of assets:

Max Bid: Maximum bid value that is going to be sent to the selection of assets:

F.P: Adjusts the value to the Floor Price

F.P /2: Adjusts the value to the half of the Floor Price

Apply All: Apply the values to the all fields for the same collecitons.

Competitive: Outbids competitors according to your min and max value. Example: In a situation where your min bid is 0.1 and your max bid is 1 ETH, if the NFT you are sending bids have a current offer of 0.6 as the highest current bid, the system is going to place a bid of 0.6001 to outbid your opponent. Keep in mind that Max bid input field will only become viisble if the Competitive is toggled on.

If the current highest bid is above your max bid, the system is not going to send any bids in order to save WETH spend limit: (link here to the section)

Counter: Instantly counterbids when a competitor outbids you.

Counter Bidding is not a standalone structure, meaning it will still consume from your overall bidding speed. If you are placing new bids constantly you will notice that the number of pending bids might keep growing depending on how many outbids you are receiving. You need to use counter bidding wisely, the system cannot possible catch up with countbids if you pick a big range which is very competitive. Imagine a very competitive collection where you are getting outbid on 1000 NFTs per minute, the pending number will keep on increasing as you are limited by 60 overall bids per minute per wallet. So instead of just toggling on for the sake of doing it, use it on the traits and/or rarity ranges where you want to be extra competitive.

Loop: Makes the thread start over once the bids are sent.

Wait After Every Loop: This is the delay between loops. Keep in mind that the system starts bidding after the round of bids are sent.

Stop Value: Stops your bidding process when the collection floor price reaches at the certain value user sets: Min Floor: Bidding stops if the collection floor price reaches minimum threshold set. Max Floor: Bidding stops if the collection floor price reaches maximum threshold set.

Expire Time: Input field for setting expiry of the bids, can be in minutes or hours. For competitive collections, the best practise is setting short expiry times since you are either going to be looping or counter-bidding on the collection.

Buy Now Only: Only sends bids on NFTs which are actively listed for sale on Opensea.

Trait Count on/off: Changes the calculation to Trait Count: On or Trait Count: off modeling (ADD THE EXPLANATION LINK)

Select Traits: Pop-up screen for selecting particular traits to place bids on

Or - And: Places bids on traits using the AND or OR logics Example: If "a" or "b" traits are selected, the system going to send bids on all NFTs which either contain "a" or "b" traits Example 2: If "a" and "b" traits are selected, the system going to send bids only on NFTs which contain both "a" and "b" traits at the same time.

Stats: Allows users to place on specified stats on NFTs

Once "Select Stats" button is clicked, the available Stats of the collection are shown in a pop-up menu for selection

You can place your bids based on the stats input values:

The values above correspond to the Stats value on the collection: