The Masters of Time auction series has officially started, and a watch will be auctioned every two weeks in the form of an on-chain lottery on the Bounce app. Each auction is open for a week, during which users can purchase lottery tickets to participate. Each lottery ticket is priced at 5 AUCTION tokens, and a single address can purchase an unlimited number of lottery tickets. After the auction, the smart contract will randomly draw a lottery ticket as the winning ticket, and its holder will win the watch of the auction. The winner can receive an NFT as a certificate of ownership of the watch. The NFT supports transfer, and any holder can use the NFT to receive the corresponding watch at the event held by Bounce at Token 2049 in Singapore.
The first item in the Masters of Time series is the Audemars Piguet Royal Oak series automatic watch. Follow the official X account of Bounce Auction to get the latest auction updates.