Azuki, a successful Non-Fungible Token (NFT) project, has announced an exciting Elemental sale that will commence on June 27, 2023, at 9 AM PT. This sale, unlike any other, is designed in three phases targeting Azuki holders, BEANZ holders, and the general public.
The Elemental Sale
Starting at 9:00 AM PT, the first phase of the sale will allow Azuki holders to mint one Elemental per Azuki owned. Ten minutes later, at 9:10 AM PT, BEANZ holders will have the same privilege with the added benefit of Azuki holders being able to mint further based on their remaining Azuki.
The last phase of the sale opens up at 9:20 AM PT, availing a maximum of three Elementals per wallet to the public. It is vital to note that allocations from the first two phases won’t be carried forward to this phase.
The public sale will be based on a Dutch auction mechanism, starting at 2 ETH. Throughout the auction, the price will see a reduction of 0.1 ETH every 5 minutes until all the collections are sold out. The total supply across all the phases is limited to 10,000 Elementals. If the accumulated mints during phases one and two reach this limit, the public sale won’t occur.
For those who mint during the first two phases, a deposit of 2 ETH will be necessary. These participants will later receive a refund that equals the difference between their deposit and the final terminal price of the Dutch auction.
Azuki’s Metaverse and Collectibles
Since its launch in January 2022, Azuki has amassed 10,000 unique assets, leveraging a Profile Picture (PFP) mechanism to create each unique character. Following this triumph, Azuki initiated its metaverse, ‘Hilumia’, offering a multitude of virtual activities for collectible holders. This success is represented in individual assets selling for as much as $1.4 million.