Fellow Binancians,
The Binance NFT Marketplace is excited to present the “Highstreet: Initial Home Offering” Mystery Box Collection. The launch of the Collection will follow the Subscription Mechanism feature. Each Mystery Box contains one NFT and is priced at 50 HIGH.
What Is Highstreet (HIGH)?
Highstreet is an open-world metaverse that incorporates shopping, gaming, NFTs, traditional and crypto brands in an MMORPG game.
Buy Highstreet: Initial Home Offering Mystery Boxes Now!
Subscription Mechanism Timeline and Details
With this new feature, all participating users stand a fair and equal chance of successfully purchasing an NFT during NFT primary sales.
1. Preparation Phase: 2022-02-07 00:00 (UTC) to 2022-02-09 02:00 (UTC)
Users are required to meet the minimum daily average BNB holding of 0.1 BNB during the Preparation Phase to be qualified to participate in the corresponding NFT primary sale.
2. Subscription Phase: 2022-02-09 02:00 (UTC) to 2022-02-10 09:00 (UTC)
Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive 4 participation tickets, as determined by the corresponding NFT project. During this Phase, users have the option to subscribe to the NFT primary sale by committing part or all of their participation ticket(s) to a pool, where all committed tickets have a fair chance of winning. The number of committed participation tickets will determine the amount of HIGH tokens to be locked, which will only be refunded at the end of the Distribution Phase.
The more tickets a user commits, the higher the chance for the user to buy more NFTs in the NFT primary sale.
3. Calculation Phase: 2022-02-10 09:00 (UTC) to 2022-02-10 12:00 (UTC)
The system will select winning tickets from all committed participation tickets in a fair and random manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.
4. Distribution Phase: 2022-02-10 12:00 (UTC)
Users who hold winning participation tickets will be able to purchase the NFT(s) in the NFT primary sale and the HIGH tokens equivalent will be deducted accordingly. The remaining HIGH tokens will then be automatically refunded to users’ spot wallets.
To learn more about the Subscription Mechanism, read our blog here and a detailed step-by-step guide here. Stay tuned to Binance NFT’s Telegram, Twitter, and Instagram for the latest updates!
Learn More About Binance NFT Marketplace:
Terms & Conditions:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-02-07
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was updated on 2022-02-14 to make corrections to the subscription rules.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
