Raffles / Auctions / Fixed Price

Raffles

Any project on MIDNIGHT can opt in to offer their art through a raffle system. Our infrastructure allows projects to not only sell raffle tickets, but also give them away as rewards for community engagements.

Raffle tickets can also have perks associated with them, at the discretion of the project owner.

Auctions

Auctions on MIDNIGHT are for a fixed period of time, after which, the highest bidder is the winner.

Each auction has a defined Minimum Bid Increment, as defined by the lister. For example, if the current bid is 1 ETH, and the MBI is 0.2 ETH, then the next minimum bid would be 1.2 ETH.

All bids are held by the MIDNIGHT platform whilst they are the highest bidder. If a bid gets overtaken, the funds are automatically released back to the bidder.

Fixed Price

Owners can also list their items at their desired fixed price with infinite duration.