Up to now, CROSS has 240,000 users. The development of CROSS, a decentralized NFT distribution and auction platform supported by the CyberVein Foundation. It is expected that the Mystery Box blind box game will be officially launched this month. At the same time, the enterprise sector and NFT will be opened before the Q2 of this year. Partition and other functions.
In the NFT field, the applications involved include encrypted art, collectibles, domain names, virtual worlds, games, etc., all of which have seen a surge in value and price. In CROSS, NFT applications have added digital tokens, AI training models, digital financial derivatives and other scenarios. Within a year, the transaction volume and transaction volume of the NFT market have surged, and the transaction volume alone has increased by nearly 25 times.
1. Introduction to Blind Box
The CROSS Blind Box game is planned to be held every two weeks, and 4 NFT works will be launched in each period. Each work is a mystery box, and only one of the works contains additional awards. The CyberVein Foundation will provide each period with that CVT award equivalent of 0.5BTC in the blind box. The first phase will start in late February. At present, well-known NFT artist Chi Lei will design different Chinese Year of the Ox NFT based on the brand elements of CROSS’s partners. CROSS has co-branded and cooperated in the blockchain field with 8 institutions, involving exchanges, public chains, and media.
2. How to play
Log in to the Mystery Box area of the CROSS platform to bid on any NFT work currently being auctioned. This auction model adopts a Vickrey auction, which can also be called a blind auction. The only difference is that the winner needs to pay a higher price Starting price, it can maximize the internal value of the lot. After successful bidding, users can choose a second auction within a specified time after obtaining the NFT works, or they can choose to open the mystery box to see if they have won the prize.
3. The Blind Box rule
The first phase of the online Mystery Box game will continue for 24 hours, and an auction of 4 NFT works with a bid time of 4 hours will be officially launched at 10:00 (UTC+8) that day. The winning bidder can choose to relist or open the NFT blind box within 1 hour-if you choose to relist, the seller can customize the amount and time of the relist (the bidding time must be at 09:30 the next day End before); if you choose to open the mystery box, if the game ends if you win, if you don’t win, the probability of winning the other three works will increase, and the value of the three NFT works will also increase. If the NFT mystery box has not been opened, CROSS will automatically open the mystery box at 10:00 on the second day and announce the address of the CVT equivalent of 0.5 BTC.
4. Blind box revenue
① Players who successfully bid but do not receive mystery box rewards can get NFT works equivalent to the price;
② Players who successfully bid and get blind box rewards can get NFT works equivalent to the price + 0.5 BTC equivalent CVT;
③ The proceeds of NFT works are obtained by the artist, and 10% of the proceeds from the auction will be donated to charities at home and abroad for charitable purposes;
④ CROSS only collects 2% of the proceeds as a handling fee, and will also invest the handling fee into the artist support program.
