TGLP Sumeragi Presentation + Auction Details

2023-01-25

TGLP Sumeragi Presentation + Auction Details

We are excited to share more details about the upcoming TGLP Sumeragi NFT collection! This auction will begin next week on February 1 and last for 4 days.

This collection is inspired by our passionate Japanese community and follows the theme of “Tenset Sumeragi”! There are 500 NFTs in total, each with a unique design. You can view samples of these designs below:

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We are pleased to share that the auction system has been upgraded and can now facilitate bids from non TGLP subscribers using the 10SET token. Similar to 10SETx users, a minimum bid of 5000 10SET will be required (as this is what a TGLP subscription requires).

As with previous TGLP auctions, it will be also open for TGLP subscribers and 10SETx users. Subscribers will need to place a bid in 10SET or 10SETx tokens, and if they successfully win a bid, those tokens as well as their 10SET tokens locked in TGLP will be burned in return for the lifetime NFT. 10SETx users can participate by placing a minimum bid of 5000 10SETx. More info about 10SETx can be found here: https://marketplace.tenset.io/tenset-x

Tenset Sumeragi collection will carry a powerful DOUBLE UTILITY:

  • Lifetime subscription to Tenset Gem Launch Platform including all launches, with no need to lock tokens or subscribe each year.
  • Can earn a share of the 1% 10SET token transaction tax. In the near future it will be possible to lock the NFT on Infinity and earn a share of these rewards. This perk is reserved for Tenset Original NFT collections (which currently includes Genesis and Sumeragi collections).

The auctions for these 500 NFTs will begin at 10AM UTC on February 1.

  • A batch of approximately 11 NFTs will be listed every 2 hours on https://marketplace.tenset.io/auctions
  • Each bid sets the timer to 20 minutes, with a maximum duration of 2 hours
  • Bids can ONLY be placed in 10SET or 10SETx tokens
  • A TGLP subscriber can place the first bid at 0 10SET, or non subscribers at 5000 10SET/10SETx.
  • If no other users place a higher bid before the time elapses, the first individual successfully wins the auction.
  • However, other users will have the option to place a higher bid.
  • The second bid must be a minimum of 100 10SET.
  • The following bids must be at least 10% greater than the existing bid.
  • When a new bid is placed, all 10SET/10SETx tokens sent by the previous bidder are automatically returned.
  • Users can bid and win in more than 1 auction simultaneously. For each additional bid, minimum 5,000 10SET/10SETx is required (this is considered in place of a TGLP subscription)

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