Infographic - What is a Dutch auction drop?
How to collect Zoop cards on a dutch auction drop.
Zoop celebrity 3D digital cards are released to the market on the Zoop app via a dutch auction-style process that we call a “drop”. This is the earliest opportunity to get your hands on a new release of a card.
Each card drop will consist of 2 phases:
- In phase 1, users will have to register interest to being part of the auction setting a price range to which they are committed to purchasing the digital card.
- Once enough interest has been registered, the drop will move to phase 2.
- As it will be used the dutch model drop, from the initial maximum price, the price will be going down linearly, every 5 minutes until it is eventually sold out.
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