What is Dynamic Pricing?
Dynamic Pricing is an automated pricing assistant that simplifies pricing for creators. Creators choose a price range and let the market determine the final fair price through a rebate Dutch auction. Everyone ultimately pays the same best price.
Dynamic Pricing is ideal for creators who are unsure about setting a Fixed Price for their drops, while ensuring collectors have an optimal and fair collecting experience.
When a Dynamic Pricing auction begins, the price starts at the higher end of the range and gradually decreases over time. Collectors can mint at any price point they’re comfortable with. If the auction sells out or concludes at a lower price, collectors who minted earlier at a higher price can claim a rebate through the drop’s smart contract.
- No more anxiety around pricing your drop.
- All collectors receive the same best price.
- A smoother selling experience for everyone.
To learn more about Drops, check out the Drops FAQ.
What’s the difference between Fixed Pricing and Dynamic Pricing?
Fixed Pricing
With Fixed Pricing, creators set a single price and collectors pay that amount for each NFT minted from the drop. Once minted, NFTs can be resold on the secondary market via Reserve Auctions, Buy Now, or Offers.
Dynamic Pricing
With Dynamic Pricing, creators define a price range and auction duration. The sale begins at the starting price and decreases incrementally until it sells out or reaches the resting price. After the auction concludes, early collectors can claim a rebate if the final price is lower than what they paid. Minted NFTs can also be resold on the secondary market.
What happens during a Dynamic Pricing drop?
The price decreases over the duration of the sale. Collectors can mint at any point during the auction. Once the auction concludes, eligible collectors can claim a rebate if the final price is lower than their mint price.
How does the price decrease?
Creators define the price range and sale duration. Dynamic Pricing automatically decreases the price over time based on these parameters.
How do I mint from a Dynamic Pricing drop?
Navigate to a drop and click Mint.
- Navigate to the drop collection page.
- If the Mint button is available, click Mint (up to 10 NFTs per wallet).
- Confirm the transaction in your wallet.
- Pay the required gas fee.
After minting, follow the creator’s communication channels to learn when the NFT will be revealed. Once revealed, the final asset replaces the pre-reveal image.
What if I was an early collector of a Dynamic Pricing drop?
After the sale concludes or if the drop sells out during the auction, you can claim a rebate from the drop contract page. The rebate refunds the difference between the price you paid and the final auction price.
How do I schedule my drop with Dynamic Pricing?
You can schedule Dynamic Pricing after creating your drop contract. Once the contract is deployed, you’ll be prompted to schedule the drop and choose the sale method. Learn how to schedule your drop.
When do I get the ETH from my auction?
After the auction concludes, you can withdraw your earnings from the drop contract page. This sends the ETH directly to your wallet. If your drop hasn’t minted out, future mints will automatically be sent to your wallet.
What happens to my drop after the auction?
Once the auction ends, the drop converts into a Fixed Price drop, allowing remaining NFTs to be minted at the resting price.
If the drop mints out during the auction, the sale concludes and you can withdraw your earnings.
Can I add a presale with Dynamic Pricing drops?
The presale feature is not supported with Dynamic Pricing.
Can I self-destruct a Dynamic Pricing drop?
You can self-destruct a drop that has no mints by following the instructions in Burning (deleting) and self-destructing on Foundation . If you have any questions, please contact Foundation Support.