FomoNFT
  • About FomoNFT
  • Accumulative Auction
  • A Sample Auction
  • How to Place a Bid
  • Bidder Earns BNB When Bids Come In
  • Auction Round Time
  • Jackpot Distributions
  • Claiming BNB Rewards and Won NFTs
  • FAQs
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Jackpot Distributions

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Last updated 3 years ago

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When an auction eventually closes, the jackpot, holding 100% of the aggregate amount of all bids, will be distributed to three parties: 50% to all bidders, 37.5% to the winning bidder, and 12.5% to the NFT seller. The winning bidder will also see the won NFT in his or her account page pop-up.

Rewards are distributed and are withdrawable immediately when an auction ends.