Binance NFT Marketplace Launches “Highstreet: Initial Home Offering” Mystery Box Collection

The Binance NFT Marketplace is presenting the “Highstreet: Initial Home Offering” Mystery Box Collection. The launch of the Collection will follow the Subscription Mechanism feature. Each Mystery Box contains one NFT and is priced at 50 HIGH.

What Is Highstreet (HIGH)?

Highstreet is an open-world metaverse that incorporates shopping, gaming, NFTs, traditional and crypto brands in an MMORPG game.

Subscription Mechanism Timeline and Details

With this new feature, all participating users stand a fair and equal chance of successfully purchasing an NFT during NFT primary sales.

1. Preparation Phase

Time: 2022-02-07 00:00 (UTC) to 2022-02-09 02:00 (UTC)

Users are required to meet the minimum daily average BNB holding of 0.1 BNB during the Preparation Phase to be qualified to participate in the corresponding NFT primary sale.

2. Subscription Phase

Time: 2022-02-09 02:00 (UTC) to 2022-02-10 09:00 (UTC)

Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive 4 participation tickets, as determined by the corresponding NFT project. During this Phase, users have the option to subscribe to the NFT primary sale by committing part or all of their participation ticket(s) to a pool, where all committed tickets have a fair chance of winning. The number of committed participation tickets will determine the amount of BNB to be locked, which will only be refunded at the end of the Distribution Phase.

The more tickets a user commits, the higher the chance for the user to buy more NFTs in the NFT primary sale.

3. Calculation Phase

Time: 2022-02-10 09:00 (UTC) to 2022-02-10 12:00 (UTC)

The system will select winning tickets from all committed participation tickets in a fair and random manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.

4. Distribution Phase

Time: 2022-02-10 12:00 (UTC)

Users who hold winning participation tickets will be able to purchase the NFT(s) in the NFT primary sale and the BNB equivalent will be deducted accordingly. The remaining BNBs will then be automatically refunded to users’ spot wallets.

Terms & Conditions

• Each account is limited to a maximum purchase of 4 Mystery Boxes. The Mystery Boxes can be listed on Binance NFT’s secondary market at 2022-02-10 12:00 (UTC).
• Users can find their Mystery Boxes via Binance NFT Marketplace > User Center > Mystery Box.
• Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
• Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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