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Apr 274 min read

7 Bitcoin days Auction live for 7 days!

We are on a mission to empower scholars around the World. Initially, we have raised 689 Stacks for a scholar in India and 761 Stacks for a scholar in Nigeria. Today, we are raising Stacks for a scholar in Russia.

The auction

We invite you to buy one of Seven Bitcoin days in an auction, knowing that all proceeds from the auction (up to 1,000 Stacks*) will go to Luda, a scholar in Russia. The auction will exclusively be homed by Gamma (ex-STXNFT). If you are interested in placing your bid, you essentially have 7 days to do so and you can chose to bid from 7 Bitcoin days here:

Auctions ended | 444.61 STX minus fees | 7 NFTs viewable here

Objective

We would love to raise a total of 1,000 Stacks for Luda which would average one Bitcoin day at 142 Stacks (1,000/7). However, we will be happy if we raise any funds for Luda! Hence, we have set the reserve price at a symbolic 21 Stacks.

*: If by any chance we raise more than 1,000 Stacks in total from 7 auctions, then 1,000 Stacks will go to Luda and any amount above 1,000 Stacks will go to the public wallet (details below), as a reserve to empower future scholars.

Besides, we will have to factor in market place fees, which will be deducted from proceeds sent to scholars.

What's in it for you?

1/ Empower 1 scholar

As promised, your Stacks will be donated to Luda, a scholar in Russia (and any amount above a total raised of one thousand Stacks will go to the public wallet, as a reserve to empower future scholars).

You will then become the owner of a Bitcoin day.

We reserve the right to allow you to upgrade your Bitcoin day to the 21 Bitcoin day collection.

2/ Upgrade to the 21 Bitcoin days**

If and when we deliver on the promise to allow you to upgrade your NFT to the 21 Bitcoin day collection...

If so, essentially, you will be able to burn your current Bitcoin day, and receive an upgraded Bitcoin day which will be part of the 21 Bitcoin day collection. We will be working on the smart contracts in a public Github repository that you can consult here.

Why upgrading?

The idea in a nutshell. The 21 Bitcoin days is a game where every time sellers profit, they also help scholars around the world.

When a Bitcoin day is sold from the 21 Bitcoin day collection, 2,100 Stacks is drawn from the sale price and sent to the public wallet. Essentially, the public wallet will receive 2,100 Stacks for every sale that happens.

Therefore, the sale price will have to be at least 2,100 Stacks for the sale transaction to go through. Let's say the sale price is 6,000 Stacks, then 2,100 Stacks will be sent to the public wallet and 3,900 Stacks*** will be sent to the seller (*** minus market place fees, which are typically a few % point of sale price, depending on the market place).

The 21 Bitcoin days is a game where every time sellers profit, they also help scholars around the world.

What's in it for scholars?

To unlock grants, scholars will have to perform a set of verifiable actions, such as posting homework, giving feedback to peers & writing reflective scripts. Essentially, scholars who learn and mentor others will be able to unlock grants from the public wallet. Besides, we hope to make this process permission-less in the future, for scholars to be able to unlock grants in a permission-less way.

**: the section 2/ of this article is subject to change.

For more information, please contact me on twitter @RaphaelRSierra.

Details:
Public wallet: bitcoindays.btc
The auction of 7 Bitcoin days is being done from Rapha's wallet (rapha.btc) on the Stacks blockchain.

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