The First BNB City District Auction
Govern a District on the BNB Chain gaming map
Districts are the larger siblings of land plots that feature on the MegaWorld gaming map. All land plots in the game are contained within a District, all of which may vary in size, form and location.
Districts are minted in the form of NFTs and stored in players’ digital wallets. Districts could be freely transferred or traded between players on the market.
There are limited number of Districts on each gaming map (for example, there is only 55 Disitrcts in Ethereum City). No new Districts will be ever created on these gaming maps. When a new gaming map is created all the Districts are considered closed. Districts’ ownership rights are distributed on auctions. The first District was opened in May 2018 on Ethereum map.
Ethereum Districts starting auction price was 5 ETH, some sold on the secondary market for up to 65 ETH.
BNB City District 305
Auction for the District 305 on BNB Chain starts December 22, 2022 at 6 PM UTC. That will be the first District to be governed by a player in BNB City.
Initial price — 1 BNB. Minimal bid — 0.1 BNB.
Each bid prolongs the auction for another 5 days. If the auction does not receive a higher bid in 5 days the last bidder wins the auction. If a new bid is made all the previously placed BNB is returned directly to the previous bidder’s wallet.
Auction will not end earlier than January 5, 2023. If not finished until January 19, the highest bidder on January 19, 2022 at 6 PM UTC will win the auction.
Governing a District
District owner defines conditions for all the building types and sets an initial land plot prices in the event of a new District opening. After the District is opened a District owner receives taxes from every action in the District as well as shares from land plot sales and operations in the MegaWorld*.
The benefits of governing a District are as follows:
- Land plot sales — a share from price paid in ETH, TRX or BNB by players to acquire land plots in the District;
2. Tax — District owner receives a share from every MEGA paid to perform an action in the District:
- Construction of a building
- Upgrading a building
- Production collected in Energy, Industrial and Production buildings
- Citizens collected in Residential buildings
- MEGA collected from Office buildings
- MEGA paid in Municipal buildings
- Stamina restored in Commercial buildings
- Custom Buildings deployed on a land plot *
3. Tax share from Custom Buildings Units sold in MegaWorld *
4. Tax share from every item sold on the gaming map in MegaWorld *
* — to be implemented in MegaWorld Alpha.
District owner sets game rules on its territory in the District Control Panel that is available in the Districts list only for the token holder.
When a new District auction is started every player is invited to take part — enter the game and select the “Districts” menu.
An active District auction will have the “MAKE A BID” button.
In order to make a bid a player transfers the required ETH/TRX/BNB to the smart contract where all funds will be locked until the auction end date or a higher bid occurs. In the event of a higher bid, the funds will be returned to the same wallet address where it came from.
After a bid is made, any participant can make another bid within 5–7 days, otherwise the district will then be awarded to the player who has the last bid.
Opening a District
Auction winner claims the District ownership rights in a form of District token minted to a digital wallet on a L1 network. Then the winner sets the initial land plot prices and selects the District opening date — that can not be less than 24 hours from the moment the auction finished. That time period is required for the team to handle announcements and invite players to participate in the District opening event to acquire spare land plots.
New District auction can be started not earlier than 7 days after the previous auction was finished.
Play the game — http://mcp3d.com
Stay tuned — https://twitter.com/megaworld_io