Binance implemented a subscription mechanism that gives everyone an equal opportunity to purchase newly released NFTs, responding to drops that sell out in seconds and leave interested users waiting for initial owners to flip.
Source quote, verbatim
In response, Binance implemented a subscription mechanism that lets everyone have an equal opportunity to purchase newly released NFTs on its marketplace.
Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
Holds when
limited supply and high demand NFT drops
Classification
designsupport: evidencedinstitutional-design
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