We’re excited that our first Dutch Auction on nft20.io will begin tomorrow morning around 12pm (noon) EST.  Here's a countdown: https://www.timeanddate.com/countdown/generic?iso=20210614T12&p0=179&msg=MoonCats Dutch Auction Begins!&font=cursive

If you missed the reveals on Discord or Twitter, here’s the two 2017 MoonCats we’re auctioning off.  A special thank you to MidnightLightning on the ponderware team for donating these two MoonCats to the cause.

First, a 2017 Early Rescue, this adorably Grumpy Pure Teal CUDLed up until now by just one owner: https://mooncat.pro/0x001235fa70/

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*pout*

Second, also a 2017 Early Rescue this precious Shy Tortie (Two-Tone) Magenta gets one last CUDL before it goes up for auction: https://mooncat.pro/0x00bef375f5/

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*uwu*

Here’s how a Dutch Auction works:

• The starting price on these two MoonCats will be 1,000 CAT20, each sold separately.
• In a Dutch Auction the price starts high, and slowly drifts down, and the FIRST person to bid on it gets the MoonCat. Therefore, the price will slowly tick down over time, but will not drop below 200 CAT20.
• So, how much are you willing to pay to own these two pieces of history?  Will it be more than your fellow collectors?
• Proceeds from these two auctions will go right into the ponderware Community Fund.  Learn more about the Community Fund: https://www.reddit.com/r/MoonCatRescue/comments/na40vy/mooncat_community_fund/

Why a Dutch Auction?

• ponderware is trying to help find "price discovery" of 2017 MoonCats in general, so the ones picked for auction don't have "clones" or "mirrors” and aren't the more popular character cats to try and limit the variables in this exercise.
• Both MoonCats were rescued by MidnightLightning on 14th Aug 2017 (within the first week of the MoonCatRescue contract being deployed) and we hear minting order is pretty darn cool.
• The community seemed to be valuing 2017 MoonCats at around x3 or x4 the "floor price"; we’ve chosen the starting point for the Dutch Auction to be a little more than twice that, to give people plenty of time to be aware of it and be ready to bid, before it ticks down into the more likely selling range.
• By having the auction in CAT20, it encourages additional liquidity to the pool, helping grow an important resource for the community.

We look forward to seeing who adopts these two MoonCats!