How is the number of NFTs available for auction calculated?
The number of NFTs available on our auction platform may vary depending on the price of the NFTs in question but also on the trading volume of SWEEP, which will directly affect the budget available for the NFTs.
To do this, we take the budget available for the auction and we buy NFTs until we exhaust the entire budget.
- y = remaining available budget level
- a = budget available for NFT auctions
- b1 + b2 + … + b10 = cost of NFTs chosen for auction
Example for the number of NFTs:
We have a budget available for the auction of $162,000.
We have NFTs costing $1000, $5000, $6000, $13000, $27000, $40000, $70000.