Ethernity’s Farmers Market May 2024

Ethernity Chain
5 min readApr 25, 2024

The Farmers Market is back once again, with the Ethernity Community’s favorite way to get prizes, collectibles, and surprises! Stones Farming is the best and only way to access the fun and impressively curated digital and physical goods and collectibles available on ethernity.io. With another great month in store with new and exciting finds, make sure to review the offerings coming up in the weeks ahead to be ready to redeem something that will be unforgettable!

Week 1: Auctions for Digital Collectibles

Elite and rare digital collectibles expertly selected from the Ethernity vaults will be on the digital auction block starting on the week of May 6. Collectable from legacy brands, sports icons, and more will be awarded to the highest bidder. True to Ethernity’s ethos, all of these digital collectibles are fully licensed and authenticated. Ethernity partners with the best brands and cultural figures, and these are some of the rarest and most desirable digital collectibles we have on hand. And did we mention the highly sought after Genesis Satoshi card with next generation NFT staking technology will be in the mix? Be sure to check out these auctions, which will be live Monday May 6 at 12 PM EST and will commence Friday May 10th- you will not want to miss out!

  • Genesis Satoshi
  • Anderson Silva: Legendary
  • Dan Marino: A Dolphin Forever
  • Dak Prescott: The D4KATRON Football
  • DeLorean Profile
  • Heavy Metal: No Home To Go To
  • Nas: Life’s a Bitch
  • Phil Ivey: Queen Card

Week 2: Mystery Boxes with Physical and Digital Goods

Starting on May 13th, Mystery Boxes filled with physical and digital goods will be available to redeem for 10 million stones each. Set out on an amazing adventure with gear or gadgets found in this week’s selection of goods, or stay closer to home and savor a delicious drink at the end of the day with a MIAMO set of Gin Glasses. Whether electronics from Sharper Image, Polaroid, or an Amazon gift card- no matter what you find is sure to entice and delight. Stones Farmers will have fun unboxing the mystery and are sure to enjoy the surprise!

  • Flightgift $100 Gift Card
  • Amazon $100 Gift Card
  • Sharper Image Word Clock
  • TNF Borealis Classic Backpack
  • Polaroid Go Generation 2
  • MIAMIO Set of 4 Gin Glasses

Week 3: Auctions for Physical Goods

On May 20 both fun and functional physical goods are up for auction. Bid on NGRAVE cold wallets with the highest level of security for your digital assets, an 8k lightning fast Go-Pro, the impeccable and ultra smooth ASUS ProArt Monitor, or a durable and stylish Napapijri Rainforest Ripstop Anorak Jacket. Plan wisely, as each one of these auctions are sure to create heated bidding.

  • NGRAVE: Zero & Graphene
  • GoPro HERO12 Black
  • ASUS ProArt Monitor 27”
  • Napapijri Rainforest Ripstop Anorak Jacket — Unisex

Have a blast this May with these incredible prizes, and keep a look out for June’s Farmer’s Market Medium coming up just around the corner! The RWAs we offer to our community have always been a core part of what we do at Ethernity, and they will continue to be central and celebrated!

Auction Rules

Auction Duration:

  • Auctions will last for a minimum of 96 hours and are scheduled to end every Friday at 12 PM EST.

Minimum Bid Increase:

  • To place a higher bid, it must be at least 10% higher than the current highest bid.

Bid Extension:

  • If a user places a bid within the last 5 minutes of the auction, the auction will be extended by an additional 5 minutes from the time of the last bid. For example, if a bid is placed on Friday at 11:57 AM EST, the new auction deadline will be moved to Friday at 12:02 PM EST

Overspending Protection:

  • If you have the highest bid during an auction, the Stones allocated for that bid cannot be used for buy-now purchases or for bidding in another auction.

Final Bids:

  • Bids placed in the auction are considered final and cannot be undone. Please ensure that you review your bids carefully before submitting them.

Prize Delivery:

  • The auction’s prize, in the form of an NFT, will be delivered to you within 72 hours from the conclusion of the auction.

Resale and Redemption:

  • The winning user has the option to resell the prize. The new holder of the NFT can redeem it for a physical good, provided it is done before the redemption deadline.

Redemption Deadline:

  • The redemption deadline is set at 90 days from the conclusion of the auction. After this period, redemption will no longer be possible.

NFT Redemption Process:

  • To redeem your NFT, which represents a physical or digital good, you must initiate the redemption process by burning the NFTs. Detailed instructions for the redemption process will be provided in a separate Medium article.

Participation in Multiple Auctions:

  • Users are permitted to participate in multiple auctions simultaneously, provided their Stones balance allows for it.

Gas-Free Bidding:

When placing a bid, there is no transaction gas fee cost associated with it. However, a wallet signature is required to authenticate the bid.

Buy-Now Rules

Availability:

  • Mystery Boxes are available until they are sold out, but at the latest they will be available until the 3rd week of the month. After this period, they will no longer be available.

Purchase Limit:

  • For Mystery Boxes — NFTs, users can buy a maximum of 2 boxes. For Mystery Boxes — Goods, users can buy a maximum of 1 box.

Prize Delivery:

  • Once you reveal your Mystery Box, the prizes in the form of NFTs will be promptly delivered to you.

NFT Redemption Process:

  • To redeem your NFT representing a physical or digital good, you need to initiate the redemption process by burning the NFTs. Detailed instructions for the redemption process will be provided in a separate Medium article.

Finality of Buy-now Purchases:

  • Buy-now purchases are considered final and cannot be refunded. Please carefully consider your decision before making a purchase.

Resale and Redemption:

  • The winning user has the option to resell the prize. The new holder of the NFT can redeem it for a physical good, provided it is done before the redemption deadline.

Redemption Deadline:

  • The redemption deadline is set at 90 days from the conclusion of the auction. After this period, redemption will no longer be possible.

Stay tuned for more updates and next month’s plan with detailed information about the Farmer’s Market. Get ready to immerse yourself in this groundbreaking shopping experience and turn your hard-earned Stones into incredible prizes!

Ethernity links:

Website: https://ethernity.io

Twitter: https://twitter.com/EthernityChain

Discord: https://discord.gg/ethernitychain

Medium: https://ethernitychain.medium.com

Telegram: https://t.me/ethernitychain

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