NFT Novel "A Novel in 10 Years" by Kozy Watanabe

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Q&A

As for handling virtual currency and using the auction site Valuables, read each site's instructions carefully before participating in this project!

Q: This seems to be a Japanese-language event, but is it OK to participate from overseas?
A: Yes. We welcome you.

Q: Once the auction is over, you're going to auction off the new tweets that Kozy Watanabe wrote again, right?
A: No, not exactly. Only the parent tweets will be auctioned at all times. The winning bidder will get the parent tweet and put it up for auction again, and the story will go on.

Q: So the bidding price will keep going up and up?
A: I can't say either way. When the winning bidder puts the item up for auction again, it is possible to sell it at a lower price than the purchase price you won. However, I believe that most successful bidders will sell their items at a price where they will not lose money. When a successful bidder relists an item, the amount that goes to the seller (i.e., the previous bidder) is 87.5% of the winning bid. The amount of money the seller will not lose will be the previous winning bid plus about 15%.

Q: Can I pay by credit card?
A: No, you cannot pay by credit card. The auction site only supports the virtual currency Ethereum, so you will have to pay with Ethereum.

Q: This is an auction, but when do I pay Ethereum?　When I win the bid?
A: The official payment will be made at the time of winning the bid. However, when you bid, the amount of your bid will be deducted from your wallet as a kind of deposit. If your bid is not accepted by the seller after 24 hours, you can cancel your bid. In this case, you will be refunded the amount minus a fee called "gas".

Q: When does the auction end?
A: The end of the auction is when the seller has seen the bids and has decided to accept the bid. Even if the seller has made a decision, such as "If the bid is higher than this," or "The auction will close on October 1," it cannot be determined from the auction page. There is a possibility that your bid will not be accepted for a long time after it is placed.

Q: What happens if an item is resold an inordinate number of times?
A: A ridiculous number of times, stories will be added.