So if for example, the Dutch Auction had CloneXs priced at 2.8, presale buyers could offer their NFTs at 2.5. вЂњThe resale market was actually frontrunning the project they bought into in presale, which was interesting,вЂќ OKHotshot said. 27, undercutting the public saleвЂ™s Dutch Auction. Holders of other RTFKT NFTs were permitted to take part in a pre-sale of the CloneX NFTs on Nov. вЂњWe have also identified most of the IP ranges that were attacking us and blocked all of them.вЂќ

вЂњWe are spinning up more origin servers for our load balancing and preparing waiting rooms,вЂќ Cardillo tweeted. Samuel Cardillo, CTO at RTFKT, said the project had identified the IP addresses that were making the attacks. The analyst said he was able to access the site during the initial public sale from many different countries using a VPN. OKHotshot told The Defiant heвЂ™d like to see the IP addresses which attacked RTFKTвЂ™s CloneX website to confirm their legitimacy. He thinks with the $8M the project raised, better load balancing and servers could have prevented attacks. OKHotshot, an on-chain analyst who identified and convinced a scammer to return 88 ETH to another NFT project, is skeptical of RTFKTвЂ™s reasoning behind pausing the auction. The sale was abruptly halted after an attack. 30, according to OpenSea, the NFT marketplace. 08 in April and has rocketed to a 46.99 ETH floor as of Nov. Others think CloneX owners could be holding assets akin to those of CryptoPunks or Bored Ape Yacht Club.Д«ored Ape minted for. Some people thought the initial starting price of 3 ETH was too much or that the collection wasnвЂ™t going to sell out. The NFTs unique traits and rarities have yet to be revealed, meaning all the NFTs currently have the same value. Unique TraitsДЄfter suffering the attacks cited by RTFKT, the project changed the sale method to a flat 2ETH price.Д¬loneXs are a collaboration between RTFKT and Japanese artist Takashi Murakami. If all 20,000 of the CloneX had sold for 3 ETH at the cryptocurrencyвЂ™s price at the beginning of the mint, the total sales would have been worth over $250M. 1 ETH every 30 minutes, meaning it would take 10 hours for the sale to reach a price of 1 ETH.

In RTFKTвЂ™s case the CloneX sale was set to go down by. A Dutch Auction starts at a given price that declines if the assets arenвЂ™t sold. The starting price: 3 ETH for one of the 20,000 CloneX NFTs. As it happened, the public sale was initially meant to be conducted with a Dutch Auction.

Clone x presale