RivrDoge Goes to the Auction House

RivrDoge
4 min readSep 20, 2021

Next on the Agenda, RivrDoge is having an auction for two of RivrMaid’s Fantastic art pieces. We’ve got results from our Friendship Meme Contest. Then, maybe some hints about upcoming events? And hints about our SOON to be announced… not plans in this very paragraph?

Are these… Getting worse?

Friendship Meme Contest Results

First we are thankful for all of the great entries. There were A LOT of great memes, but…

The Captain’s Choice:

@Krzysiek9512

RivrMaid’s Choice:

@Willvax

Your entries were submitted on our Telegram. We will reach out to you there.

Time for an Auction?!

We are all anxiously awaiting the arrival of a proper NFT Marketplace here on MoonriverNW but in the meantime the RivrDoge Team had an idea. Definitely not a plan, since we don’t do that here.

As we stated from the beginning, we have been hoping to leave the Community/Team wallet untouched to the best of our abilities. We also kept a small amount of tokens for the Community wallet — given our intent is to recreate a real community token here on Moonriver. However, we’ve started to dream big (dream only, never plan!) and we realized we would like to raise some funds. The Community enthusiasm for RivrMaid’s NFTs has been totally expected by everyone on the RivrDoge Team (except for RivrMaid). She has received numerous inquiries about purchasing her art as an NFT.

In the spirit of experimentation and Chaos of the Kusama and Moonriver Networks, we met with a number of friends, partners, and even strangers at the store. We decided to hold a Silent Auction for these two works:

Piece 1 (“Dollar Signs RivrDoge”) will be auctioned from 1:00a.m. UTC on September 22, 2021 through 1:00a.m. UTC on September 23, 2021
Piece 2 (“Aromatherapy Device RivrDoge”) will be auctioned from 1:00a.m. UTC on September 23, 2021 through 1:00a.m. UTC on September 24, 2021

The Winner will be sent their NFT jpeg, along with a certification and license that they can mint it into an NFT wherever they want. The Winner can take it to Ethereum, Polygon, etc., or even wait for the first NFT Marketplace to appear on MOVR. RivrDoge will retain the right to continue to use those pieces as our sticker set and for any other purposes, but The Winner will be authorized to mint NFTs, use it as an avatar, or any other use for the jpeg.

The Rules

We’ve selected the silent auction format so that anyone in any time zone can feel free to bid in a low-stress environment. The Rules for each piece will be as follows:

  • During the designated 24-hour time period for each piece, we will announce which NFT is for sale;
  • You will send a bid to @RivrMaid via DM Only in the format “I bid X.XX MOVR on the current NFT”;
  • Each piece has a RESERVE PRICE of 1.0 MOVR; and
  • At the end of the designated time period, the highest single bid will claim the NFT.

If there is a tie, the two (or more) tied entries will be contacted and given 8 hours to up their bid. That process will be repeated until there is a winner. If neither participant wishes to up their bid, the FIRST bid received will be declared the winner. You will have 8 hours to pay or the next highest bidder will be contacted. We will announce the sold price, but the winner will remain anonymous until all NFTs are sold.

The RivrDoge Team reserves the right to cancel the auction if a satisfactory price is not reached or in the result of any errors in their sole discretion.

When will the pieces be sold?

Piece 1 (“Dollar Signs RivrDoge”) will be auctioned from 1:00a.m. UTC on September 22, 2021 through 1:00a.m. UTC on September 23, 2021.

Piece 2 (“Aromatherapy Device RivrDoge”) will be auctioned from 1:00a.m. UTC on September 23, 2021 through 1:00a.m. UTC on September 24, 2021.

What about the money!

We’ve never seen something like this done. We don’t really know what is going to happen. We have a dollar amount in mind that we would like to hit to do some work with it, but without knowing what exactly is going to happen, we can only give a breakdown like this:

  • 10% of the winning auction amount will be used to purchase RivrDoge and placed in a separate wallet for a future burn event;
  • 1% to 50% will be used to compensate the Artist (in this case RivrMaid); and
  • The remaining funds will be used for some future projects and, depending on the final results of the Auction, reimbursing the RivrDoge Team for some Expenses.

We’ve always been as open and honest with the community as we can, so our promise on these auction funds is that 10% will be used for a future RivrDoge burn event. Beyond that you should bid in whatever way you deem appropriate.

What’s Next?

More stuff… hmmm…

I wonder…?

Useful Links

Website: https://RivrDoge.com/

Twitter: https://twitter.com/RivrDoge

Telegram: https://t.me/RivrDogeOfficial

RivrDoge Smart Contract on MoonriverNW: 0x5D4360f1Be94bD6f182F09cFE5EF9832e65EB1ac

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RivrDoge

The Second (And Only) Dogecoin That Knows It’s On MoonriverNW.