🤑Summary

Holding a Degen Bid NFT gives you discounts on bid packs, rakeback on bids, profit sharing, staking rewards, and access to exclusive holder-only auctions, providing exciting rewards and incentives

Holding a Degen Bid NFT comes with a range of exciting benefits that make it even more rewarding to participate in our platform. Here are some of the key benefits that NFT holders can look forward to:

1. Discounts on Bid Packs: As an NFT holder, you'll enjoy discounts on bid packs that give you even more bidding power for your Solana. Holders will receive discounts of 10%, 15%, or even 20% on bid packs depending on the number of NFTs they own.

2. Rakeback on Bids: Earn back 10% of the bids you place on auctions you don't win, with tiered rewards based on how many NFTs you hold. Hold just one NFT and earn 10%, while 10 NFTs get you 15% and 25 NFTs get you 20%. This allows NFT holders to recoup some of their investment in bids and stay engaged with the platform even if they don't win every auction.

3. Profit Sharing: Holders of Degen Bid NFTs will receive a 50% share of the profits generated by the platform. This means that as the platform grows and becomes more successful, NFT holders will benefit directly from its success.

4. Staking Rewards: Stake your NFTs and earn one bid per day per NFT. This gives you even more opportunities to win big on our platform and participate in our penny auction style bidding.

5. Holder Only Auctions: NFT holders will have exclusive access to special auctions just for them, with unique and exciting items up for grabs. This is a great opportunity to win something truly special and stand out from the crowd.

These benefits are designed to reward NFT holders and encourage engagement with the platform. By holding a Degen Bid NFT, users can enjoy discounted bid packs, earn back bids on auctions they don't win, receive a share of platform profits, earn staking rewards, and participate in exclusive holder-only auctions. We believe that these benefits make Degen Bid an exciting and rewarding platform for NFT holders, and we look forward to seeing our community grow and thrive over time.