-Create a Fixed Pricing drop or Dynamic pricing drop?
-Deploy your drop contract (pre-reveal, token supply)
-Design your drop (Cover image, Description, and Logo)
-Schedule your Fixed pricing drop (Pricing, Set date/time, Presale)
-Schedule your Dynamic pricing drop (Set date/time, Dynamic auction pricing)
-Reveal (Final assets + Metadata)
Drops is a powerful creator tool designed with unique features that allow you to create captivating moments for collectors. Creators deploy a smart contract that represents their drop, and collectors can mint NFTs from the drop page. Drops allow you to launch a collection of up to 10,000 NFTs for the same cost as minting a single NFT.
You have the option of creating a Fixed pricing drop or a Dynamic pricing drop. If you're trying to decide which one to choose, here's what you need to know:
Fixed Pricing Drops allow all of your collectors to purchase your NFT at the same price set by you. The price remains the same from the start of the drop until it is completely sold out. You won't have the option to adjust the price of your drop after it's been deployed, so it's vital to choose your pricing and token supply carefully.
Here are some examples of Fixed Pricing Drops:
Dynamic Pricing Drops allow the market to determine the best price through a Rebate Dutch Auction. The dynamic pricing Drops are designed to encourage a blowout sale. It’s recommended for creators who want to mint out their drop without the pricing anxiety.