~*~ How the Drop Works ~*~

* * * MATT AUCTION SYSTEM * * *

This is not a normal NFT drop.

There is no fixed price. There is no fixed edition size. The market decides everything.

Each of the 237 M.U.S.C.L.E. figures gets its own auction. You bid what you're willing to pay. The auction finds the price and edition size that works best for everyone.

*** 237 FIGURES *** EACH WITH ITS OWN AUCTION *** THE MARKET DECIDES RARITY *** NO FIXED PRICE *** NO FIXED EDITIONS *** BID WHAT YOU WANT *** EVERYONE PAYS THE SAME ***

What is a MATT Auction?

MATT stands for Maximum Affordable Token Total.

In a traditional NFT sale, the seller guesses: "I'll sell 10 editions at 0.5 ETH." But what if 100 people would have paid 0.1 ETH? Or only 3 people wanted it at 2 ETH? The seller is always guessing wrong.

A MATT auction removes the guessing. It finds the price and edition size that maximizes total revenue for the seller, while guaranteeing that every winner pays the same price.

STEP 1 Place Your Bid

An auction opens for a figure. You bid the maximum you'd be willing to pay for one edition. Your ETH is held by the smart contract.

Here's an example — six people bid on a figure:

STEP 2 Find the Optimal Price

The system looks at every possible "cut point" — if we mint N editions, the price is the Nth-highest bid. Which cut point produces the most total revenue?

Editions Price (lowest winning bid) Total Revenue
1 1.0 ETH (Alice only) 1.0 ETH
2 0.8 ETH (Alice + Bob) 1.6 ETH
3 0.5 ETH (+ Carol) 1.5 ETH
4 OPTIMAL 0.5 ETH (+ Dave) 2.0 ETH
5 0.3 ETH (+ Eve) 1.5 ETH
6 0.1 ETH (+ Frank) 0.6 ETH

The optimal point: 4 editions at 0.5 ETH each = 2.0 ETH total revenue.

STEP 3 Resolution

The auction resolves. Here's what happens to everyone:

*** KEY INSIGHT ***

Everyone pays the same price. Alice bid 1.0 ETH but only paid 0.5 ETH.

Your bid is a ceiling, not a commitment. You'll never overpay.

Losers always get a full refund.

For Buyers

  • No overpayment — you never pay more than anyone else
  • Low risk — your bid is the max you'd pay, you might pay much less
  • The crowd can win — many small bids can outcompete a single whale
  • Full refunds — if you lose, you get everything back

For the Artist

  • Revenue maximization — the auction finds the best point on the demand curve
  • No guessing — edition size and price emerge from real demand
  • Fairness — all winning NFTs are equally valuable
  • Community-driven — the collection's rarity map is made by collectors

~*~ 237 Figures. 237 Auctions. ~*~

Each of the 237 M.U.S.C.L.E. figures gets its own independent MATT auction. The result is a collection where the market decides the rarity of every figure.

Popular figures like Muscle Man #1 may attract many high bids, resolving at a higher price with a moderate edition size. Obscure figures may get few bids, resolving with very few editions at a low price — making them paradoxically the rarest in the collection.

This mirrors real M.U.S.C.L.E. collecting, where the least-known figures are often the hardest to find.

The Emergent Scarcity Map

After all 237 auctions resolve, the collection will have a natural scarcity distribution — not designed by anyone, but discovered by the community:

ULTRA-RARE
1-3
editions
UNCOMMON
5-15
editions
COMMON
20-50+
editions

Which figures will be the rarest? Which will everyone want? That's up to you.

Batch Rollout

Auctions will open in batches (e.g., 10-25 figures at a time) rather than all at once. This lets:

"Collect Them All"

During the bidding phase, a live dashboard shows the current "Collect Them All" cost: the sum of the minimum viable bid for each figure to win one edition of every single figure.

This gives whales a clear path, and gives everyone else a price signal for the overall market.

FAQ

Q: What if I bid too low and don't win?
You get a full refund of your entire bid. No risk. You can also increase your bid at any time before the auction ends.
Q: What if I bid way more than the final price?
You still only pay the final settled price. The difference is automatically refundable. Your bid is a ceiling, not what you actually pay.
Q: Can I bid on multiple figures?
Yes! You can bid on as many figures as you want. Each auction is independent.
Q: How do I know how many editions will be minted?
You don't know for sure until the auction resolves, but the live dashboard shows the current optimal price and edition count as bids come in, so you can watch it evolve in real time.
Q: What chain is this on?
Base L2 — low gas fees so bidding is cheap.
Q: What's the NFT?
An ERC-1155 token. Each figure (1-237) is a token ID. The high-resolution photographs of the actual physical M.U.S.C.L.E. figures serve as the artwork — front, back, and side views.
*** SMART CONTRACT ***

This auction runs on a fully on-chain smart contract. All bids, resolution, and minting happen transparently on the blockchain.

View the contract on Etherscan

Ready to Bid?

Head to the auction page to see what's live and place your bids.

>> Enter the Auction!! <<

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