There are four kinds of drops on ThetaDrop:
Auction
You constantly place your bids on the NFT that you like to purchase. During the bid time, you can continuously place a higher bid. At the end of the auction, the top X highest bids will receive the NFT.
During Regular auctions, you can actively see who is the highest bidder.
During Regular auctions, you can actively see who is the highest bidder. How to participate in Auctions
Silent Auction
You constantly place your bids on the NFT that you like to purchase. During the bid time, you can continuously place a higher bid. At the end of the auction, the top X highest bids will receive the NFT.
During Silent auctions, you cannot actively see who is the highest bidder.
Open Edition
Once the sale goes live, you are able to buy an unlimited amount of NFTs until the sale ends.
Limited Edition
Before the Drop there is a "pre-funding" period that you will be able to join to purchase the NFT. Click me for details.
For Limited Edition Drops, once the sale is live, the NFTs will be sold in numerical order based on a random lottery system placed on the waitlist. If there is no waitlist or pre-funding, it will be sold on a first come first serve basis.
The sale will be complete when all of the NFTs are sold out or the drop duration ends.