Scarce City

Scarce City is a marketplace that uses Bitcoin technology to sell Bitcoin goods for Bitcoin.

It was started by Chris Tramount and Aryan Jabbari with the help of honorary founder Chiefmonkey who seeded our artist community and had the original idea for our Lightning Auctions.

We believe that Bitcoin’s finest goods should be sold according to the network’s properties of pseudonymous, borderless, permissionless, trust minimized, and verifiable authenticity and supply.

Our first major product is Lightning Auctions which keeps auction participants accountable by collateralizing their bids through instant, anonymous, low fee Lightning Network payments.

Here's how it works:

1. Deposit a small percentage of your bid as collateral and just top it off for additional bids

-->Bid deposits capped at 500K sats in case you want to ape in while staying within your Lightning comfort zone ;)

2. The winning bidder has 4 hours to pay their bid. If they don't, they lose their collateral and the next highest bidder has a chance to pay their high bid

3. Once the item is paid for, deposits are refunded to the remaining participants

HOT ZONE RULES

-Bids placed in the final 10 minutes of the auction reset the countdown to 10 minutes

-Auction can't end with a pending bid

-Onchain bid deposits no longer accepted

Open a Lightning channel with us

028f4a60dd133875e8776d5ac36e87097cf59e6e3a1d74fcd14c900270dda57c06@scarce.city

028f4a60dd133875e8776d5ac36e87097cf59e6e3a1d74fcd14c900270dda57c06@5whetw27qqbdm626znqc75evlfasljfamecssktqfz3vrnl3qpkqpnyd.onion:9735

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If you’re a Bitcoin creator or someone who’s just passionate about Bitcoin culture, get in touch through our contact form!

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Scarce City © 2021