# RiverEstate 1st Public Sale Rules

55 RiverEstates will be open for claim at 8PM October 14 (UTC+8) !&#x20;

## **RiverEstate Public Sale Rules**&#x20;

**Phase One: Claim house using a key**&#x20;

\- Time: October 14, 2022 8:00 PM - October 21, 2022 8:00 PM **(UTC+8)**

\- Who can participate in this cycle: Any wallet address that holds any one of Ruby Key / Silver Key / Copper Key&#x20;

\- What's the difference among the three keys:&#x20;

\- Ruby Key: Available throughout Phase One (October 14, 2022 8:00 PM - October 21, 2022 8:00 PM )&#x20;

\- Silver Key: Available 48 hours after Phase One opens (October 16, 2022 8:00 PM - October 21, 2022 8:00 PM )&#x20;

\- Copper Key: Available 96 hours after Phase One opens (October 18, 2022 8:00 PM - October 21, 2022 8:00 PM ) **(UTC+8)**



**Phase Two: Dutch Auction**&#x20;

\- Time: October 21, 2022 8:00 PM - October 28, 2022 8:00 PM **(UTC+8)**

\- Who can participate in this cycle: Everyone&#x20;

\- Rules: Those not claimed RiverEstates during phase one will be listed on Opensea using dutch auction.&#x20;



**Phase Three: Unsold RiverEstate Transfer**&#x20;

\- Time: TBA - Who can participate in this cycle: Only Rivermen Team&#x20;

\- Rules: After the auction ends in Phase Two, RiverEstates that have not been sold will be sent to address of Rivermen Team.&#x20;



**Phase Four: Treasure Auction**&#x20;

\- Time: TBA&#x20;

\- Who can participate in this cycle: Everyone&#x20;

\- Rules: Rivermen team will list several RiverEstates with high rarity and large size on Opensea. It is an ascending auction, which means RiverEstate will sell to the highest bidder.
