> For the complete documentation index, see [llms.txt](https://docs.botto.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.botto.com/overview/auction.md). # Auction Every week, Botto mints one artwork and puts it to auction on [SuperRare](https://superrare.com/bottoproject). ### Proceeds Like other SuperRare mints, Botto will retain 85% of auction proceeds. SuperRare retains the remaining 15% as an auction fee. ETH auction proceeds are distributed accordingly: * 40% to Active Rewards Contract * 50% to DAO treasury * 10% goes towards the [Karma Rewards](#karma) pilot. ### Selection Process Botto creates 350 new art fragments and then lets community participants vote on their favorites with their Voting Points. The most voted on art fragment will be minted on SuperRare. The first Botto mint happened on 22/10/2021 (DD/MM/YYYY), with subsequent mints taking place on 7 day intervals known as rounds, sectioned by a 13 week timeline known as Periods. ### Auction Format **Key Dates** * Auctions are scheduled to begin every Wednesday, 22:00 CET * Auctions are scheduled to end every Friday, 22:00 CET * On the 13th week of each Period, Botto will select its own work to mint based, and so there is a break in voting that week and no auction. Botto’s weekly auctions can be found on SuperRare at:[ https://superrare.com/botto](https://superrare.co/bottoproject) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.botto.com/overview/auction.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.