# 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)