Ordinal X Tribes: What's Next?

Earlier this week we announced Ordinal X Tribes, a limited collection that will be inscribed onto satoshis on the Bitcoin blockchain. This post will share auction details, along with some points from the Ordinal X Tribes auction FAQ that we'd like to emphasize.

Ordinal X Tribes ordinal inscriptions will be available in the auction. 111 Ordinal X Tribes inscriptions will be held back for contributors, donations, and philanthropic efforts. 
The Ordinal X Tribes auction will open on March 4th, 2023 at 4pm EST and close approximately 24 hours later on March 5th, 2023 at 4pm EST. The results of the auction will be finalized based on the last completed block before 4pm EST on March 5th. For example, if the last block occurs  at 3:59pm EST on March 5th, then any bids contained within the following block will be disregarded even if they were submitted prior to 4pm EST since they were not confirmed. We recommend ensuring your bids are in early since block completion times are never certain. 

In order to participate in the auction, users will need one Bitcoin wallet address per bid. We recommend users have a Taproot-enabled self-custodied BTC wallet address to receive an inscription. 

In terms of the wallet address users will need: 
One wallet address should contain the Bitcoin amount you wish to use to place a bid. 

Send your bid in Bitcoin to this address 

bc1p0ryv4vaksm8ak60t77s4xsgejcurl2m8mnzrzn6dvx7w9fn98adslpuuzk

Once the block has been confirmed and we receive your bid, the auction leaderboard on Ordinal X Tribes.io will update to reflect your bid if you are in the top bids. 


Each Ordinal X Tribes piece will be sent to the bidding address provided by the successful bidder at the time of placing their bid.  
Those who did not win a spot in the top bidders will have their Bitcoin returned to their sender address (excepting transfer fee). Bids made with a custodial wallet owned by a third party like Coinbase, Binance, Kraken, etc., will NOT be able to receive refunds. So please, only make bids with a self-custodied wallet.

Finally, note that the inscription process will reflect the themes of the collection and is intended to be part of the experience. Winning bidders will receive their Ordinal X Tribes ordinal inscriptions within one week of the end of the auction. Once the inscribing is finished and transferred to the owners wallets, we will publish a note on official channels. 

Good luck!