Magic Eden is excited to unveil Lucky Buy, one of our most loved features, now available for collectors and NFT enthusiasts on Ethereum—just like on Solana!
Lucky Buy offers a thrilling way to enhance your NFT experience. It gives you the chance to acquire incredible collectibles at just a fraction of their original price. Whether you're a seasoned collector or new to NFTs, Lucky Buy brings an extra layer of fun and excitement to every attempt.
Get ready to test your luck and discover amazing deals with Lucky Buy on Magic Eden!
What is Lucky Buy?
Let’s give you a quick recap!
Lucky Buy is an exciting new addition to Magic Eden, offering a unique and fun way to grow your NFT collection. While you can still purchase NFTs through the traditional Buy option, Lucky Buy turns up the excitement for select collections. It gives you the chance to potentially secure rare and coveted collectibles at a significantly reduced price.
Lucky Buy can be played by a user, with a percentage of the NFT's list price committed for the probability of getting the NFT or other NFTs (such as the Lucky Emmy NFT).
Identify the eligible NFT
Begin by searching for NFTs adorned with the 🍀symbol. These symbols indicate that the NFTs are part of the Lucky Buy program.
Click the "Lucky Buy" button
When you spot an NFT that catches your eye, click the "Lucky Buy" button associated with it. This action will trigger the Lucky Buy modal, where you can take your shot at securing the NFT or other NFTs.
Alternatively, you can access Lucky Buy directly from the item's detail page. Simply click on the NFT you’re interested in, then select the ‘Lucky Buy’ button to get started.
Input the amount of ETH you want to commit
To proceed, input your probability (or the amount of ETH you wish to commit). You can use the slider for quick selection or manually input a specific ETH amount in the provided box.
Review your options
Directly below your selected percentage you will see more information about the transaction. You will expect to see:
Potential upside: This information gives you an idea of the potential value of the NFT you're trying to acquire in reference to your commitment amount.
Probability of success: This metric indicates your likelihood of successfully obtaining the NFT based on your ETH commitment.
Item total price: Understand the full price of the NFT.
How much you will pay: Know the exact amount of ETH you're willing to pay.
Just so you know and a reminder – every time you play Lucky Buy you’re guaranteed to snag something! Whether it’s the featured NFT or a surprise like the Lucky Emmy NFT!
Commit to Lucky Buy
If you're comfortable with your choice and ready to take the leap, click the pink "Lucky Buy" button. This action will take you to your connected wallet to confirm the transaction securely.
Taking the leap
Once you've clicked the "Lucky Buy" button, you're taking a leap of faith. Upon confirming the transaction, and ultimately what you’ve won. If luck is on your side and you succeed, congratulations! The NFT is now yours to keep in your collection or sell instantly.
Note: Please allow time for the transaction to confirm on-chain. Confirmation may take a few moments.
Everyone gets something. If you don’t receive the NFT, you still get a Lucky Emmy Open Edition!
Understanding the Lucky Buy fee structure
Protocol fee: 5%
Flat fee: 0.000825 ETH. (Processing fee)
Treasury’s role
If a buyer reveals a NFT, the treasury funds the gap between the listing price and the committed amount from the buyer. This ensures that the entire sum of the listing price plus the LB fee is covered.
Frequently asked questions
What chains is Lucky Buy Available on?
Currently only Ethereum, more EVM chains to come soon.
What listings are available to Lucky Buy?
Magic Eden native listings including most aggregated listings.
What happens if I don't receive the NFT?
If you don't receive the NFT, the committed ETH (or any other supported token) is not returned to your wallet, but don't worry! Lucky Buy ensures that everyone is happy in some way. Even if you don't secure the NFT, you will still receive a Lucky Emmy Open Edition.
If I receive an NFT for a percent of the list price, who covers the difference?
A dedicated Treasury covers the difference. The seller will still receive the entire list price for their NFT.
How do I list my NFT so it is available to be purchased using Lucky Buy?
If your NFT is part of a collection for which Lucky Buy has been activated, you don't need to take any further action; your NFT will automatically be available for Lucky Buy as long as you've listed it for sale on Magic Eden.
How Can I Check My LuckyBuy Result and Verify the Randomness?
Please refer to this article — we’ll guide you step by step through both processes.
If you have any questions or need further assistance, don't hesitate to reach out to our support team via the chat widget on our website.