CRYPTOKITTIES NEW FEATURE ALERT: With their new offer system you can bid on any Kitty in the game

WHAT IS CRYPTOKITTIES?

CryptoKitties is a game centered around breedable, collectible, and oh-so-adorable creatures we call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed. CryptoKitties is one of the world’s first games to be built on blockchain technology—the same breakthrough that makes things like Bitcoin and Ethereum possible. Bitcoin and ether are cryptocurrencies but CryptoKitties are cryptocollectibles. CryptoKitties are unique in appearance, with a distinct visual appearance (phenotype) determined by its immutable genes(genotype) which are stored in the smart contract.
By allowing the cats to breed, they aren’t just a digital collectible. CryptoKitties is an exciting, self-sustaining community where users can create new collectibles and trade them on the ethereum blockchain. You can buy, sell, or trade your CryptoKitty like it was a traditional collectible, secure in the knowledge that blockchain will track ownership securely. But, unlike traditional collectibles, you can breed two CryptoKitties to create a brand-new, genetically unique offspring.
CryptoKitties will make blockchain technology accessible to the average consumer through four main tactics:
• Gamifying features that leverage blockchain’s unique applications
• An approachable, consumer-facing brand based on a genuine passion for blockchain technology
• An open platform inclusive to users of all levels of technical knowledge
• A sustainable revenue-based model (as opposed to an ICO) On a more technical level, they plan to innovate within the blockchain space through practical experimentation and application of digital scarcity, digital collectibles, and non-fungible tokens.
By normalizing the practical application of smart contracts and cryptocurrency transactions, they will empower everyday consumers with a basic fluency in distributed ledger technology.
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LOVE A KITTY? MAKE AN OFFER!
CryptoKitties’ new Offers feature lets players bid on Kitties
Just click here:Love a Kitty? Make an Offer!

The Offers system lets players make a bid, in ETH, on any Kitty, even if it’s not up for sale. So if you find a Kitty you love, you could entice the owner to part with it.

Here’s where it gets interesting: another player can pledge more and outbid your offer. In that case, the original bidder must raise their offer or kiss the Kitty goodbye. A special Kitty could kick off a serious bidding war.

HERE'S HOW OFFERS WORK
You can bid on any Kitty in the game. If an Offer isn’t accepted or declined, it expires after three days.

The owner only sees the highest current bid on their Kitty. So if someone outbids you, you’ll get notified when this happens, raise your offer right away to ensure it's on top.

Placing an offer incurs a fee of 9% of the total offer value. The entire sum of the offer, plus the fee, is collected up front. How much the bidder actually gets charged at the end of the offer, however, depends on what happens:

If the owner accepts the offer, you pay the offer amount and the 9% fee. If you cancel your offer early, you fully recoup your offered amount, but still pay the 9% fee.

If your offer is outbid or expires, your ether is automatically returned, but instead of the 9% fee you pay a flat rate of 0.008 ETH.

If an owner declines your offer, you aren’t immediately refunded. You can choose to cancel early and pay the 9% fee, or wait for the offer to expire after three days and only pay 0.008 ETH.

Once the player placing the offer pays the rate and fees, the money is held in escrow by the smart contract until the offer is accepted, canceled, or expires. That means only you and the offer recipient can affect the fate of your ETH: they can accept the offer and claim the ETH, or you can cancel it and take your ether back. The only thing Dapper Labs ever collects is the 9% offer fee or the 0.008 ETH flat rate.

ARE FEES SET PERMANENTLY?
The fees aren't set in stone. We’re starting with 9% and will experiment with different rates and offer duration to find the right balance. Whenever they tweak fees they let you know in advance.

WHY DID THEY CREATE OFFERS?
Considering all the possible cattribute combinations, there are literally trillions of potential Kitties. Sometimes, you find that perfect one-in-a-trillion Kitty, but a cruel twist of fate has bequeathed it to another player. Maybe you just love the look of it, or maybe it has the exact combination of super-rare traits you're looking for.

Now, you’re no longer condemned to pine from afar. There’s something you can do about it.

For those receiving offers, it’s an effortless way to make some ETH. What appears to you an average, everyday Kitty might be a treasure to someone else.

Offers add another dimension to buying and selling Kitties and another way to grow your collection. Enjoy Everything CryptoKitties has to offer.

Collect and breed digital cats with CryptoKitties
Join their Discord family: https://discord.gg/cryptokitties
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