Developed to take control away from resellers and give all sneakerheads equal opportunity to cop their grail, LACED is an auction-based platform with a twist. The app runs all auctions on a countdown where users submit bids one at a time. When a bid is entered, the timer resets, but the price of the sneaker then goes up one cent each time a bid is placed. The auction’s winner is determined by the person who bids last when the time expires. The winner is given the chance to purchase the shoe at the discounted price while others who placed a bid are awarded credits to use in the rewards store.
The price of chicken just went up.. yes it the lowest price ever for a pair of #offwhite #vapormax . However, it was the highest price so far on the @laced.app. This means we will be dropping more Gems 💎 like this more often to help keep the price low. Stay tuned and keep your eyes on LACED for any surprise drops. #lacedapp #forthepeople
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