> For the complete documentation index, see [llms.txt](https://alphalabs.gitbook.io/documents/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://alphalabs.gitbook.io/documents/minting-101.md).

# Minting 101

Each NFT in the Alpha G.O.A.T collection is distributed through an individual round. Every round follows this sequence:

#### 1. Launch Order

The launch begins from the least rare tier and proceeds to the most rare. The distribution order is:

* Common → Uncommon → Special → Rare → Masterpiece → Legendary

This sequencing ensures early accessibility and builds momentum as the collection moves toward more coveted tiers.

#### 2. Voting Phase

Each round begins by showcasing **two NFT artworks** from the active tier. Users vote for the one they want to be part of the final collection.

* A voting fee is required, which varies by tier.
* Only one vote is allowed per wallet.
* The voting window is open for a set time (denoted as {A} minutes).

**At the end of voting:**

* The artwork with fewer votes is eliminated.
* Voters for the losing artwork are fully refunded.
* Voters for the winning artwork are entered into a **lucky draw**.
* All fees paid for the winning artwork form the **Price Pool (PP)** for the next step.

This phase empowers users to shape the collection's visual identity and ensures that every minted NFT has been community-endorsed.

#### 3. Auction Phase

Immediately after voting, the winning artwork enters an auction.

* The auction lasts for {B} minutes.
* The minimum bid is calculated as {C} × PP.

{% hint style="info" %}
Only voters of the winning artwork are allowed to bid. If you want to bid, you must have voted first.
{% endhint %}

Three outcomes are possible:

1. **No bids:** A lucky draw takes place among voters, and the winner receives the NFT.
2. **One bid:** The single bidder receives the NFT. All voters are fully refunded.
3. **Multiple bids:** The highest bidder receives the NFT. All other bidders and voters are refunded.

**Profit Sharing for Voters:** If ther's any bid placed at all (e.g., PP = $10, final bid = $20), then 50% of the surplus ($10 → $5) is distributed equally among the voters. Which means every voter earns more than they initially paid.

This system introduces strategic financial upside for voters. Even if they don’t win the NFT, they can still profit simply by participating. It rewards engagement and democratizes gain.

***

While the mechanics above define the foundational structure of G.E.M Protocol, these apply specifically to what we call **Regular Rounds**. However, G.E.M doesn’t stop there. Its true power lies in its versatility. It supports a wide variety of alternate round formats, each infused with unique, gamified rules. These formats are designed to keep the experience dynamic, inclusive, and endlessly engaging, catering to different risk appetites, access levels, and strategic playstyles.