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Sale Types

Highlight supports three built-in sale types plus custom mechanics, each suited to different pricing strategies.

Fixed Price

Section titled “Fixed Price”

The simplest sale type. Every token costs the same price throughout the sale.

  • Pricing: Single fixed price
  • Minting: Collectors pay the price and receive their token immediately
  • Use case: Standard drops, open mints, gated mints

Dutch Auction

Section titled “Dutch Auction”

The price starts high and drops on a schedule until all tokens are sold or the sale ends.

  • Pricing: Starts at a high price, decreases at intervals
  • Schedule: 1-5 price levels with a configurable drop interval (hours or minutes)
  • Minting: Collectors can mint at any point at the current price
  • Use case: Price discovery — lets the market determine fair value

How price drops work

Section titled “How price drops work”

You configure a series of scheduled prices and a drop interval:

  1. Sale starts at the highest price
  2. After each interval, the price drops to the next level
  3. The price stays at the lowest level until the sale ends

Ranked Auction

Section titled “Ranked Auction”

A sealed-bid auction where the highest bidders win tokens.

  • Pricing: Minimum reserve bid required
  • Bidding: Collectors submit bids during the sale window
  • Settlement: After the sale ends, the highest bidders can claim tokens
  • Rebates: Optional rebate for winning bids (all winners pay the same clearing price)
  • Use case: High-demand drops where you want competitive pricing

Auction flow

Section titled “Auction flow”
  1. Bidding phase — Collectors submit bids above the reserve price
  2. Sale ends — Bidding closes
  3. Claim phase — Winning bidders confirm their transactions to receive tokens

Compatibility

Section titled “Compatibility”
Sale typeEditionSeriesGenerative
Fixed PriceAllAllAll
Dutch AuctionAllAllAll
Ranked AuctionLimited onlyStandard onlyLimited only

Ranked auctions are on-chain only — the GATED + RANKED_AUCTION combination is always rejected. See the support matrix for the complete, per-row combination list.

Custom

Section titled “Custom”

Register your own sale mechanic smart contract and use it as a sale type.

  • Mechanic: Requires a registered mechanic with on-chain deployments
  • Config: Freeform configuration passed to the mechanic contract
  • Use case: Novel sale mechanics not covered by built-in types
Section titled “Related”