# Daily Auction (How To Mint)

There will be an auction-style minting phase that runs for 30 days only. At the end of the 30 day minting phase, no more $BOOM will ever be created.

Each day is an auction, so the amount a participant receives on a particular day will depend on the number other participants for that particular day. \
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The following formula is used to determine the exact distribution per day that the auction is live:\
\ <mark style="color:green;">**$BOOM Received = (Participant’s XNT Contribution / Total XNT Contributions) × 30,000,000**</mark>

This process will continue for 30 days. There's a total of 30,000,000 $BOOM available per day that will be split pro-rata amongst the participants of the auction, so fewer participants equals a higher payout per participant that day (less competition).<br>

<mark style="color:green;">**How to Mint $BOOM:**</mark>

<mark style="color:green;">**Step 1**</mark> - Go to our minting website and connect your wallet.

<mark style="color:green;">**Step 2**</mark> - Use XNT to mint $BOOM. You have 30 days to mint via the daily auction.

<mark style="color:green;">**Step 3**</mark> - Selecting days to mint when there are fewer auction participants will award you with a higher percentage of the daily allocation of 30M $BOOM.

<mark style="color:green;">**Step 4**</mark> - Minted $BOOM is claimable for all participants at the end of the minting phase (Day 30). LP for $BOOM will be added at this time and locked forever (starting price will dependent on how much XNT is deposited).

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*\*This approach ensures that each day offers an equal and fair opportunity for users to participant for the best price possible.*\
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*\*\*Don't forget to* [*refer your friends*](https://boomtown.gitbook.io/boomtown/token/readme-5) *to earn XNT.*


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