> For the complete documentation index, see [llms.txt](https://degen-watch-club.gitbook.io/dwc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degen-watch-club.gitbook.io/dwc/intro-to-dwc/how-dwc-works.md).

# How DWC Works

DWC offers a dynamic and engaging process through 3 distinct phases of ownership and participation. Whether you're engaging directly in our [minting events ](/dwc/minting-events/intro-to-minting-events.md)or entering the ecosystem via the secondary market, DWC cultivates flexibility at every stage.

### Here's how Minting unfolds:

#### **STAGE 1**

[**Minting Event**](/dwc/minting-events/intro-to-minting-events.md)**:** Each DWC minting event is distinct, providing participants with a clear overview of the watches they might access. 

#### **STAGE 2**

[**Tier Assignment**](/dwc/dwc-tier-system/tier-structure.md)**:** Upon minting a DWC watch pass, you're randomly assigned to a tier. This tier corresponds directly to the retail value range of the watch you will receive, offering you a precise understanding of the potential retail value of your watch.

#### **STAGE 3**

[**Watch Assignment**](/dwc/distribution-models/understanding-value-pools-and-allocation.md)**:** Following tier assignment, the specific watch allocated to you is revealed. This watch, securely stored in a vault for its protection, is tied to your minted NFT, bridging the gap between digital ownership and physical luxury.

#### **Beyond Minting: Secondary Market** 

We recognize the life of a watch doesn't end post-mint. We actively facilitate a robust secondary market, where you can buy or sell DWC watches with confidence. Knowing that every watch is brand new and protected under DWC's [secure storage and insurance](/dwc/operations-and-logistics/secure-storage-and-insurance.md), adds a layer of trust and assurance to your transactions.