Auctions
Bonesville Auction House - Where every object has a story to tell
How it works:
$GRVE will be used for auctions
To create an auction, a 100 $GRVE burning fee must be paid
The auction has a time limit and an initial bidding price and you can choose the minimum bid increment. (The minimum bid must equal the current bid plus the minimum bid increment)
If no users participate in the auction, the creator may request the return of the NFT (The burning fee is not refunded)
If there are valid bids, when the auction expires, the creator can take the $GRVE of the winning bid; the winner of the auction can claim the NFT; those who bid without winning can take back their previous bids
If a user places two bids because the previous bid was outbid, the $GRVE to be deposited will be equal to the value of the new bid minus the previous bid ($GRVE already deposited)
Happy bidding!
Last updated
