1. Enter Auction
B. Select [Auction] to enter the auction page.
2. Auction mode
A. After entering [Auction] , you can choose between [English auction](Increased Price Auction) and [Dutch auction] (Reduced Price Auction) according to your auction preferences;
B. Increasing price auction: During the auction process, the bidders’ quotations increase in sequence from low to high, and the price trend only increases and does not decrease until the bidder’s highest quotation is confirmed to be sold at the end of the auction;
C. Reduced price auctions: The auction objects start bidding at the starting price, descending from high to low according to a certain frequency, until the total amount of the auction's computing power is met by all the bidders, and the auction ends. The auction objects will be sold at the final price. Amount.
A. You can select the corresponding auction session, and click [Go to auction] to enter the [Auction Details Page];
B. You can check the details of the auction site on the details page to understand the rules and details of the auction;
C. You can confirm your participation in the auction by clicking [Join now] ;
D. You can participate in the auction before and during the auction.
4. Ready for the auction
A. You can view the countdown to the next auction in [Auction home];
B. Enter the "Soon to Start" page, and you can query all the upcoming auctions. You can choose the corresponding auction events to sign up in advance, and in the [My Auctions] order query has put in order.
A. After clicking [Join now], a pop-up box for deposit payment will pop up, click [Confirm Payment] to complete the payment;
B. The amount of the deposit will be automatically calculated based on the total amount of calculation power of each auction, and the minimum deposit is 20.00 USDT;
C. After the auction, if the bidder fails to win the bid, the deposit will be automatically released and returned to the fund account. If successful, the margin will be deducted automatically according to the transaction amount;
D. If the hashrate that has won the bid is not completed within the time limit, the system will determine that the purchase has been abandoned, and the deposit will not be refunded. If the new friend is successfully registered within 24 hours after the breach of contract, the system will refund your deposit, and you will not be able to get a refund if it expires.
A. After the auction starts, watch the real-time dynamics of the auction in the [Auction Details Page];
B. You can decide whether to bid or not by observing the changes in the current price or the bidding status of the auction house;
C. After confirming the bid, you can click [Bid], enter your quotation or bid quantity, and confirm that the bid is completed.
7. View the winning bid result
A. After completing the bidding, you can check whether the bidding of your account is successful or not through the bidding history;
B. After the auction ends, the winning bidder can enter [Auction]-[My Auctions] to view the pending payment information.
A. Once make a success bid, the payment must be completed within 15 minutes. After the timeout, the order will be automatically cancelled and not be able to be paid;
B. After confirming the payment, the system will automatically deduct the corresponding purchase cost from the fund account.
9. Breach & Limit
A. If your auction order has not been paid and overtime, you can not join any auction again. In order to join auctions again, please share the promotion page with a new friend, you will unlock the rights to join auctions again.
B. If you have participated in 3 consecutive auctions on that day, you need to complete the sharing of the auctions before you can continue to participate in more auctions.
You can join the Telegram group (Click to visit) for consultation to learn more about auction information.