The Bid Fee is a fixed amount you must pay every time you make an offer.

The objective is to offer the highest unique offer equal to or lower than to the Price Cap of the auction.

A unique offer also known as an Active offer, is an offer with a value that no one else has made before or after it was submitted.

Identical offers are burnt for all bidders and can no longer win the auction.

No. Once the value of a specific offer was burnt i.e 0.1155ETH, any bids submitted that have the same value will instantly be burned.

These are the rules of the game: try to get as close as possible to the Price Cap without getting burnt.

There is no limit.

Once you place a bid, you will immediately be able to see it in the ranking table while it is active, or alternatively a notification will pop-up if the bid was burnt.

Yes. If all the bids above you get burnt, and no additional bids are placed by other players, your bid will be ranked #1.

The auction will continue until the timer reaches zero and bidders can continue to place their bids.

A new auction will open and all bids will be rolled over along with their current ranking. This can happen up to 3 times consecutively, after which a cool-off period of 12 hours will take place before the next auction will begin. During the cool-off period, bidders can redeem their Bid Fees at no cost or wait for them to be rolled over to the next auction.

Congratulations! You just won an NFT for a fraction of its price! Go to your profile and claim the NFT by paying the winning offer.