Auctions

Bidding

1. Open an auction listing.
2. Review the minimum price, minimum increment and end time.
3. Enter your bid and approve the transaction.
4. Your bid is held by the auction escrow.

Outbid

If another bid is higher, your previous bid is refunded without the 1 ADA bid fee.

Closing

After the end time, the auction can be closed permissionlessly by the seller, the Keeper or another participant. The winning bidder receives the Handle; the seller receives the proceeds minus the platform success fee.

No bid

If no bid is placed, the auction expires without a delist fee. The Handle can be listed again.

Fees

• Auction bid: 1 ADA per bid, non-refundable
• Success fee: 1% of the highest bid, minimum 1 ADA, paid by the seller
• Network fee: separate