NFT game skins auction
NFT game skins auction rules
The auctioned items are bid with CBT.
The NFT is won by the highest bidder.
For each auction, the starting countdown clock is set to 24 hours.
When there is less than 1 hour on the countdown clock, a new bid will increase the countdown clock by 10 minutes while the countdown clock is capped at 1 hour.
The starting bid of each auctioned NFT is N* CBT. If one bid is won, the next bidder needs to bid 10% more of the previous winning bid. A 10% price difference is created in such way, where 50% of the price difference is distributed to previous winning bidder, and 50% is distributed to the Auction System Reserve.
10% of Auction System Reserve will become CryptoBattles NFT fund, 90% of Auction System Reserve will be injected into project fee pool.
CryptoBattles game skins NFT auction option is coming soon, check the project Roadmap. Modules - Previous Referral system Next - Modules: NFT game skins exchange
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