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- There can only be 1 (one) auction per month, so it is a FCFS (First come, First served). We will hold an auction for the first person who contacts us when a new month begins and expresses his/her interest in a specific NFT.
- Auctions are taking place on a specific NFT Marketplace. That way anyone can watch and participate in them.
- Auctions are renewable/rollover, which means that each bid put extends the auction's end time by a predetermined amount of time, often a few minutes. This method encourages competitive bidding by allowing participants to bid until no additional bids are put within the extended time range, which is ten minutes (10'). Time can only be extended up to ten (10) times, maximum, so that the bidders do not keep the auction running for too long.
