dego.finance
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  • What is dego.finance
    • Roadmap
    • DEGO Token
      • Token Migration
        • How to claim the new DEGO tokens? (for users who have tokens in their address/DEX)
        • How to claim the new DEGO tokens? (for users who held tokens on CEX)
      • Cross-Chain Transfer
    • Audit Report
    • Referral - CAMPAIGN ENDED
      • Invite Referrals
    • DEGO Glossary
    • DEGO DAO
      • Governance
    • Community
      • Ambassador Program
      • Donation
      • Feedback & Support
        • FAQ
  • Modules
    • DeFusion
      • Earn Credits
      • Text to Image
      • Image to Video
      • Train a LoRA
      • Picture to Anime
      • AI Inpainting
      • AI Anime Training
      • AI Creation Training
    • DeVote
    • Delta
    • Mining
    • DEGO NFT
      • Introduction
      • Claim NFT
      • Mining Pools
      • Auction
      • Market
      • Cast NFT
      • Decompose NFT
      • NFT for Good
  • Others
    • DEGO Swap
    • Hunter
    • Dandy
    • Rewards Pool
    • DEGO Lending
    • DEGO Insurance
    • DEGO Chain
  • DeFi Glossary
  • Press Kit
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  1. Modules
  2. DEGO NFT

Auction

PreviousMining PoolsNextMarket

Last updated 4 years ago

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Auction Rules

  • The auctioned items are bid with ETH.

  • 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 1 ETH. 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 20% of the price difference is distributed to previous winning bidder, and 80% is distributed to the Auction System Reserve.

  • 5% of Auction System Reserve will become DEGO NFT fund, 95% of Auction System Reserve will be injected into Reward Pool under Gego Module.