Daxdi Premium auctions guide
How do Daxdi Premium auctions works?
Premium auctions have a limited number of bids that must be placed in them.
Each user can place as many bids as desired, there is no limit or restriction.
When all the bids necessary for the auction to end have been placed, the winner of the auction will be the user who has placed the lowest unique bid, that is, the bid closest to 0.01 without any other user having placed a bid for the same amount.
We leave you with a brief guide so that you can understand the Premium auctions and start participating in them.
What are the Premium auctions?
Premium auctions are auctions with no time limit or countdown. They have a pre-set amount of bids that must be placed in the auction before it can end.
All auctions have the same minimum price of $0.01 and a maximum price that varies according to the auction. Bids can be placed for any amount within the range between the minimum and maximum auction price.
Douplicated bids
When the same bid is placed by more than one user that bid is no longer unique and therefore becomes invalid, it will no longer appear in the auction details view.
On the auction details page you can see the top 5 unique bids of the auction, that is, the 5 bids that are winning the auction, without having been duplicated. If the auction ends at that time the bid shown in first position would be the winner of the auction and therefore the auctioned product would be sold to that user for the amount of his bid.
Advanced help tool
On the details page of each auction, you have at your disposal a tool with which you can reveal the full price of the bids that are in first, second and third position. Use this tool carefully as its use has a cost in Daxdi coins that will be deducted from your balance.
In addition, by default in the auction details view itself we show you the last digit of the first 5 unique bids.
What is a unique bid?
A unique bid is a bid placed on the auction for an amount that has not been placed by any other user, meaning that if you place a bid for $0.02 and another user places a bid for $0.02 that bid will be duplicated and will no longer be unique, so you will not be able to win the auction. The lowest unique bid, closest to $0.01 without being repeated by any other user, will be the winner of the auction. Take advantage of the tools we provide to place your lowest single bid.
Winning a Premium auction
When all the remaining bids indicated by the auction to end are placed, the auction will end, and the user who currently occupies the first position in the ranking, that is, who has the lowest unique bid, will be the winner of the auction.
The winner of the auction will only have to pay the amount of their winning bid to purchase the auctioned product, and as with all Daxdi auctions the winner of the auction will receive Daxdi points and an increase in progression to the next user level.
