DollyPad Finance
  • ๐Ÿ“šAbout DollyPad Finance
  • Tokenomics
    • ๐Ÿ”ˆToken Information
    • ๐Ÿช™Token Distribution
    • ๐Ÿ“‘Smart Contract Audit
    • ๐Ÿ“‡KYC Certificate
  • FEATURES
    • ๐Ÿ’ธTransactional Tax
    • ๐Ÿค‘$BUSD Reflections
    • ๐Ÿ’ณAutomatic LP
    • ๐Ÿ‹Anti-Whale Mechanism
    • โ™ป๏ธDolly V1 Swap
  • Ecosystem
    • ๐Ÿ”จAuction Pool
      • ๐ŸธHow does it works ?
      • โ˜๏ธHow to participate ?
      • ๐Ÿ†How to be a winner ?
    • ๐ŸคP2P Collateralized Loans
      • ๐Ÿ—ฃ๏ธWhat Is P2P Collateralized Loans and FAQ
      • ๐Ÿ“•How to Use P2P Collateralized Loans
      • ๐ŸคP2P Collateralized Loans Service Agreement
    • ๐Ÿš€Launchpad
    • ๐Ÿ’ฒStaking
    • ๐ŸงบNFT Marketplace
    • ๐Ÿ‘จโ€๐Ÿ”ฌMeta-Empires
    • ๐ŸŽฎPlay 2 Earn
    • ๐Ÿ’ตDollySwap
  • Community
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  2. Auction Pool

How does it works ?

PreviousAuction PoolNextHow to participate ?

Last updated 3 years ago

People who are familiar with how auctions run on Ebay will be familiar with the basics of AuctionHouse, however the AauctionHouse platform is fully decentralized, the different of Dollypad Auction with the basics of AuctionHouse is buyer bid against the funds collected in the pool. The workflow is as follows:

  1. Auction Pool Collected the funds 1% from each of $DOLLY transaction.

  2. Auction Pool Auto start every funds collected in the pool reach the minimum (1 BNB) and always update according to the amount available in the pool).

  3. Auction will run for 24 hours after first bid and Ended if last bid reach 3/4 (75%) of market price.

  4. Open prices start from $5 and users can bid by increasing bids every $5 / bid ()

  5. The winner will be picked based on the biggest bid in the last 24 hours or bid have reached 3/4 from market price. ()

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