Frequently Asked Questions
What is nano.auction?
nano.auction is a Nano-based auction platform where bids are placed with Nano transactions.
How do I place a bid?
Send Nano to the bidding address shown on the auction page. The amount you send is your bid.
What happens if I am outbid?
If your bid is outbid by a higher valid bid, your bid is automatically refunded.
What happens if my bid is invalid?
Invalid bids — for example bids below the minimum required increment — are automatically refunded.
Do I need an account?
No. In the first prototype, your Nano wallet address is your identity.
What is a multi-item auction?
A multi-item auction allows several identical items to be auctioned at the same time. The highest bids up to the number of available items win.
How is the winner determined?
When the auction ends, the highest valid bid (or highest bids in a multi-item auction) wins.