Just like any other auction, an auction in Cryptomania has lots, bidders, and a bid system.
Bidders place bids and compete for the opportunity to buy a unique item.
Each lot has a starting price. Once the auction begins, bidders increase the price. There's a minimum bid increment, which is calculated automatically.
The bidder who offers the highest price for the lot wins.
Auctions are held every 6 hours, with a new item up for grabs each time. Every Cryptomania user can join in on the fun.
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