Secondary auction

In addition to sending the name to another wallet, the owner of the name can put it up for auction.

The minimum value of the name is set by the owner, the bid threshold is x0,5 of the last one.

The terms of the auction are set by the owner (from 10 minutes to 90 days).

The auction takes place using a contract and cannot be challenged by a third party.

The name transferred through the auction is fully legitimate and passes to the next holder.

The principle of ownership of a name is determined by the fact of ownership of a wallet with this name. Please ensure the security of your seed phrase, private key. We recommend not storing it in an untrusted environment (browser, computer).

The re-auction process is similar to the primary auction process. The process diagram is shown below:

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