Extension on Auctions

NFTezos
When a bid is placed on an auction within the last block, then auction itself is extended by 1 block/10 minutes.

Commentaires

2 commentaires

Date Votes
  • Comment author
    Support
    • Commentaire officiel

    We're working on several improvements to the way auctions work and we'll definitely consider this too. Can you share any feedback as to how you'd expect this to work?

    For example:

    • Is there some minimum incremental bid amount that will allow the auction to be extended?
    • Is there a limit to the number of times it can be extended?
    • Would you expect these options to be customizable per auction or would this become confusing/overwhelming?

    Any insight or perspective would be appreciated!

  • Comment author
    NFTezos

    I wouldn't say a minimum bid amount above the current bid. But some may want it. Possibly a limit on how many times, but unlimited would be good. Also customizable for different auctions would be good to give people a chance to try the options.

    1

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