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Jurf Bizos

Level 1

An all-pay auction is an auction that requires all bidding participants pay their bid amount, regardless of whether they have placed the highest bid.

Example: The winning item for an auction is $1 ,000

Bids start at $1

Every bid is a non-refundable payment

The highest bidder win the prize

Have you seen such auctions implemented in Web3 Dapps ?
3 months ago (E)