3 months ago
(E)
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 ?
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 ?