#CCO CRYPTOART | Notable Pepes | Fake Rares | Deck Of Degeneracy and more. Techno DJ, performer and connoisseur. No rights reserved https://linktr.ee/greencross

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thank you, but what’s the auctions about? who wins the auctions? what does one get by winning. Does one get anything just for bidding?

Auctions are basically a price-discovery mechanism. When the auction closes, every bidder over the clearing price pays the same low price. Then that token is publicly available on a bonding curve, starting at that price. So by participating in auctions, you're buying early and can buy in bulk at the lowest price. Does that make sense?

thanks for the explanation, yes it does make sense. Will bid on some auctions then!