- 1.Degen Auction - Penny Auction on blockchain with adjustable parameters.
- 2.$BID Token - Native token for all bidding transactions on MonkeyBids.
- 3.Auction Catalog - A visual list to showcase all the potential or current auction items.
- 4.Curate to earn - Users can vote on potential auction items and get rewarded with $BID token after the auction.
- 5.Auction Badges - A NFT badges to grant the holder access to VIP auctions.
- 6.Auction Parameters - The scope of the auction that can be adjusted for different results.
- 7.Settlement Price - The final price winner needs to pay after the auction. Also act as the maximum price of the auction.
- 8.Bid Increment - A fixed increase scale of the bidding price in the auction. It is usually 1% of the bid price.
- 9.Bid Cost - The cost of each bid.