MonkeyBids Litepaper
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Glossary

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