Great question.
In the past non crypto built penny auction websites do use some form of bid automation to increase the price. When the penny auction market place is built it will only allow users who have purchased bid packages to bid, the cost of all bid packages is sent to the burn address, therefore all bids are traceable on the blockchain. We will not be inflating the price as all the information will be public knowledge.
Topic: Penny Auction Marketplace For Crypto & Pokémon Lovers (Read 63 times)
My understanding of penny auctions is that you lose the money once you have placed a bet right? If that is the case how do you prove that you are not placing bids on the back end to artificially inflate the price? Being a new company operating on trust alone is not enough in my opinion and I think a provable fair system should be put in place using the Blockchain.
SafePokeman Token (SAFEPOKEMAN) is a decentralized Bep20 utility token created for mass adoption. We are developing a penny auction NFT marketplace on the Binance Smart Chain.
SafePokeman aims to be the leading NFT marketplace auction platform for mass adoption on the Binance Smart Chain. Built strategically to incorporate penny auction functions and hyper burning mechanisms. This will enhance the future of NFT investing.
SafePokeman aims to make valuable NFTs accessible to everyone. The penny auction marketplace allows users to purchase bid packages to place $0.01 bids, therefore users will be able to win valuable graded Pokémon NFTs, NFT artwork and cash pool prizes etc, at a fraction of the RRP.
SafePokeman is charity focused. We donate the final sale price of each auction to charities around the world. This means that SafePokeman Token is not making any profit on the auction marketplace.
TOKENOMICS
Total Supply 1,000,000,000,000,000
A 10% tax is applied on all transactions, of which 3% is redistributed amongst holders, 3% is burnt from the total supply, 2% is sent to the development wallet, which is used for marketing and funding the development of the project and 2% is sent to the reward pool which is used to fund auction prizes and token burns.
Penny Auction Marketplace
SafePokeman’s primary use case is to provide a penny auction marketplace for users that would like to bid on graded Pokémon TCG NFTs, Pokémon inspired fan art, SafePokeman custom collection of NFTs, bid packages and cash pool prizes.
All graded TCG Pokémon cards are owned by the founder & developer and are stored in a safe, so all NFTs created are backed by physical asset.
Users of the penny auction marketplace will need to purchase bids to participate in auctions.
Purchase/Redeem
Purchase your bid package and place bids on the penny auction marketplace. All bid package transactions are sent to the burn address triggering SafePokeman’s hyper burn mechanism. Therefore, the value of SafePokeman will increase and simultaneously the circulating supply will decrease.
SafePokeman holders can also redeem their accumulated rewarded tokens to purchase bid packages. This incentivizes our users to hold.
Place Your Bids
Each auction runs on a 24 hour timer. The auction may last longer than 24 hours due to the built in gamification where the timer will instantly reset to 60 seconds every time a bid is placed within the 60 second count down time frame. This is a new and exciting way to win auction items on the blockchain.
Each bid placed is the equivalent of $0.01, this allows the final auction sale price to be low.
Winning
When the auction has ended and the final sale price has been paid, the prize will be transferred to the user’s wallet. If you have bid on bid packages, these will be credited to your account. The final sale price will then be donated to charities worldwide, meaning that SafePokeman is not profiting from the penny auction marketplace.
We have just launched our airdrop bot which allows you to collect SAFEPOKEMAN tokens by claiming a reward every 12 hours and referring people using your unique link.
Airdrop Telegram Bot : @SafePokemanToken_Bot
Announcements
Telegram - @SafePokeman_News
Community
@safepokemanofficialchat
SafePokeman aims to be the leading NFT marketplace auction platform for mass adoption on the Binance Smart Chain. Built strategically to incorporate penny auction functions and hyper burning mechanisms. This will enhance the future of NFT investing.
SafePokeman aims to make valuable NFTs accessible to everyone. The penny auction marketplace allows users to purchase bid packages to place $0.01 bids, therefore users will be able to win valuable graded Pokémon NFTs, NFT artwork and cash pool prizes etc, at a fraction of the RRP.
SafePokeman is charity focused. We donate the final sale price of each auction to charities around the world. This means that SafePokeman Token is not making any profit on the auction marketplace.
TOKENOMICS
Total Supply 1,000,000,000,000,000
A 10% tax is applied on all transactions, of which 3% is redistributed amongst holders, 3% is burnt from the total supply, 2% is sent to the development wallet, which is used for marketing and funding the development of the project and 2% is sent to the reward pool which is used to fund auction prizes and token burns.
Penny Auction Marketplace
SafePokeman’s primary use case is to provide a penny auction marketplace for users that would like to bid on graded Pokémon TCG NFTs, Pokémon inspired fan art, SafePokeman custom collection of NFTs, bid packages and cash pool prizes.
All graded TCG Pokémon cards are owned by the founder & developer and are stored in a safe, so all NFTs created are backed by physical asset.
Users of the penny auction marketplace will need to purchase bids to participate in auctions.
Purchase/Redeem
Purchase your bid package and place bids on the penny auction marketplace. All bid package transactions are sent to the burn address triggering SafePokeman’s hyper burn mechanism. Therefore, the value of SafePokeman will increase and simultaneously the circulating supply will decrease.
SafePokeman holders can also redeem their accumulated rewarded tokens to purchase bid packages. This incentivizes our users to hold.
Place Your Bids
Each auction runs on a 24 hour timer. The auction may last longer than 24 hours due to the built in gamification where the timer will instantly reset to 60 seconds every time a bid is placed within the 60 second count down time frame. This is a new and exciting way to win auction items on the blockchain.
Each bid placed is the equivalent of $0.01, this allows the final auction sale price to be low.
Winning
When the auction has ended and the final sale price has been paid, the prize will be transferred to the user’s wallet. If you have bid on bid packages, these will be credited to your account. The final sale price will then be donated to charities worldwide, meaning that SafePokeman is not profiting from the penny auction marketplace.
We have just launched our airdrop bot which allows you to collect SAFEPOKEMAN tokens by claiming a reward every 12 hours and referring people using your unique link.
Airdrop Telegram Bot : @SafePokemanToken_Bot
Announcements
Telegram - @SafePokeman_News
Community
@safepokemanofficialchat
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