English

What is an English Auction

If you're familiar with bidding on other marketplaces, the English auction is the standard.

An English auction is a traditional open ascending price auction where bidders publicly bid against one another, with each subsequent bid required to be higher than the previous. The item is sold to the highest bidder at the end of the auction.

Sealed improves on this type of auction by making bidding gasless and allowing bidders to set scheduled bids which are bots which will bid up price, thus automating the process of bidding so that user's presence is not needed.

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