I am running an auction. To the winner, I will send a manalink for M$1000. The starting bid is just M$1.
You bid by sending me a manalink equal to the value of your bid. You can do this on Discord (IsaacKing#7376) or via email (is.aack@yahoo.com). Once I claim your manalink, your bid is confirmed. (Later bids sum with earlier ones, so your bid is the total value of mana you've sent me.)
I will update this description with each new highest bid as I receive it. If anyone accidentally sends me a manalink that is too low to be a valid bid, I will not claim it. If multiple people try to bid the same amount at almost the same time, I'll try to claim the one that was sent first.
For example, Alice sends me a manalink for M$1. Alice has the highest bid. Bob then sends me a manalink for M$2, and Bob has the highest bid. Alice then sends me a manalink for M$2, making her total bid M$3. If no one outbids Alice by market close, I will send her M$1000, and she turns an overall profit of M$997.
To prevent last-minute sniping, the auction won't end until 24 hours after the most recent bid. (I'll reopen the market as necessary.)
This market resolves based on the value of the winning bid.
Current high bid is M$1001 by @DesTiny.
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ45 | |
| 2 | Ṁ43 | |
| 3 | Ṁ31 | |
| 4 | Ṁ21 | |
| 5 | Ṁ10 |
@DesTiny Oh yeah, I forgot to mention that bids are cumulative, so that's fine. Just edited the description.
@IsaacKing also do you get your money back if lose the bid or are you also expected to make a profit?
@IsaacKing oh I see, so hypothetically there could be a situation where people are bidding over Ṁ1000 to not lose they amount they bid
@XComhghall That bid wasn't confirmed, so it couldn't win, so it doesn't count towards market resolution.
Also, I just realized I forgot to include antisnipe rules, I'm going to make that edit now. I doubt the lack of that rule affected anyone's bets, but if it did, let me know.