I am running an auction. To the winner, I will send a manalink for Ṁ1000. This market resolves based on number of valid bids. The rules are as follows:

This market is one in a series of different types of auctions. This auction will be structured as a first-price sealed-bid auction. If you would like to participate all you have to do is send me a manalink equal to the amount you would like to bid (the minimum is just Ṁ10, but you can only place 1 bid). You can do this on Discord (DesTiny#9607). Once I claim your manalink, your bid is confirmed.

After closing I will go through each bid amount and find the highest bid, and when that happens I will publicize the bid and give out the winnings. In this auction no bid will be public until the end unless done so by that bidder themself.

An example auction, Alice sends me a manalink for Ṁ100. Alice has the highest bid. Bob then sends me a manalink for Ṁ200, and Bob has the highest bid. Even if Alice learns that her bid has been overtaken she may not rebid her opponent. If no one outbids Bob by market close, I will send him Ṁ1000 and he turns a profit of Ṁ800.

To be clear, your bet will not be public until the end of the auction, so the goal of the auction is to bet as low as possible while still having the highest bet. All unsuccessful bids (any that weren’t the top bid) will be returned making it impossible for me to profit, though I will wait until the auction is closed to return bids so as to not give away too much. If you have any questions please ask

Thanks to @yaboi69 for coming to me with the idea for these markets!

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