Players offer a price using CTT to participate in the prize pool auction. They will obtain the right of permanent dividends from platform transaction fees upon a price offer; at the end of a 60-second countdown, four players with the highest prices will share the prizes of the prize pool. The last price offer of each participating player shall prevail.
(1) Entitlement to the right of permanent dividends：
Players will be entitled to the right of permanent dividends from platform transaction fees upon a price offer (the right of permanent dividends portion that is 1.5 times that of players’ price offer amount). The right of permanent dividends shares dividends from transaction fees with CTT pledge.
（2）Competing for the auction prizepool:
At the end of a 60-second countdown, the player offering No. 1 price (the highest) will win 50% prize of the pool, the one offering No. 2 price (the second highest) will win 25%, the one offering No. 3 price will win 15% and the one offering No. 4 price will win 10%. The last price offer of each participating player shall prevail.
Each time the player makes a bid, they can receive a STAR (can be used for occasional airdrop)
Auction activity round: 1 round per day
Auction start time: Every day at 16 o'clock in Seoul (15 o'clock Hong Kong time)
Auction duration: 60 seconds countdown. With every 1 new bid, countdown resets to 60 seconds.
The bidding rules
- With each bid, price increases by 5% (starting price is 300 CTT)
- A single account can bid multiple times. The second bid only needs to actually pay the difference compared to the first bid. The third bid only needs to actually pay the difference compared to the second bid, and so on.
For example, if you want to bid 1000 CTT for the first time, 1000 CTT for the first time, and 1500 CTT for the second time, you only need to pay 500CTT.
CITEX reserves the ultimate right of interpretation.