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GeoMarket
Get the AppCommunity
  • GeoMarket
  • General guidelines
  • How does it work?
  • What is the goal?
  • Global Market
  • Local Markets
  • Location value and Share value
  • How to start?
  • Fees
  • Income
  • Dashboard
  • Leaderboard
  • Making an Offer
  • Positions and Roles
  • Levels
  • Auctions
  • Guidelines and Terms
  • Common errors and solutions
  • Terms and conditions
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  • What are Auctions?
  • General Terms:
  • How to Sell Your Shares at Auction:
  • How to Buy Assets from Auction:

Auctions

What are Auctions?

Auctions allow you to sell your assets or bid on shares from other players to expand your portfolio.

General Terms:

1. Each auction runs for 24 hours.

2. You can place only one bid per asset.

3. Your bid must be higher than the starting price—there's no upper limit!

4. The highest bid wins the auction.

5. After the auction ends, you'll be able to view all bids and see if you've won or lost.

6. When you place a bid, the required Guide Points are reserved from your wallet until the auction ends.

7. If you win, the asset is added to your Portfolio. If you don't, your Guide Points will be refunded.

How to Sell Your Shares at Auction:

1. Go to Dashboard -> Portfolio, then tap Sell at Auction on the asset card.

2. Choose the number of shares and set a minimum starting price.

3. Tap Sell at Auction—your asset will be up for auction for 24 hours.

How to Buy Assets from Auction:

1. Go to the Auctions tab and check out the Live auctions.

2. Tap Bid to place your offer.

3. Enter the amount of Guide Points you're willing to bid.

4. Wait for the auction to conclude (each auction lasts 24 hours). You'll be notified if you've won the auction.

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Last updated 7 months ago