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Help Center
Auction Rules
1. Bidding Rules
The first bidder can place a bid at the starting price or in integral multiples of the price increment.
For example, the starting price is $200 and the increment is $50, so the first bidder can bid at $200, $250, $300, and so on.
5-Minute Delay
If a bid is placed within the last 5 minutes of the auction, the auction end time will be extended by 5 minutes. This process repeats until no further bids are made.
3. Bidding Cycle
The auction has a fixed bidding cycle, and even if there are no bids for a long time, it will not end prematurely.
4. Penalties for Violations
To protect the rights of other buyers, bidders engaging in malicious bidding and refusing to make the final payment after winning the bid will face penalties.
Penalty details: Fines will be imposed as publicly announced, and the bidders must adhere to auction rules and bear the consequences, including a 7-day ban on participating in any auctions.
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