How does it work?
"Last Degen Standing" Auctions Platform
1
Traditional Auctions
Boync Auctions
SMB #343 is up for auction
Last degen Standing wins when clock runs out
Highest Bidder wins when clock runs out
Auction Begins with No
Starting Price
Auction begins with
starting price of 10SOL
60 Minutes duration
10 Minutes Passed
10 Minutes Passed
Time
User `X` places a bid
of 11SOL ~330USD
User `X` places a bid
by spending 1 BOYNC Token
(Priced @ 0.03SOL ~1USD)
How does it work?
"Last Degen Standing" Auctions Platform
2
Traditional Auctions
Boync Auctions
SMB #343 is up for auction
Last degen Standing wins when clock runs out
Highest Bidder wins when clock runs out
User 'X' becomes
highest bidder with
11 SOL to be paid
Countdown clock
is now 50 Minutes
Time
User 'X' becomes
'Last Degen Standing' with
1 BOYNC spent
By placing a bid, user 'X' increased
the auction's countdown by 1 minute.
Countdown clock is now at 51 Minutes
How does it work?
"Last Degen Standing" Auctions Platform
3
Traditional Auctions
Boync Auctions
SMB #343 is up for auction
Last degen Standing wins when clock runs out
Highest Bidder wins when clock runs out
Countdown clock runs out -
User 'X' wins the auction
Spent 11SOL ~330 USD
Time
Countdown clock runs out -
User 'X' is the
'Last Degen Standing' -
wins the auction
Spent 1 BOYNC Token
= 0.03 SOL ~ 1USD