Buying & Selling $BGT
Last updated
Last updated
When you click on 'Auction' in the top navigation bar, you will be directed to the Auction page.
Near the top of the page, you will see the Pending Lot, which you can place your $BGT for sale in the next dutch auction.
Once you click on 'Sell your BGT.m' button, a modal will appear. You may indicate the amount of BGT.m that you would like to auction in the input field.
The dutch auction on the Pending Lot will only begin once the lot is completely filled.
If you're contributing more $BGT than the available capacity in the current Pending Lot, it will trigger the dutch auction to begin, and the overflow amount will be contributed in the next Pending Lot.
Once the lot you've contributed to has been purchased, the amount of $BERA, proportional to your share of the lot, will be sent to your wallet automatically.
For instance, you have contributed 25 $BGT to the lot (your share of the lot is 25%) and the lot is sold at 240 $BERA. You will receive (240 $BERA * 25%) - 3.3% platform fee = 58.02 $BERA, directly sent to your wallet.
You may view Active Auctions right underneath the Pending Lot section. When the Pending Lot is completely filled, an Active Auction will be populated here.
Since lots are sold via a dutch auction mechanism, newer lots will have a higher Current Price. The Current Price will be updated automatically.
If you find a lot at a suitable price, you may click the 'Buy' button to purchase the lot. To complete the purchase, click 'Purchase with BERA' button and approve/confirm the transaction on your wallet. You cannot buy part of a lot, so make sure you have sufficient $BERA to purchase the whole lot.
Once you have successfully purchased a lot, your BGT.m balance will be automatically updated. Very soon, you will be able to check your transaction and purchase history on your profile page.
With the new BGT.m you just purchased, you will be able to resell them via auctions, or delegate it to your preferred validators. You can also redeem your BGT.m at a 1:1 ratio.
You may view past completed auctions and platform stats by going to 'Auction' tab in the top navigation bar, then find 'Completed Auctions' near the top of the page.
You may view the details of completed auctions by scrolling down the page and click on the 'View' button for each complete auction lot.
