Auctions
Originally published in the Arkham whitepaper.
Sellers put intelligence up for sale by conducting auctions. Arkham Intel Exchange auctions will follow the same paradigm as auctions on NFT marketplaces, where sellers can set a purchase price, minimum bid, and length of auction. Once the seller submits an auction post, the intelligence is verified by Arkham before the auction begins. To prevent spam, auction holders stake 10 ARKM with their submission, which is lost if the submission is rejected. Auctions, like bounties, have a 15 day lock-up before a winning bid can be withdrawn from the auction smart contract, but auctioneers can withdraw early for a 10% fee.
DISCLAIMER: THIS IS NOT AN OFFERING OR THE SOLICITATION OF AN OFFER TO PURCHASE TOKENS. THIS DOCUMENT CONTAINS HYPOTHETICAL, FORWARD-LOOKING STATEMENTS WHICH ARE NOT GUARANTEED AND MAY DIFFER FROM THE ACTUAL DESIGN, IMPLEMENTATION, AND OPERATION OF THE TECHNOLOGIES, MECHANISMS, AND OTHER ELEMENTS DESCRIBED. ARKHAM MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS OR ACCURACY OF THIS DOCUMENT AND IT IS SUBJECT TO CHANGE WITHOUT NOTICE.
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