DexAuction

1. The DexAuction project and its ideas

DexAuction is the first ever, completely resolution-free, highly customizable auction protocol that supports various auction formats for DEXs, NFT and other trading platforms in large networks.

What does this blockchain give:

Transparency

An online auction without central intermediaries, conducted through smart contracts using a blockchain, resistant to hacking of an immutable ledger, makes the auction processes transparent.

Safety

The use of proven and tested Michelson-based smart contracts (which facilitates formal verification) makes the entire platform reliable and secure.

Speed

Thanks to the high throughput of the Tezos blockchain, auctions can create, configure and conduct auctions in an instant.

Economic efficiency

Due to the absence of the need for central intermediaries to conduct and manage auctions, this allows you to reduce the cost of auctions and allows you to form fair prices.

Tracking

Blockchain allows you to better track the history of bids at auctions, the history of asset ownership, the history of buyers and sellers, which increases their authenticity, reliability and origin.

No single point of failure

Using a decentralized peer-to-peer network of public blockchain nodes, it is guaranteed that there will never be a single point of failure.

TezAuction is an auction platform for NFT based on a single flexible structure for auctions of various formats with customizable auction attributes.

It is built on the Tezos blockchain and integrated with the Oracle ChainLink.

Currently supports the following auctions as a means to place and sell assets:

Forward English

Forward Dutch

Forward Sealed bid

Forward Vickrey

Fixed-price listings

The assets being auctioned include rare, unique, precious and collectible items such as:

1. digital non-fungible assets such as:

1.1 collectible and trading cards

1.2 digital art

1.3 crypto collectible assets - seals and other virtual characters

1.4 in-game assets

1.5 other cool stuff

2. real-world antiques, artworks, etc (after being converted into NFTs)

Initially, the platform will be free. Over time, they may charge one or more of the following fees:

Mining commission

Listing fee

Commission

Participation fee

Bidding fee

Bid fee

Problems

The absence of a truly customizable auction DEX

or NFT market supporting various auction formats:

There is no solution for integrating various auction formats in NFT trading platforms

There is no way for users to sell their easily accessible and not easily accessible Tokens as a bundle

No forecasted bids on auction prices

The high cost of gas and the complexity of use for non-currency users.

Decisions:

The first white solution for integrating various custom

auction formats in NFT trading platforms on multiple blockchains.

Bids for predicting the closing price of the sale price at the token auction.

Minting without gas, listing and bidding NFT, allowing simplified web3 onboarding & experience

Basketization of operated and insolvent tokens

1. The DexAuction project and its ideas

DexAuction is the first ever, completely resolution-free, highly customizable auction protocol that supports various auction formats for DEXs, NFT and other trading platforms in large networks.

What does this blockchain give:

Transparency

An online auction without central intermediaries, conducted through smart contracts using a blockchain, resistant to hacking of an immutable ledger, makes the auction processes transparent.

Safety

The use of proven and tested Michelson-based smart contracts (which facilitates formal verification) makes the entire platform reliable and secure.

Speed

Thanks to the high throughput of the Tezos blockchain, auctions can create, configure and conduct auctions in an instant.

Economic efficiency

Due to the absence of the need for central intermediaries to conduct and manage auctions, this allows you to reduce the cost of auctions and allows you to form fair prices.

Tracking

Blockchain allows you to better track the history of bids at auctions, the history of asset ownership, the history of buyers and sellers, which increases their authenticity, reliability and origin.

No single point of failure

Using a decentralized peer-to-peer network of public blockchain nodes, it is guaranteed that there will never be a single point of failure.

TezAuction is an auction platform for NFT based on a single flexible structure for auctions of various formats with customizable auction attributes.

It is built on the Tezos blockchain and integrated with the Oracle ChainLink.

Currently supports the following auctions as a means to place and sell assets:

Forward English

Forward Dutch

Forward Sealed bid

Forward Vickrey

Fixed-price listings

The assets being auctioned include rare, unique, precious and collectible items such as:

1. digital non-fungible assets such as:

1.1 collectible and trading cards

1.2 digital art

1.3 crypto collectible assets - seals and other virtual characters

1.4 in-game assets

1.5 other cool stuff

2. real-world antiques, artworks, etc (after being converted into NFTs)

Initially, the platform will be free. Over time, they may charge one or more of the following fees:

Mining commission

Listing fee

Commission

Participation fee

Bidding fee

Bid fee

Problems

The absence of a truly customizable auction DEX

or NFT market supporting various auction formats:

There is no solution for integrating various auction formats in NFT trading platforms

There is no way for users to sell their easily accessible and not easily accessible Tokens as a bundle

No forecasted bids on auction prices

The high cost of gas and the complexity of use for non-currency users.

Decisions:

The first white solution for integrating various custom

auction formats in NFT trading platforms on multiple blockchains.

Bids for predicting the closing price of the sale price at the token auction.

Minting without gas, listing and bidding NFT, allowing simplified web3 onboarding & experience

Basketization of operated and insolvent tokens