Auction rules

Given one auction, there are N items, each user can only bid on one of those items.When the number of users participating in the auction does not exceed the number of the items,the bid can be equal to or higher than the base price and the price must be the base price plus an integral multiple of the minimum bid increment.When the number of users exceeds the number of the items, the user must bid higher than the price the moment to get the lowest bid price of the commodity, the price must be the base price plus an integral multiple of the minimum bid increment. Users can bid more that once during the process. The system will automatically freeze the user account after a successful bid and the deducted account credits will remain that number or be returned to the user depending on whether the corresponding user win the auction or not. In the end, The highest N bidders get the corresponding N items and the item belongs to the user who bad earlier if several users bid the same price.

Auction example

Considering an auction with 5 items, the base price is the same 100 and the bidding increment is 10. The first five bidding price are 100, 120, 100, 130, 110. The sixth user shall bid at least more that the lowest price, i.e, 100. When the sixth user bid a price of 110, the final result is 130, 120, 110, 110, 100, so the seventh user shall bid at least 110. The highest five bidder win the get the items and the item belongs to the user who bad earlier if several users bid the same price. The password of the virtual items will be automatically sent to the user who can check his/her account and get the item.

Exchange rules

All involving users bid according to the items' price. The first N bidder win the corresponding N items. The system will freeze the user account after a successfuly bid and recalculte the account. The password of the virtual items will be automatically sent to the user who can check his/her account and get the item.

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