Enter the amount of tokens you wish to pay under “You pay”.
Enter the maximum amount of tokens you wish to receive under “You get”
A rate will appear to the right of how many tokens you wish to receive, which represents how many tokens you are paying per payout token. The importance of this is covered shortly.
If the amount under “You pay” is above the minimum quantity, you will be able to approve the transactions and submit your bid.
To make an educated bid, participants can calculate the initial fully-diluted-value or market cap by multiplying their rate by auction’s total capacity.
Check for additional auction features like vesting terms or callbacks.
Always check if the auction has a curator.
Make sure your rate next to “You get” is higher than the minimum price. The higher the rate, the more likely your bid will win. However, bid your true price to avoid overpaying.
You can place multiple bids per auction.
Since bids are private and encrypted, it is not possible for users to view their bids after being submitted. An easy solution to this is taking a simple screenshot.
