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For the complete documentation index, see llms.txt. This page is also available as Markdown.

XAM

XAMs are the various AUCTION MODELS for engagement on the AuctionX blockchain-based decentralized online auction platform. We have eight XAMs on offer to our AuctionX community with mechanisms for winning amazing DEALS.

XAM highlights:

  • AuctionX aims to present opportunities that can be deemed as 'DEALS' to community members and other users, where each auction is a revenue generation channel for the AuctionX platform and the auction houses running any XAM.

  • Each XAM is an independent engagement model with its unique process and opportunity, combining fun, luck, and skills as defined by the mechanics of the respective BAMs.

A short description of each AuctionX Auction Model (XAM) follows

1. Discreet Bid: Sell-price is kept discreet. | Amazing auction mechanism for businesses that do not want to advertise deal rates. | A good example is luxury hotels that don't want to advertise deep discounts as it causes brand erosion yet want to sell their unsold rooms.

2&3. Unique Top and Bottom Bids: Both are fun auction types. | Takes gamification to the next level. | Luck dominant. | Can win amazing products at unimaginably low prices.

4. The Last Play (Penny Auction): Fun auction mechanism. | WIN WIN WIN for the winner, house, and non-winners. | How about winning an iPhone at $ 1 - but if you don’t win – you still get the iPhone at market price.

5. Dutch Auction: Perfect auction mechanism with a non-deterministic product price. | A good example is Google’s IPO (initial price offering); ALGO did their ICO using this auction mechanism. | AuctionX will bring in the Dutch Auction mechanism for future ICOs.

6. English Auction: Simplest and most popular form of auction. | Bids are either sealed or open. | Very good for selling non-deterministic priced products.

7. Vickery Auction: English Auction twist. | Good for selling non-deterministic priced products. | Brings greater value to the auctioneer than normal. | Popular auction mechanism for NFTs, artwork, etc.

8. *Charity Auction: Simplest and most popular form of auction. | Bids are either sealed or open. | Very good for selling non-deterministic priced products.

AuctionX is a ‘for-profit’ platform committed to bringing in fantastic returns for its investors, team members, advisors, and general community.

Let's go through each Auction Model (XAM).

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