Auction Functionality

dMarqt enables users to list items in an open auction where anyone can participate using their preferred crypto. At the end of the auction, the platform will identify the highest bid and initiate the transaction process between the seller and the buyer. Unsuccessful bids will be automatically refunded to the participants' wallets, or to their platform wallet if they registered via Twitter.

To ensure security and prevent fraudulent listings, users must complete the KYC (Know Your Customer) process before initiating an auction. This functionality allows users to list items on the open ma rket for sale at whatever price the community feels they are worth.