General rules#

Auctions are an important part of the Golden Clone economic system. The state uses them to distribute rare resources, unique lots, and regulated assets among players. Despite the variety of auction types, they all adhere to common fundamental principles that ensure fair competition, transparent bidding, and equal participation. Below are the universal rules that underlie all auction mechanisms in the project.

General principles of participation#

1. Participation in auctions is available to clones who meet the requirements of a specific lot type (social status, education, developed enterprises, etc.).
2. Participation restrictions are regulated by the state.
3. Lots are put up for auction by the state.
4. Each lot has: a starting price, a type of currency or resource for bidding, and a maximum bidding period (regulated by the state).
5. Bets are placed in the specified currency or resource.
6. Rate increases are carried out without restrictions.
7. The bid step can be fixed or flexible.
8. Once a bid is placed, the corresponding amount is reserved.
9. If the bid is outbid, the reserved funds are returned to the participant.
10. It is not possible to cancel your own bet.
11. The trades have a fixed duration.
12. If a new bid is received at the last minute, the auction time is automatically extended.
13. The winner is the participant who has submitted the maximum bid at the end of the auction (or the maximum order).
14. After the auction is completed, ownership of the lot is transferred to the winner.
15. The lot is transferred within the time period established by the regulations.