How it works

How it works

  • Each bid raises the price by $0.01.
  • The auction clock restarts from 20 seconds every time someone bids.
  • If no new bids are placed before the clock runs out, the last bidder wins.
  • Before you can take part in an auction you need to buy bids.

 

To buy bids, you need to have a Pylon token (PETN). We do not accept fiat currency here.

Each time you place a bid; it will be deducted from your remaining bids and will increase the price of the auction by one cent. No more than 60 seconds is added to the timer whenever a bid is placed. This allows another user the opportunity to bid if interested. It's just like the auctioneer shouting “Going once...Going twice...SOLD!” at a traditional auction.

And also just like a traditional auction, you win by being the last to bid. Once you pay the final auction price and shipping costs, the item is yours.

 

How to bid

Before you commence bidding, please read these auction rules below:

  1. One user = one account. We’ll check your IP address. Please do not use services that allow changing the IP addresses on your computer. It is not difficult to identify such users.
  2. Group bidding is strictly prohibited.
  3. You are not allowed to use third-party bidding bots.
  4. Misleading USER IDs are not allowed - Please don't apply such tricks.
  5. If you violate one of the rules listed above, we have the right to suspend or even delete your account from the system.

Placing bids on Pylon Auction is an easy process. You need to follow these simple steps:

 

Register your account & buy bids – sign up at Pylon Auction is fast, secure, and easy. It takes less than a minute. Create your Pylon Auction account from the main page, verify your email and mobile number. After that, you’ll be able to login into your Pylon Auction account.

To place bids on any auction, you will need credits. You can buy Credits using Pylon Eco Token (PETN), no fiat currency is allowed. Your credits are stored in your wallet that is part of your account. Once you have enough credits in your wallet, you can start bidding.

 

Click on the BID button to commence bidding for a product on a live auction - choose your products from the amazing deals we have every day at Pylon Auction. You can choose to participate in all the auctions you wish. Find your favorite product on the live auction page and be ready to start bidding when the last few seconds are remaining on the timer. There is no complicated bidding process. Just Click to Bid, that's it. Each bid will deduct some credits from your account. A number of credits that are required per bid are shown on each product page.

Initiate bidding and wait for the timer to reach zero - real competition begins when the last few seconds are remaining on the timer. Click on the “BID” button to place your bid. Each time you place a bid, a number of credits will be deducted from your balance, and time will be added to the clock. Time is added to the clock every time when any auction participant presses on a “BID” button. This gives enough time for someone else to make the decision to BID if they are interested. If you are the last bidder when the timer expires, you’ll be recognized as a winner of a live auction. After you Win, you can claim that product by paying its Bid Closing Price + Shipping & Processing Charges.