Auctions in AssetDivide
Whether you're trying to create a will or divide up heirlooms, the auction process ensures everything stays fair and transparent. Participants place bids, compete for the assets they want, and the system handles the rest. But it’s not just about who bids the most—it’s about making sure everyone’s playing by the same rules, with the right tools to bid confidently and strategically.
Show participants the winning bid percentage
Want to encourage smarter bidding? Turn on this setting to give participants visibility into the winning bid percentage after each round leading to more strategic, nuanced bidding behavior in future rounds.
Ability for auction managers to change bid criteria between rounds
Need more flexibility as the auction progresses? This setting lets auction managers adjust the bid criteria between rounds. Early rounds might need a higher threshold to weed out weaker bids, but as things heat up, you can lower the percentage to encourage more aggressive final bids.
Number of bids submitted visible to other bidders
Transparency without giving too much away. This setting lets participants see how many total bids have been submitted on an asset, but not the amounts. It keeps things competitive and adds a layer of excitement without tipping the scales.