How AssetDivide Auctions Work

Working example of how items are awarded:

Bid Criteria: 40%

Winner: No winner yet

Hidden Optimized Bid Criteria: This ensures each round is optimized with the best possible bid criteria that remains unknown to prevent gamification.

Multiple Rounds of Tied Bids and Points Refund

How ties are handled and how you get your points back for the next round:

1. Tie Range Calculation: If the difference between the bids falls within the set Tie Range, it's considered a tie.

2. Points Refund: Both participants get their points back when there is a tie. This means no points are deducted, and you can use the same points in the next round.

3. Moving to the Next Round: After a tie and points refund, you can place new bids with your refunded points in the next round of bidding.

This system ensures fairness by allowing participants to continue competing without losing points if bids are too close.