How does the AUTOMATIC RAISE in an AUCTION work ?


Automatic Relaunch will also be introduced soon!

When placing an Auction Bid, you will have the option of entering the amount you are willing to spend for that vCard in the "Bid Limit" field.


At this point the “Bid Limit” value will only be visible to you, but the Auction's CHO.earth system will automatically raise $ 0.50 steps for you up to the limit you have given.


The value of the "Offer Limit" may be that you do not spend it completely if no bids are made by other users.

So your bid is limited to the last raise made by you.


If other users' bids exceed your "Bid Limit" you will lose the Auction, but you can raise or put an additional "Bid Limit".

Please note that 5 'before the auction closes, it will no longer be possible to raise.


So the "Bid Limit" if done in an intelligent way, can make you win the Auction, because the system blocks single bids but continues to do Automatic Bids until the winner is whoever has set the highest "Bid Limit".




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