How A GBM Auction Works

Introducing The Win-Win Auction System

In a GBM Auction, every bidder gets rewarded — not just the winner. This is the core part of our Win-Win auction system.

✋ Step 1: Place a Bid

• Place the amount you want to bid.

All GBM bids are fully funded - meaning you send funds on-chain to the GBM smart contract when you place your bid.

🎁 Step 2: Get Rewarded When Outbid

If someone places a higher bid:

• You get 100% of your bid back

• Plus an incentive reward

The exact incentive amount is shown to you before you confirm your bid.

🏁 Step 3: Win The Auction

If you're the highest bidder when the auction ends and the seller accepts the final bid - you win the asset. Simple.