Winning a lot and paying for it

The high bid at close wins, and settles in $CRAP. Half of what is paid is burned and half goes into the pool.

1. 01

   The clock runs out

   Highest signed bid at close takes the lot. There is no extension, no soft close and no reserve beyond the opening price.

2. 02

   Send the tokens

   Settlement goes to the published address, and the transaction is verified against the chain before the lot is marked paid.

3. 03

   What happens to it

   50% of the $CRAP received is burned and 50% goes into the liquidity pool. Both halves land on chain, which is the only reason it is worth stating — don't take our word for it, go and look at the transactions.

   Neither half goes to the operator.

Auctions are the only thing the token does. Nothing else is claimed for it, and nothing here is an investment.