❔How to use BidHub

TL:DR - Connect, submit bids at the price you choose; wait for the auction to close. The successful bids pay the price they bid and are airdropped NFTs or distributed prizes. Losers are refunded.

Instructions for using BidHub to bid in auctions:

1) Connect to BidHub

• Navigate: access https://bidhub.app and find the collection you want to bid on.

• Connect your wallet: Click the button on the screen to connect your wallet to BidHub.

2) Bidding during the Public Bidding Phase:

• Add your bids. You can add as many bids as you like at any price above the minimum bid price. Some auctions will have a min bid price as low as 0.01 Sol!

• Confirm your bids: Submit your bids and accept the transaction requests from your wallet. Once you have confirmed your bids they cannot be changed or cancelled. If you are outbid your bidding currency will be refunded. If there's a bid fee (variable and separate to the amount you are bidding on the auction) it will not be refunded unless stated. Any bid fee will be highlighted. Bid fee's are normally around 0.01SOL per bid, auction dependent. Unless you are outbid, you will pay the price you bid for the NFT/s. So choose your bid price carefully.

• Active Bids: Live bids that are in a ‘winning position’ are displayed on BidHub under the active bids tab. Active bids cannot be amended.

• Wait for the results: If there's no whitelist phase, active (winning) bids will receive NFTs after the close of public bidding.

• Outbid: If you're outbid at any time, you'll get your $Sol back in real-time; minus the highlighted platform fee. Outbid bids will change from ‘active’ to ‘refunded’. You can see your refunded bids from the panel on platform. Access by clicking any bids displayed as refunded.

3) Whitelist Phase - (If the auction has one)

• Whitelist phase: If there's a whitelist phase, only whitelisted wallets for that mint can participate.

• Whitelist bids have priority over public bids. The lowest value bids from the public phase will be replaced by whitelisted wallets bids.

• There are two methods of WL pricing (all WL wallets will be offered the same price):

  • Dynamic whitelist price: The whitelist price is set to the price of the lowest successful public bid.

  • Fixed whitelist price: The price is set by the collection.

4) Distribution Phase

• Receive your NFT or prize: Once all phases are completed, successful bidders will receive their NFT or prizes. Any non-successful bidders will have had there bids refunded.