I wonder how this bidding works. Is this binding?
for the current auction, bid prices are like 2K or 3K STEEM, and bidding accounts do not seem to be "real" ones.
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I wonder how this bidding works. Is this binding?
for the current auction, bid prices are like 2K or 3K STEEM, and bidding accounts do not seem to be "real" ones.
Thank you for your question. This is a difficult topic as some people use specialised accounts which do not have the necessary Steem in their own accounts. Generally, bids are binding and we delete unrealistic bids which are way above the current highest bids. In other cases we will give a short notification to small accounts telling them that we will void their bid if they do not move a decent amount of Steem into their account. Does this answer your question?
Yes - thank you for the answer. It makes sense.
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