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A bidding fee auction, also called a penny auction, is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid. The auction is extended each time a new bid is placed, typically by 10 to 20 seconds.

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claret-nnamocha/penny-auction

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Sample Hardhat Project

This project demonstrates a basic Hardhat use case. It comes with a sample contract, a test for that contract, and a script that deploys that contract.

Try running some of the following tasks:

npx hardhat help
npx hardhat test
REPORT_GAS=true npx hardhat test
npx hardhat node
npx hardhat run scripts/deploy.ts

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A bidding fee auction, also called a penny auction, is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid. The auction is extended each time a new bid is placed, typically by 10 to 20 seconds.

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