# NFT Auction

In line with the best trends in the fashion world, the platform will implement an auction mechanism. Within the Antix platform, users can participate in two types of auctions:

1. **Closed Auction.**
2. **Secondary Market Auction.**

**Closed Auction**

The platform will periodically hold time-limited events in the form of closed auctions.

In order to become a participant in a closed auction, the user must:

1. Be a participant of the 1st Staking Tier (More detailed information is provided in the section Staking).
2. Purchase a ticket on the marketplace (a separate ticket is required for each auction).

During these events, high-rarity NFT assets (classes 4-5) will be available as lots, which can be acquired for the first time only through the closed auction. Each lot has a base price set by the platform. The auction will be held in the traditional format: participants place their bids by increasing the price by at least one step (set at the beginning of the event), and the final price of the lot is determined based on the largest bid placed by the auction participants. At the end of the trading period, the lot is transferred to the user with the highest bid.

![](/files/YwWQtbRmTbhEhN3gp4uq)

Lower rarity assets (classes 1-3) from the same NFT collection will become available for purchase on the marketplace after some time.

**Secondary Market Auction**

Within the secondary market, users will have the opportunity to sell and purchase assets through an auction mechanism. Additional value is created by the ability to acquire assets that belong to specific individuals or have their own history (verified through a unique NFT identifier).

Assets sold by users through the auction mechanism will also be subject to a commission (5% of the base price).


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