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Bid N Burn
Auction settlement is not live yet.
The earlier prototype recorded auction bids in the application database but did not lock PLS or NFTs in an onchain escrow. That is not sufficient for a real value auction, so bidding and auction creation are disabled until a verified noncustodial PulseChain settlement contract is deployed and integrated.
Funds must be contract controlled
A real bid must be verifiably funded on PulseChain before it can become the leading bid.
Settlement must be verifiable
Winner delivery, refunds, seller proceeds, fees and impact allocation must resolve from contract state rather than editable application records.