Welcome to Joltify
  • Introduction To JOLTIFY
  • Real World Asset Lending
    • Background
    • Business Model In JOLTIFY
      • Tokenize Document To NFTs
      • NFT Ownership Transfer
      • Token Economics
    • Utilization of JOLTIFY In Different lending Environments
    • Project-Based Lending
      • Use Case: A Solar Farm Financed By JOLTIFY
    • Investment Pool Processes and Rules
  • Asset-Based Lending
    • A Commercial Development Asset-Based Loan Within The JOLTIFY network
  • Cash Flow-Based Lending
    • Cash Flow-Based Loan In JOLTIFY To Help A Car Company Grow Its Business
  • Digital Asset Lending
    • Backgound
    • Joltify Digital Asset Lending
    • Market
    • Liquidation
  • Jolt Buy-Back And Burn
    • Jolt Buy-Back And Burn
  • Joltify Techs
    • JOLTIFY Chain Techs
      • Validator Election & Punishment
      • JOLTIFY Chain Bridge
    • Development on Joltify EVM
      • Configuration
      • Token Conversion
      • Development Tutorial
    • Nodes and Validators
      • Requirements
      • Joltify Installer
      • Run a Fullnode
      • Become a Validator
    • Endpoints
    • Connection
  • Joltify Testnet
    • Get Ready
    • Swap & Digital Lending
    • JOLT Buyback-Burn
    • RWA Lending
      • Role Introduction
      • Investor Guideline
      • Notation Explanation
      • Investing Timeline
    • Cross-Chain Bridge
    • Joltify IBC Transfers
  • Joltify Point System
    • Introduction
    • Invitation Mechanism
    • Basic Missions
    • Testnet Missions
    • Mainnet Missions (Coming soon)
    • Discord Role Claim
    • Partner Missions (Coming soon)
  • Term of Use
    • TERMS AND CONDITIONS OF USE FOR BORROWERS AND ISSUERS
    • WEBSITE, JOLTIFY PROTOCOL AND JOLTIFY CHAIN TERMS AND CONDITIONS OF USE
    • PRIVACY POLICY
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On this page
  • Auction Options
  • Auction Duration
  • Bidding Amount
  1. Joltify Testnet

JOLT Buyback-Burn

PreviousSwap & Digital LendingNextRWA Lending

Last updated 1 year ago

Users can start bidding for an auction by clicking the "JOLT Buyback-Burn" button located on the left side of the page.

Testnet Link:

Auction Options

At the top of the page, there are six auction categories, each for a different asset.

The percentage displayed alongside each asset represents the accumulated proportion required to initiate its respective auction.

In particular, the USDC auction will commence as soon as the targeted amount of USDC is achieved.

Auction Duration

Each auction has a maximum bidding duration, for example, 45 minutes.

In this scenario, each bid can sustain the auction for a maximum of 30 minutes.

Please note that if the remaining bidding duration stays above 30 minutes, the auction's countdown timer will be reset to a 30 minutes interval. Otherwise, the auction's countdown timer will not be reset.

Bidding Amount

  1. The first bid for an auction has be more than 0 JOLT.

  2. After the first bid, users need to increase the bid by at least 5% more JOLT compared to the previous bid.

  3. Certainly, the user has the freedom to bid on the auction with any amount of JOLT they desire, enabling them to effectively compete with other bidders.

You can find additional details .

You can watch the to perform the above operation.

https://testnet2.joltify.io/auction-give-back
here
demonstration video