Dutch Auction
Dutch auction allows prices to change over time. A project might start with a high price and drop as the time goes by. Our implementation of the Dutch auction allows you to specify price brackets and time intervals when the price changes.
For example your project might have the following Dutch auction price brackets [1000, 800, 500, 300] with time interval of 5 minutes. It means that
- initial price for the artwork will be $1000
- after 5 minutes price becomes $800
- after 5 more minutes price becomes $500
- after 5 more minutes price settles to $300 and no longer changes.
There is no limit on the number of price brackets and the time interval is configurable.