1) First, place a bid. If you get outbid, your bid will be REFUNDED, plus an additional PAYOUT, up to 10% of the original bid amount.
2) Continue bidding until the timer runs out. If a bid is placed near the end of the auction, the Auction timer will be extended.
3) After the Auction has finished, the highest bidder can CLAIM their NFT from the “My Bids” page.