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Introduction to the TokenTrip Auction House

Welcome to the TokenTrip Auction House, a fully on-chain, decentralized, and fair marketplace for unique experiences. Our auction system is designed to provide a professional and secure environment for both sellers and bidders.

Key Features​

Our smart contract enables a robust auction experience with several key features:

  • Multi-Currency Support: Sellers can choose to run auctions in either SUI or our native TKT token, providing flexibility and utility.
  • Reserve Price: Sellers can set a secret minimum price. If the auction doesn't meet the reserve, the NFT is safely returned to the seller, protecting them from underselling valuable assets.
  • Anti-Sniping: To ensure fair price discovery, any bid placed in the last 5 minutes of an auction will automatically extend the end time, giving other bidders a chance to respond.
  • Creator Royalties: The original creator of an ExperienceNFT automatically receives a royalty percentage on every successful auction sale on the secondary market.
  • Decentralized Settlement: Once an auction ends, anyone can trigger the settlement function to finalize the transfer of the NFT and funds, ensuring the marketplace runs autonomously without relying on any central party.