A Great Chance to own one of our limited edition 25 Litecoin and pay in BTC! Welcome to our official auction for coin numbers 100,200,300,400 of our Limited Edition 25 Litecoin. For more information about the product please visit our website -
http://www.coinographic.com/25ltc-limited-silver.
This auction will run from now until 22:00 (forum time) on the 14th September. Please be sure to read our Auction Procedure below before you place a bid.
To place a bid please use the following format;
#100 @ 0.75 BTC
The above would mean you have bid 0.75 BTC on coin number 100.
Auction Procedure1) You are only permitted to bid on 1 coin per post; multiple bids in a single post will be ignored. You can bid on as many coins as you like provided each bid for each coin is placed in a separate post.
2) The minimum bid for each coin is 0.75 BTC.
3) The Auction will close at the 22:00 (forum time) on the 14th September provided there are no new successful bids during the 5 minutes immediately preceding 22:00 on the 14th September.
4) Any successful bids within 5 minutes of the auction close time (21:55 – 22:00) will extend the auction by a further 5 minutes; the auction will continue to extend in 5 minute increments until there are no more bids within the 5 minute refresh period. This rule applies on a per item basis.
For example;
A bid placed on coin number 100 at 21:58 will extend the auction for coin number 100 until 22:03. If a further bid is placed before 22:03 it will extend by a further 5 minutes. This will continue until there are no more bids within the 5 minute refresh period. At that point the auction for the specified coin will end and the winner will be allocated.
This rule is on a per item basis. If coin number 200 had a bid at 21:58 and no further bids were received before 22:03 the auction for that coin would end and the winner would be allocated.5) If you are the Winning Bidder for an item at our auction, you will be obliged to complete the transaction and purchase that item within 72 hours of the auction close.
Processing and Technical ErrorsIn the event of errors in processing and/or site downtime or any other errors or delays caused to the site and/ or Service as a result of unforeseen technological difficulties associated with servers, data hosting or any other reason, we hereby reserve the right to:
a) decide (prior to or after the original time set for conclusion of the online auction) to extend an online auction for a period of time (determined at our discretion); and/or,
b) void that entire online auction transaction and open the auction again at the original start prices
We hope that the auction rules and terms laid out above will make it clear for everyone as to where they stand and go some way to preventing the problems that have risen as a result of our original Voided auction.
Thank you
