01
Escrowed bid
Each bid locks ETH into AuctionEscrow. Without real funds, an address cannot become the high bidder.
Official eNAT whole auction starts at 10:00 AM EDT.
A native eNAT whole from the official wallet, open for a two-hour auction. Every bid is backed by escrowed funds; when bidding closes, the winning address receives the native whole on the eDMT ledger.
native eNAT delivery·locked bid funds·no wENAT path
Loading auction status...
The lot is a native eNAT whole.
This is not wENAT and not a wrapped NFT. Final delivery happens on the native eDMT ledger, where the winning address becomes the holder of this whole.
10:00 AM
Eastern time EDT
12:00 PM
2h duration
0.1 ETH
Each new bid must be at least 0.1 ETH above the current high bid. You can bid more in one step.
5m
A valid bid in the final 5 minutes extends the auction by 5 minutes, capped at 12:30 PM EDT.
Starting price
starting price = bENAT reference price × burn ETH in the target block
the bENAT reference price is snapshotted before the auction starts
target block, burn amount, and snapshot price will be filled before launch
The contract handles money only, not the eNAT lot.
This avoids wENAT and unwrap explanation risk. Bids escrow real funds; losers withdraw; the winner's funds remain locked until dev delivers the native whole and a delivery proof releases payment.
02
Outbid refund
When a higher bid arrives, the previous high bidder's amount moves into refundable balance and can be withdrawn.
03
Native delivery
After the auction ends, dev sends the target whole directly to the winner with native eDMT transfer.
04
Release payment
After the indexer/API confirms delivery, a delivery proof releases escrowed funds to the seller.
Same-block competition settles by EVM execution order.
The rule is simple: the current high bid is on-chain state; a later transaction must satisfy the minimum raise against the high bid at execution time or revert.
- 01Only a bid that successfully escrows funds counts as a valid bid.
- 02If there is already a high bid, a new bid must be at least 0.1 ETH higher; users can bid more in one step.
- 03If several bids land in the same block, the EVM evaluates them one by one; a later bid can beat an earlier bid only if it clears the raise rule.
- 04An outbid bidder does not lose principal; the amount becomes refundable balance.
- 05The final high bidder's funds remain locked until dev delivers the native whole and payment is released.
This page ships the rules and entry point first; write actions connect after the escrow address is ready.
The page does not pretend the auction is deployed. Once AuctionEscrow, target block, starting-price snapshot, and launch date are final, this area will become live countdown, high bid, bid, and refund actions.