Difference between revisions of "Powers Auction"

From xat wiki
Jump to: navigation, search
m
 
(9 intermediate revisions by 4 users not shown)
Line 1: Line 1:
<languages/>
+
{{shortcut|pauction}}<languages/>
 
<translate>
 
<translate>
 +
<!--T:1-->
 +
xat has an auction system where you can bid for limited powers.
  
===xat is introducing a new auction system where you can bid for limited powers=== <!--T:1-->
+
<!--T:3-->
 +
The auction page is located here: http://xat.com/web_gear/chat/Auction4.php<nowiki>.</nowiki> If you are looking for identification numbers (IDs) auction information, please click [[Auction|here.]]
  
<!--T:2-->
+
== Auction == <!--T:15-->
PLEASE NOTE the powers auction system is in beta and there may be issues.
 
  
<!--T:3-->
+
<!--T:16-->
The auction page is here: <tvar|link1>http://xat.com/web_gear/chat/Auction4.php</>
+
'''Before bidding on a power, read the auction rules as stated on the [http://xat.com/web_gear/chat/Auction4.php power auction page.]'''
  
 
<!--T:4-->
 
<!--T:4-->
Each bidder in the auction bids the maximum price and the quantity they wish to acquire. At the end of the auction everyone will pay the lowest price, the same as the last successful bidder to win.
+
In this auction system, each bidder bids the current minimum value on the quantity of powers they wish to acquire (up to 80 powers), and at the end of the auction everyone will pay the current minimum value. If you win an auction, the xats will be automatically deducted and the powers will be placed on your account.
  
<!--T:5-->
+
<!--T:17-->
*You must have the amount of xats to the amount you are bidding, if you do not have that amount when the minimum rises, your bid will not be processed.
+
'''Note:''' You may increase your bid as the minimum value increases. However, you cannot reduce the quantity of powers that you are bidding for.
*You can bid for a maximum of 80 powers.
 
*You can increase your bid, but you cannot reduce the quantity of powers that you previously bid for.
 
'''The auction works as followed below'''
 
*The '''bid''' field is the price, you will be bidding to pay for EACH power.
 
**If you bid 100 xats and you are bidding for 80 powers, you will need 8000 xats total to cover your bid.
 
*Current Maximum: '''This is the highest bid so far.'''
 
*Current Average: '''This is the current average price for the power out of all bids above the minimum bid.'''
 
*Current Minimum: '''This is the minimum price that you need to bid to get a power. It is also the price that everybody will pay when the auction ends.'''
 
  
<!--T:6-->
+
=== Technical information === <!--T:18-->
If you want more technical information on how this auction works, visit http://en.wikipedia.org/wiki/Uniform_price_auction
 
  
===Bidding=== <!--T:7-->
+
<!--T:19-->
 +
* '''Current Maximum''' will show the value of the highest bid.
  
<!--T:8-->
+
<!--T:20-->
*You will be bidding for the power in auction.
+
* '''Current Average''' will show the value for the power out of all bids above the minimum bid.  
*If the auction ends with less than 8000 bids, everybody that bid will pay 10 xats per power for the quantity they originally bidded for.
 
*If the aucton starts to go over 8000 bids, the minimum price will start to change and people will pay the minimum price when the auction ends.
 
  
===HOW TO GET YOUR WINNING POWERS=== <!--T:9-->
+
<!--T:21-->
 +
* '''Current Minimum''' will show the current minimum value that you need to bid to get a power, which is also the price that everyone will pay for the power when the auction ends.
  
<!--T:10-->
+
<!--T:22-->
*You will automatically receive your powers soon after the auction ends. [http://xat.com/login Login] if you do not.
+
Click [https://en.wikipedia.org/wiki/Uniform_price_auction here] if you are looking for further technical information on how this auction system works.
  
===Example auction=== <!--T:11-->
+
===Example auction=== <!--T:10-->
  
<!--T:12-->
+
<!--T:11-->
If the auction is for 8000 powers and at the end of the auction the minimum bid is 200 xats then everyone who bid 200 xats or more gets the powers they bid for but for 200 xats each. Everyone who bid less than 200 xats gets nothing, but they also do not lose any xats.
+
If the auction is for 8000 powers and at the end of the auction the minimum bid is 200 xats, everyone who bid 200 xats or more will win the auction and get the powers for 200 xats each. Everyone who bid less than 200 xats will not win the auction, but they will also not lose any xats.
  
===How should I bid?=== <!--T:13-->
+
===How should I bid?=== <!--T:12-->
  
<!--T:14-->
+
<!--T:13-->
It depends what you want to achieve. If there are 500 CLEAR powers for auction:
+
It depends on what you want to achieve. For example, if there are 500 clear powers up for auction:
* If you want a bargain you could bid low (eg 500 xats) but there is a good chance you will get nothing
+
* If you want a bargain you could bid low (e.g. 500 xats), but there is a good chance you will not win the auction.
* If you want to get the power but not pay too much you could bid 2000 xats, there is a good chance you will get it for less.
+
* If you want to get the power, but not pay too much, you could bid 2000 xats as there is a good chance you will get it for less.
* If you are very keen you could bid 4000 xats. You could probably get it on trade for less so you should get it in the auction and hopefully for less than the 4000 you bid.
+
* If you are very keen, you could bid 4000 xats. You could probably get it for less in a trade chat so you should get it in the auction and hopefully for less than the 4000 you bid.
 
</translate>
 
</translate>
 +
__NOTOC__

Latest revision as of 20:54, 11 January 2017

Other languages:
العربية • ‎English • ‎español • ‎français • ‎magyar • ‎italiano • ‎polski • ‎português do Brasil • ‎română • ‎ไทย • ‎Tagalog • ‎Türkçe

xat has an auction system where you can bid for limited powers.

The auction page is located here: http://xat.com/web_gear/chat/Auction4.php. If you are looking for identification numbers (IDs) auction information, please click here.

Auction

Before bidding on a power, read the auction rules as stated on the power auction page.

In this auction system, each bidder bids the current minimum value on the quantity of powers they wish to acquire (up to 80 powers), and at the end of the auction everyone will pay the current minimum value. If you win an auction, the xats will be automatically deducted and the powers will be placed on your account.

Note: You may increase your bid as the minimum value increases. However, you cannot reduce the quantity of powers that you are bidding for.

Technical information

  • Current Maximum will show the value of the highest bid.
  • Current Average will show the value for the power out of all bids above the minimum bid.
  • Current Minimum will show the current minimum value that you need to bid to get a power, which is also the price that everyone will pay for the power when the auction ends.

Click here if you are looking for further technical information on how this auction system works.

Example auction

If the auction is for 8000 powers and at the end of the auction the minimum bid is 200 xats, everyone who bid 200 xats or more will win the auction and get the powers for 200 xats each. Everyone who bid less than 200 xats will not win the auction, but they will also not lose any xats.

How should I bid?

It depends on what you want to achieve. For example, if there are 500 clear powers up for auction:

  • If you want a bargain you could bid low (e.g. 500 xats), but there is a good chance you will not win the auction.
  • If you want to get the power, but not pay too much, you could bid 2000 xats as there is a good chance you will get it for less.
  • If you are very keen, you could bid 4000 xats. You could probably get it for less in a trade chat so you should get it in the auction and hopefully for less than the 4000 you bid.