Auction System
Introducing Auction System
Introducing the Midgardian Auction System! 🏷️💰
Attention, Midgardians!
The time has come to take your trading game to the next level. The Auction System is officially live, providing you with a brand-new way to buy, sell, and bid on rare and valuable items!
What is the Auction System?
The Auction System allows players to list their prized possessions for others to bid on. Whether you’re looking to offload rare loot or snag a deal on hard-to-find gear, the Auction System is your go-to feature.
Key Features of the Auction System
Global Access 🌍 Players can view and participate in auctions from anywhere on the server—no need to travel to a specific location.
Scheduled Auctions ⏰ Auctions will run at 24 Hour intervals, so everyone has a fair chance to participate. Keep an eye on the schedule to plan your bids!
Rare and Exclusive Items ✨ Expect to see high-value items such as Legendary Weapons, MVP Cards, and more! (Certain items may be auction-exclusive.)
Real-Time Bidding Wars ⚔️ Outbid your rivals in real-time and claim victory before the timer runs out!
Tax System 📜 A 10% percentage of the winning bid goes to the server economy to ensure balance and sustainability.
Safe Transactions 🔒 All transactions are automated and secure. No risk of scams—bid with confidence!
Anonymous Seller : All Seller are keep anonymous, this is to prevent Bypass Negotiation outside the Auction System.
How It Works - Seller
Listing Items Seller can list items through the Auction Manager.
Listing Fee A listing fee is applied to Seller at a rate of 100,000 Zeny for 72 Hours
Outbid Value
Seller can set Outbid value, Outbid value is the highest value that can be instantly purchased by Buyer.
Bidding Notification Every time a Player bid your item on an Auction, Seller and Server will get Notification. However, the identity of the player who bid remain Anonymous.
Bidding Time Every time a Player bid your item, the time of the Auction is extended 1 Minute.
Winning Notification
When an Auction is completed, Seller and Server will get Notification.
Seller Rewards
When an Auction is completed, Seller will get their Zeny / Item through Ro-Dex.
How to Auction an Item
Talk to the Auction Manager
Select Auction an Item
You will be required to spend 2,000,000 Zeny as auction Fee. The listing will be available for 24 Hours.
You can choose to Auction in Zeny or Cash Point
Let's say i choose Cash Point
I will need to input the Starting Bid Value, in this case i put 5000 Cash Point as initial starting Bid Value
Next i will need to input the Next Increment Value, in this case i put 10
Then i will need to Input the Buy Out Price, in this case i put 15,000.
Players will get the overview listing of an item before Submit. Please double-check whether the items and the numbers is correct.
Once submitted, you will need to wait for APPROVAL from the GM TEAM.
When someone place a bid on your item, you will get Notification and the server get in-game broadcast as well.
When an item is Sold on Auction, you will get the Zeny / Cash Point from RoDex
How to Bid an Item :
Talk to Auction Manager
Open an Auction
Player can choose either to Bid with the next Increment Value (550 Cash Point)
Player can choose Input Custom Bid Value
Player can Buy Out the Item with the Price set by the Sellers
Player can Cancel their Previous Bid
In this case a Player Bid with 700 Cash Point, A broadcast announcement will be made and all players will be informed.
When a player Outbid an item on Auction
The winner bid will get RoDex containing the Item
How to Exchange Auction Cash to Cash Point
To exchange Auction Cash to Cash Point simply let our Staff knows how much Auction Cash you have.
GM will delete the item (Auction Cash) from your Inventory
GM will send you the Cash Point to your account equivalent to the numbers of Auction Cash you have
How to withdraw Auction Cash into Real-Life Currency?
There is 35% Withdrawal Taxes
The minimum value for Withdrawal is 1000 Auction Cash
Lets say you have 5000 Auction Cash and you want it to withdraw to Real Life currency.
GM will deduct 5000 - 1750 (35% WD Taxes) = 3250 Auction Cash
The Rates for 10 Auction Cash is US$1
GM Midgard will shows you the Current Rate for 1 USDT before proceeding the Withdrawal
GM Midgard only have 1 Withdrawal Method which is Crypto in USDT
You will need to Send USDT Address to GM Midgard
GM Midgard will process the USDT send to your Crpyto Wallet.
Pro Tip :
Get your Zeny and Cash Points ready.
With the Auction System, the economy of Midgardian becomes even more dynamic and exciting. Build your wealth, grab those rare items, and dominate the market!
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