mirror of
https://github.com/hanzo-labs/arcadia.git
synced 2026-10-30 18:55:41 +00:00
63 lines
3.5 KiB
Smarty
63 lines
3.5 KiB
Smarty
<article class="block" ng-hide="hideEnsInfoPanel">
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<div class="cont-md">
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<h4> What is the process like? </h4>
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<h6 ng-click="ensPrep = !ensPrep">
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<span ng-show="!ensPrep">+</span><span ng-show="ensPrep">-</span>
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1. Preparation
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</h6>
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<ul ng-show="ensPrep">
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<li> Decide which account you wish to own the name & ensure you have multiple backups of that account.</li>
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<li> Decide the maximum amount of ETH you are willing to pay for the name (your <u>Bid Amount</u>). Ensure that account has enough to cover your bid + 0.01 ETH for gas.</li>
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</ul>
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<h6 ng-click="ensAuct = !ensAuct">
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<span ng-show="!ensAuct">+</span><span ng-show="ensAuct">-</span>
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2. Start an Auction / Place a Bid
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</h6>
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<ul ng-show="ensAuct">
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<li> Bidding period lasts 3 days (72 hours). </li>
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<li> You will enter the <u>name</u>, <u>Actual Bid Amount</u>, <u>Bid Mask</u>, which is protected by a <u>Secret Phrase</u>.</li>
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<li> This places your bid, but this information is kept secret until you reveal it.</li>
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</ul>
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<h6 ng-click="ensReveal = !ensReveal">
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<span ng-show="!ensReveal">+</span><span ng-show="ensReveal">-</span>
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3. Reveal your Bid
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</h6>
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<ul ng-show="ensReveal">
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<li class="strong">If you do not reveal your bid, you will not be refunded.</strong> </li>
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<li> Reveal Period lasts 2 days (48 hours). </li>
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<li> You will unlock your account, enter the <u>Bid Amount</u>, and the <u>Secret Phrase</u>.</li>
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<li>In the event that two parties bid exactly the same amount, the first bid revealed will win.</li>
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</ul>
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<h6 ng-click="ensFinalize = !ensFinalize">
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<span ng-show="!ensFinalize">+</span><span ng-show="ensFinalize">-</span>
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4. Finalize the Auction
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</h6>
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<ul ng-show="ensFinalize">
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<li> Once the auction has ended (after 5 days / 120 hours), the winner needs to finalize the auction in order to claim their new name.</li>
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<li> The winner will be refunded the difference between their bid and the next-highest bid. If you are the only bidder, you will refunded all but 0.01 ETH. </li>
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</ul>
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<h6 ng-click="ensMore = !ensMore">
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<span ng-show="!ensMore">+</span><span ng-show="ensMore">-</span>
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More Information
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</h6>
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<ul ng-show="ensMore">
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<li>The auction for this registrar is a blind auction, and is described in <a href="https://github.com/ethereum/EIPs/issues/162" target="_blank" rel="noopener">EIP162</a>. Basically, no one can see *anything* during the auction.</li>
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<li><a href="http://docs.ens.domains/en/latest/userguide.html#registering-a-name-with-the-auction-registrar" target="_blank" rel="noopener">ENS: Read the Docs</a></li>
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<li><a href="https://medium.com/the-ethereum-name-service/announcing-the-ethereum-name-service-relaunch-date-4390af6dd9a2" target="_blank" rel="noopener">Announcing the Ethereum Name Service Relaunch Date!</a></li>
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</ul>
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<hr />
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<h6><a href="https://myetherwallet.groovehq.com/knowledge_base/categories/ens" target="_blank" rel="noopener">Help Center: ENS</a>
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·
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<a href="https://myetherwallet.groovehq.com/knowledge_base/topics/debugging-a-bad-instruction-reveal" target="_blank" rel="noopener">Debugging a [BAD INSTRUCTION] Reveal</a></h6>
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<p>Please try the above before relying on support for reveal issues as we are severely backlogged on support tickets. We're so sorry. :( </p>
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</div>
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</article>
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