From ccf138a7561e53ade80e15d891be74c762b52f6d Mon Sep 17 00:00:00 2001 From: Dennis Dawson Date: Tue, 14 Feb 2023 10:01:11 -0800 Subject: [PATCH] Update content/concepts/tokens/nftoken-auctions.md Co-authored-by: oeggert <117319296+oeggert@users.noreply.github.com> --- content/concepts/tokens/nftoken-auctions.md | 6 +++++- 1 file changed, 5 insertions(+), 1 deletion(-) diff --git a/content/concepts/tokens/nftoken-auctions.md b/content/concepts/tokens/nftoken-auctions.md index 60abf386e3..fe8ca58ed5 100644 --- a/content/concepts/tokens/nftoken-auctions.md +++ b/content/concepts/tokens/nftoken-auctions.md @@ -12,7 +12,11 @@ There are several ways to run an auction, each with advantages and disadvantages ## Run the Auction Off the XRPL, Complete the Purchase on XRPL -This flow is listed first as it is the most straightforward. You store your bids in a private database. You take a cut of the winning bid prior to sending the Buyer/Seller the XRPL transaction that completes the purchase. Note that because NFTokenOffer objects can always be canceled by their creator, it is not currently possible to implement a binding offer. +This flow is the most straightforward. Note that the `NFTokenOffer` objects can always be canceled by their creator, so it's not possible to implement a binding offer. + +1. Store your bids in a private database. +2. You take a cut of the winning bid. +3. Send the buyer/seller the XRPL transaction to complete the purchase. ## Run the Auction in Brokered Mode, with a Reserve