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Update content/concepts/tokens/nftoken-auctions.md

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Co-authored-by: oeggert <117319296+oeggert@users.noreply.github.com>
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Dennis Dawson
2023-02-14 10:01:11 -08:00
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content/concepts/tokens/nftoken-auctions.md
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@@ -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