About the auction

The basics

My Coins are issued by the administrator. Members acquire coins by bidding in an auction session and paying the matched seller directly. Every coin carries a maturity plan; when that plan completes, the coin can be listed for sale in a future auction at its matured value.

Sessions

Auctions run twice a day. The exact times are configured by the administrator and published on the schedule page. Bids can be placed while a session is open; matching happens when the session closes.

Matching and payment

• Bids and listings are matched at the close of a session.
• The buyer sees the seller's banking details for that transaction only.
• The buyer pays by EFT and uploads proof of payment.
• The seller confirms receipt, and the coin transfers to the buyer.
• Unconfirmed or disputed payments are escalated to the administrator.

Referrals

Every member receives a sponsor ID. When someone registers using your ID and completes a purchase, a referral bonus is credited to your account at the rate configured by the administrator.

Important

Participation carries risk. Configured return percentages describe how listing prices are calculated at maturity; they are not guaranteed investment returns, and settlement depends on other members meeting their obligations.