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IMXcenter auctions for Gods Unchained!

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Published: 14 May 2025 › Updated: 14 May 2025IMXcenter auctions for Gods Unchained!

IMXcenter auctions for Gods Unchained!

Auctions are live on imx.center for Gods Unchained!

Auctions are now available on imx.center for Gods Unchained assets.
This release was made without waiting for the zkEVM chain, to meet the demand for token trading.
You can now list your tokens or cards for auction and choose any currency in return: ETH, GODS, USDC, IMX.

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Why now?

To respond to growing interest in token-based trading, I decided to launch the auction feature before ZkEVM migration.
This allows users to immediately trade assets using the token of their choice.

zkEVM Migration

All assets listed in auctions are safe for future migration. Key protections include:

  1. Auctions have a maximum end time of 7 days, with a visible countdown. When the timer runs out, all assets that didn’t participate in the trade are automatically returned to their owners.
  2. In case of migration, assets will be minted on the same system wallet.
  3. All auction data is stored securely in the database, ensuring full compatibility with future chain.

This approach allows me to continue development and prepare for the ZkEVM migration.

P2P offers now free once again!

Peer-to-peer offers are now completely free.
Auctions and "Buy Now" have a minimal 0.5% fee and I plan to keep this way as long as possible.

How to use auctions

There are three types of auctions available:

  • Standard auction
    All bids are public. Bidding continues until the set end time.
    To reduce last-second sniping, the auction can end up to 10 minutes earlier than the scheduled time.

  • Blind auction
    Bids are hidden until the auction ends.
    All results are revealed only after completion.

  • Vickrey auction
    This is a sealed-bid, second-price auction.
    The highest bidder wins but pays the second-highest bid.
    Only the winner is shown after the auction ends.

Vickrey auction example: $1 Bid is going to win but the seller will get $0.5

System returned $0.5 out of initial $1 bid to the buyer



Auction behavior and visibility

  • Once a bid is placed, the auction is locked. The icon updates to show this status.
  • Bids (if public or owned by the user) appear next to the ‘More’ button. Click it to view full auction details.
  • The minimum price (if set) is hidden during the auction and only revealed when it ends.
  • Even if you already placed a bid, you can still use the ‘Buy now’ option to instantly complete the auction. All other bids are returned.

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Pricing options

  • An optional starting price can be set, visible to bidders.
  • A hidden minimum price can be set; if the highest bid is below it, the auction ends with no winner (If not set, minimum price is the starting price, min $0.5).
  • A ‘Buy now’ price can be added in a different currency from the main auction.
    When used, the auction ends immediately and all other bids are returned.

I also added a few live auctions myself as examples – to give you a good feel for how things work.
No hidden minimums, just simple settings:
I used a start bid price I’d be happy to part with my assets for, and a ‘Buy now’ price slightly below market, in case someone wants a quick deal.

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Feel free to explore, bid and experiment.
And if something looks off – let me know. I’ll be fixing and improving things as we go.

Thanks,
Templar

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Written by

Fullstack dev, Founder of GUMETA.web.app and IMX.center on Immutable

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