3.3 Black Market Auctions
The Black Market is a time-limited, on-chain auction system where all players can compete for rare resources, high-impact items, and tactical schematics. All auctions are conducted in $AGX, and the spent tokens are either partially or fully burned, making the Black Market a key deflationary and resource-balancing mechanism within the AgentX economy.
🔹 Access Rules
The Black Market opens once every 24 hours, at 20:00 UTC daily
Each session features a shared global item pool (up to 5 items per round)
All auction activity is fully on-chain and publicly verifiable
🔹 Auction Mechanics
Each item has a starting price (e.g., 1,000 $AGX)
Each new bid must be at least 5% higher than the previous bid
Bidding extends the auction timer by a short duration (up to a max of 15 minutes per bid)
If no new bids are placed before the countdown ends:
The highest bidder wins, and their $AGX is locked
If a new bid is placed, the previous bidder’s funds are unlocked, and the new bidder becomes the leading offer
🔥 Burn Mechanics
80% of the final winning bid is burned
20% is returned to the liquidity pool (LP)
This system not only serves as a valuable marketplace for elite items, but also reinforces token scarcity and supports the long-term sustainability of the in-game economy.
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