Purusant to Rule 2642, I initiate a stone auction with the following lots: [Soul Stone], [Sabotage Stone], [Concentration Stone], [Protection Stone].
The method to be used for this auction is a Selective-bid Auction, defined jointly by regulations AM5 and AM0, reproduced below. In case of contradiction between either the latest published ACORN or the platonic set of auction regulations and the below text, the below text shall control. ------------------------------------------------------------------------ Regulation AM0/2 Generalized Auction Generalized auctions exist to give context to the form of other types of auctions. They CANNOT be held directly. Other auction methods that use this type of auction as a starting point can override attributes of generalized auctions except when it is explicitly stated that that attribute is not able to be overridden. INITIATION: When a person CAN begin an auction by this or any derivative method, e CAN only do so by specifying the type of auction method to be held, a list of lots to be auctioned off, and the currency for the auction in a public message (henceforth the "initiation message"). The bidding period starts at this point. BIDDING: Players CAN place a bid on an auction in its bidding period by creating a public message (henceforth a "bid message") specifying a number of the auction's currency as eir bid not equal to the bid of another player. Players CAN withdraw from an open auction by announcement. TERMINATION: The bidding period ends four days after the final instance of any of the following events' occurance: * the auction begins * a bid is placed * a player withdraws from the auction RETRIEVAL: When the bidding period ends, the retrieval period begins. During the retrieval period, bidders will be allowed to retrieve the assets required to pay for their bid. The retrieval period lasts three days. Failing to have the requisite assets when the retrieval period for an auction ends constitutes the Class 1 Crime of Underfundedness. AWARDING: For each auction, there are a number of awardees equal to the number of lots. The Nth lot of an auction goes to the Nth awardee of that auction. If the identity of an awardee is undecidable, then that lot cannot be given away. Auction methods specify how awardees are picked for auctions using that method. PAYMENT AMOUNT: The amount that an awardee in an auction is required to pay for eir lot is, unless otherwise specified, the amount of the auction's curency specified in eir highest bid on that auction. FUNDED PLAYERS: Derivative auction methods should ensure that only players who, at the end of an auction's retrieval period, have at least as much of that auction's currency as the amount that e is required to pay in that auction (hereafter "funded players") can be selected as awardees for auctions using that auction method. DISTRIBUTION: The auctioneer for an auction CAN and SHALL, within seven days of the ending of that auction's retrieval period, create a public message (henceforth the "distribution message") that contains a full history of bids on the auction and withdrawals from the auction. It must also clearly indicate each awardee and the lot e recieves. In this message, the auctioneer CAN and SHALL destroy the amount to be paid from the inventory each awardee and transfer to that player (or create in eir possession if the item is new) the set of assets associated with the lot e won. Failing to publish a distribution message constitutes the Class 3 Crime of Auction Abandonment. ACTIVE BIDS: The set of active bids for an auction is the set of all funded, non-withdrawn players' highest bids on that auction. History: Enacted by Trigon, 08 Aug 2020 Amended(1) by Trigon, 28 Mar 2021 Amended(2) by Trigon, 05 May 2021 Annotations: ------------------------------------------------------------------------ Regulation AM1/1 Forward Auctions Forward auctions function like generalized auctions except: * The Nth awardee for a forward auction is the player who submitted the Nth-highest active bid on that auction. History: Enacted by Trigon, 08 Aug 2020 Amended(1) by Trigon, 05 May 2021 Annotations: ------------------------------------------------------------------------