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Roadmap

Auctionity

Our product roadmap helps us share what we’re working on next on our development schedule and the direction that we’re taking our business into. Sharing Auctionity's Milestones helps us open up a dialogue with our customers and contributors about what they want and need. We are well on our way. Have a look at our roadmap below to get a better sense of our progress.

Auctionity DRNet

Auctionity Blockchain

Ethereum LiveNet blockchain transaction mining time and gas costs are two major limitations to deal with before we can create an easy-to-use auction solution. To overcome these two issues, we have decided to use a private Ethereum blockchain for our initial product release. This Private blockchain is based on Ethereum open-source code, through Go implementation (aka Geth). This smart contract solution guarantees a transparent auction process.

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Under 1 second consensus delay
100%
Low transaction cost
100%
Transparent and re-playable
100%
Fast to set up for a benchmark
100%
Fully-described consensus protocol that we could trust
100%
Reactive node able to push new transactions to a socket
100%
Auctionity Core API

Core API for Auctionity

A fast and secure API to communicate with our private blockchain. It will link all the Auctionity's blockchain operations to an HTTP request.

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Auctionity Website Roadmap

Auctionity by Domraider

This is the Minimum Viable Product (MVP) allowing you to see the auction process at work including customer API, the auction widget integration and a demonstration on the platform.

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Customer API
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Auction widget
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Auctionity demo (MVP)
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Block explorer Auctionity

Auctionity Blockexplorer

Auctionity has developed its own Block Explorer which allows you to check transactions in pool. This is a useful tool that can be used to track the history of transactions that have taken place on the Auctionity blockchain. All transactions are publicly recorded on the blockchain and you can search to find more detail about any one of them. The Auctionity Block Explorer is set to become a complete resource in the future.

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Auctionity Open Core API

Open Core API

The core API has been cleaned up and documented to allow anybody to use it easily and to bring their own auction implementation to the Auctionity blockchain.

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Api development
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Api documentation
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payment-guarantee-roadmap-auctionity

Payment guarantee

Payment guarantee counter-party for all auctions.

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Connect livenet via Oracle
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General deposit for several auctions
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Auctionity v2 Roadmap

Auctionity v2 core blockchain project

Auctionity will bring an auction-optimized blockchain technology. For auctions processes to execute faster and in a perfectly transparent way, some specific mechanisms will have to be added to reduce operation costs and increase transaction speed. This will eventually lead to a fully decentralized solution allowing anyone to join the network.

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Advances Auction Features

Advanced auction features

Proxy bidding makes bidding on auctions easier and less time-consuming for buyers once the auction reserve price has been met. Proxy bidding is an implementation of an English second-price auction, in which the winning bidder pays the price of the second-highest bid plus a defined increment.

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Step auction
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Proxy Bidding
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Immediate buying (dependent on payment guarantee)
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Reserve price (dependent on payment guarantee)
25%
Customizable auctions for variable guarantee
35%
Anonymous deposit unlinked to auction participant
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Other auction process

Other auction process

The first form of auction developed on Auctionity is the English auction, also known as an open ascending price auction. This kind of auction is the most common form of auction in use today. To extend the adoption of Auctionity by more people, other forms of auctions will be developed: Vickrey auctions also known as a sealed-bid second-price auction, and Dutch auctions aka open descending price auction.

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Vickrey auction
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Dutch auction
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Foreign Nodes Auctionity

Open Auctionity for foreign nodes

Waiting for core v2, Auctionity will allow foreign nodes to participate in the validation consensus and guarantee Auctionity decentralization and trust.

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Delivery Guarantee

Delivery Guarantee

This feature lets buyers know exactly when their items will arrive, leading to happier customers and more sales for sellers who qualify.

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ERC 721 linked auction for delivery guarantee
20%
ERC 721 secured deposit system
10%
Trustless final exchange system
5%
SaleRoom

Saleroom

Bid online for NFT collectibles on the no.1 online blockchain auction site.

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Seller dashboard
5%
Bidder dashboard
5%
Sponsor dashboard
5%
Public auction saleroom
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Community Reward

Community reward

A percentage of the final amount of the auction sale is defined prior to the auction and will be distributed to each sponsor accordingly after the auction.

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Community reward split between all sponsors
10%
Custom community reward %
10%
Community reward automatically dispatched at auction end
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Fair repartition system for bid sponsors
5%