The Blockchain Services

The LastChance auction (hereinafter “Auction”) is a crypto asset auction from start to end operated by a bespoke smart contract set up before the start thereof. Auction offers the possibility to bid on a crypto asset whose starting price is significantly lower than its market value. Auction is fully transparent and secure due to its smart contract’s direct communication with the blockchain; the fact of each bid placed and each lot won is immutable. The Auction Service is provided free of charge and at your own risk. Company may under no circumstances be held liable for any damage resulting from a transaction carried out through an Auction.

On the LastChance platform, you’re the one who sets the price for the assets you’re after, as the platform’s sale mechanics in its essence is that of an auction. Our platform enables people to acquire crypto assets at prices different from their market averages.

Every auction is based on its own smart contract storing an asset, i. e. a predetermined cryptocurrency amount, or an NFT that was put up as a lot. Each auction is unique because they are all set up differently, from lot contents and its starting price to minimum and maximum bid increment values, as well as auction time increment, an amount of time added to the initial auction duration with each new bid. I’d like to specifically mention that there are BNB auctions on the platform, the ones featuring BNB as the bidding currency, and LCT auctions where bidding takes place in LCT - the platform’s native token. Both types have their own mechanics yet work on the same principle.

Users compete for a lot, placing bids that are recorded in a smart contract. The very last bid is the winning one once the auction ends. The highest bidder gets a valuable asset at a price that may be substantially lower than its market price. All other participants’ wallets will be credited with a full total amount of their bids in highly liquid LCT tokens at the LCT/BNB exchange rate present at the end of the auction.