// YARD AUCTION BLOCK
List your audited dead code as a timed sale, not only a fixed price. You pay a Scraps listing fee to run the lot. Buyers compete under clear rules—either a descending price you control, or an open bid ladder. When someone wins, Vault holds settlement the same way as any other trade.
// DEFINITION
Waste Auction is the WASTE.LAND name for auction-style listings: the yard runs a clock, Scraps move under rules you choose, and the platform keeps one neutral path to escrow. It sits alongside Offers (open inventory at a price) and Wanted (demand-first posts)—here the drama is time + competition, not just browse-and-message.
// LIST
You still pass The Overseer and publish a real listing. For Waste Auction you pick a mode (see below), set your parameters—start price, floor (reserve), timing, minimum bid steps for open auctions—and pay the listing fee in Scraps when the lot goes live. Fees and refunds follow the economy rules at launch.
// BID / CLAIM
You watch the lot’s live state from the app: current price or current high bid, time to end, and reserve hints where we show them. In descending mode you claim the price on screen before someone else does. In open bid mode you place bids that beat the last valid offer by the minimum step. Winning triggers the same Vault preview-and-release story as everywhere else.
// MECHANISMS
Waste Auction supports Scrapfall (descending price) and open bid formats. Published economy rules apply at launch.
Price starts high and drops on a schedule until someone hits Buy / Claim at the current number, or the price hits your floor without a buyer. Tension: wait for a lower price vs lose the lot to a faster scavenger.
// DECLINING · FIRST CLAIM WINSBidders place rising offers in Scraps before the clock ends. Rules define minimum increment, reserve, and optional anti-sniping. Highest valid bid at close wins (exact settlement rule is fixed at product launch).
// CLASSIC COMPETITION// SETTLEMENT
Auction outcomes are not handshakes in the dark: the winning amount flows into Vault escrow—preview under policy, release or refund per contract, disputes on the same rails as fixed-price deals.
// STATUS
Live auction timers, bidding, and Scraps holds run in the signed-in product. Create an account to participate when Waste Auction is enabled for your region.
Same account, same Scraps, same Vault—only the theatre changes.