This post breaks down the mechanics behind Litemint’s decentralized NFT auctions on Stellar.

We have just released the Auctions feature on Litemint! NFT owners on Litemint can now run live, time-limited auctions with reserve price to further engage with their potential buyers. Collections also accept a dynamic filter for your auctions.

Litemint auctions are fully decentralized, require no escrow, with full settlement on the Stellar DEX. Let’s uncover the tools and dissect how it works.