> For the complete documentation index, see [llms.txt](https://whitepaper.scove.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.scove.io/marketplace/how-does-it-work/how-to-create-an-auction-for-my-nft.md). # How to create an auction for my NFT? When you place your NFT on Scove.io via an auction, your NFT is sent to a decentralised smart-contract. You have the choice to set some options: * The date and time of the start of the auction * The end date of the auction: when the auction ends, the highest bidder wins, if the minimum price is not reached (reserve price), the owner can recover his NFT * Starting price: bids below this price will not be accepted * Reserve price: If this price is not reached at the end of the auction, the NFT is not sold. * The acceptance price: Once this price is reached, the auction will be automatically concluded, the NFT will be awarded to the buyer and the EGLDs sent to the seller. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://whitepaper.scove.io/marketplace/how-does-it-work/how-to-create-an-auction-for-my-nft.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.