# Auctions Tool

Same as our whitelisting tool, auctions can be performed only by our official partners. The process is simple and you can get an auction started within a few steps.

Can be accessed by using *<mark style="color:yellow;">`$auction-panel`</mark>* command.

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{% tab title="UI" %}

<figure><img src="https://media.discordapp.net/attachments/851166839970070550/1065045043213238282/image.png" alt=""><figcaption><p>Place a bid!</p></figcaption></figure>

<div><figure><img src="https://media.discordapp.net/attachments/851166839970070550/1065045361573515275/image.png" alt=""><figcaption></figcaption></figure> <figure><img src="https://2554490591-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FiqO3tirwWKZN1OmTj554%2Fuploads%2FG7i3P9odFf6Wwg5gjllv%2Fauction%20ui.png?alt=media&#x26;token=cd0688e2-4aac-4e11-baf4-0c48e7107ed4" alt=""><figcaption></figcaption></figure></div>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065045539940487248/image.png" alt=""><figcaption></figcaption></figure>

[⏰](https://emojipedia.org/alarm-clock/) *Auction end date can be extended by placing a bid in last 5 minutes. Can be an endless bid battle!*
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{% tab title="Auction Panel" %}
Deposit NFTs and create an auction right on Discord in a few easy steps!

<figure><img src="https://2554490591-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FiqO3tirwWKZN1OmTj554%2Fuploads%2F2NweoQVNRMfCkfVEIRI5%2Fimage.png?alt=media&#x26;token=1f908874-b30e-495c-8484-2842990698b7" alt=""><figcaption></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/851166839970070550/1065040804944547911/image.png?width=400&#x26;height=676" alt=""><figcaption><p>Note: Before you create an auction make sure you have NFTs deposited in vault.</p></figcaption></figure>
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{% tab title="Deposit NFTs" %}
You can deposit up to 10 NFTs by clicking on "Deposit NFTs" button on *<mark style="color:yellow;">`$auction-panel`</mark>*.

Your **unique memo** will be generated and you'll have to deposit the assets on our *<mark style="color:yellow;">`maxylabvault`</mark>* wallet. When you're done with this step push again $auction-panel command and your NFTs will be shown there!

<figure><img src="https://media.discordapp.net/attachments/851166839970070550/1065040804944547911/image.png?width=400&#x26;height=676" alt=""><figcaption></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065056081715409006/image.png" alt=""><figcaption><p>Everyone has an unique memo identifier.</p></figcaption></figure>
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{% tab title="Create Auction" %}
Create an auction right from *<mark style="color:yellow;">`$auction-panel`</mark>*&#x6F;nce you deposited the NFTs in our vault!

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065043546140319864/image.png?width=759&#x26;height=676" alt=""><figcaption><p>Once you send asset ID, NFT information such as name, mint and IFPS image will be automatically generated.</p></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065043990203871262/image.png" alt=""><figcaption></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065044276507062352/image.png" alt=""><figcaption></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065044403086954683/image.png" alt=""><figcaption></figcaption></figure>

<figure><img src="https://media.discordapp.net/attachments/866014845769089034/1065044566396391444/image.png" alt=""><figcaption><p>Once the auction ends, the bot will transfer the NFT to the winning bid. If there is no winner, the NFT will stay in the Maxylab NFT Vault.</p></figcaption></figure>
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