User Guide for biding platform

Getting started

Welcome! If you are new to Atreus, you are in the right place.

This introduction to Atreus covers things like:

  • What we do
  • How we can help you
  • The basic terminology we use
  • The process of practical usage

Let’s get started!

Overview

Atreus provide a complete platform for selling online auction that includes several auctions types, such as:

  1. Forward English auction
  • An ascending dynamic auction: lots are sold to the bidder, whose bid is the highest one.
  • Participants anonymously increment their bids at least by a minimal step value, particular for each auction.
  • Consists of three stages.
  • A winner is the participant with the highest bid.
  1. Insider Auction, Based on Dutch Auction
  • a modification of a Dutch auction and a price ascending auction.
  • consists of three stages:
  1. Dutch auction: initial lot value is gradually decreasing by 1% (80 steps) until one of the participants agrees in this way to buy a lot for the indicated at that moment price or the Dutch auction stage finishes at 20% of initial price.
  2. Sealed bid: all participants that have joined the Dutch auction, except for the one that has made a bid at the first stage can make a sealed bid that shall exceed the bid made previously.
  3. Best bid: lasts 5 minutes, all bids, made at the Sealed bid, shall be disclosed (while names remain unknown), and the winner of the first stage has an opportunity to increase their bid at the Best bid stage.

After the Best bid part a participant that has made the highest bid or the highest sealed bid becomes a winner.

User roles

A user’s role determines what they can and cannot do in a site. Each role has a default set of permissions. The following sections describe these permissions. In general:

  • Auction administrators have full rights to the site content that they own;
  • Bidders have rights to edit content created by Auction administrators.
  • Visitors have view-only rights in a site: they cannot create their own content.

Connecting to the Application

Address

You must connect to the application using the following address:

Atreus Auction as a Service

Authentication

Registration for Auction administrators

If you provide your email address, you will receive an email containing:

  • Password - a code that allows access to a personal account. (You can change your password later in your profile settings)
  • Broker key - a code you provide to the app to authenticate yourself.

Log In for Auction administrators

Please use your email as a login to the personal account and password received from registration email.

Personal account

After login you will enter your personal account were you can create new auctions, see list of finished, planned or unsuccessful auctions, access to the documentation, access API endpoint, edit your password, design of your profile etc.

  1. Home page

Home page consist of the list of auctions which are already completed, which were unsuccessful, which not yet started or are active at this moment.

  1. Profile page

In your profile settings you can:

  • change your password
  • access API end point and documentation
  • change your theme configurations
  1. Create auction page

This page allows you to create different types of auctions in few easy steps.

Usage

Forward English auction

Creation

  1. Select CREATE AUCTION.
  2. Chose Auction type: english
  3. Fill information about your auction, such as:
Filed Required Comments
Title yes auction name
Description no Deatailed description of the auction
Value yes Initial value of the auction. Can not be negative or 0
Minimal step yes Can not be negative or 0
Tender period end date and time yes Tender period start date and time is the moment of auction creation. Tender period end date should be at leat 10 minute from tender period start date.
Action period start date and time yes Tender Period should end at least 10 minutes earlier auction period start
  1. Add one or several items for your auction using ADD ITEMS button, where you need to enter:
Field Comments
Title name of the item
Quantity Can not be negative or 0
Unit unit of quantity measure

You can add aditional items using Add item button. Press SAVE button to save your changes or Cancel button to undo your actions.

  1. Press CREATE button to create auction.

Bidder registartion

After auction creation you wil see your freshly created auction in List Auction By clicking on desired auction you will enter detailed view where you can add bidders for this auction.

Select button REGGISTER BIDDER in order to add bidders for your auction In pop up window enter your user credentials, such as: * Name * Email * Bid

Press SAVE button to save your changes or Cancel button to undo your actions. Repeat above actions to add multiple bidders.

Active auction

Using Participation URL bidders can access auction.

After Auction start date all bidders have 4 minutes to enter auction.

Forward english auction have 3 rounds where every bidder have 3 minutes to place a bid.

Bidding order depends on min-max bid. If your initial bid is lowest or you end round with lowest bid in next round you will make your bid first.

Announcment of the winner will be done in the end of third round of the auction.

After auction ends you will see it in List Auctions in status complete and in detailed view you will find the results.

Insider Auction, Based on Dutch Auction

Creation

  1. Select CREATE AUCTION.
  2. Chose Auction type: insider
  3. Fill information about your auction, such as:
Filed Required Comments
Title yes auction name
Description no Deatailed description of the auction
Value yes Initial value of the auction. Can not be negative or 0
Tender period end date and time yes Tender period start date and time is the moment of auction creation. Tender period end date should be at leat 10 minute from tender period start date.
Action period start date and time yes Tender Period should end at least 10 minutes earlier auction period start
  1. Add one or several items for your auction using ADD ITEMS button, where you need to enter:
Field Comments
Title name of the item
Quantity Can not be negative or 0
Unit Unit of quantity measure

You can add aditional items using Add item button. Press SAVE button to save your changes or Cancel button to undo your actions.

  1. Press CREATE button to create auction.

Bidder registartion

After auction creation you wil see your freshly created auction in List Auction By clicking on desired auction you will enter detailed view where you can add bidders for this auction.

Select button REGGISTER BIDDER in order to add bidders for your auction In pop up window enter your user credentials, such as: * Name * Email * Bid

Press SAVE button to save your changes or Cancel button to undo your actions. Repeat above actions to add multiple bidders.

Active auction

Using Participation URL bidders can access auction.

After Auction start date starts 1 stage of the auction Dutch auction: Initial lot value is gradually decreasing by 1% (80 steps per 1 minute each) until one of the participants agrees to buy a lot for the indicated at that moment price or the Dutch auction stage finishes at 20% of initial price.

After end of Dutch auction all bidders have 10 minutes for preparation to Sealed bid stage.

Sealed bid last fr 10 minutes, all participants that have joined the Dutch auction, except for the one that has made a bid at the first stage can make a sealed bid that shall exceed the bid made previously.

After end of Sealed bid stage first stage winner have 10 minutes for preparation to Best bid stage.

Best bid lasts 5 minutes, all bids, made at the Sealed bid, shall be disclosed (while names remain unknown), and the winner of the first stage has an opportunity to increase his bid at the Best bid stage.

Announcement of the winner will be done in the end of third stage of the auction.

After auction ends you will see it in List Auctions in status complete and in detailed view you will find the results.