For anyone confused: the first 48 hours of the auction is the pre-bidding period, when no tokens are allocated. This is done to determine the floor (starting valuation) of the real auction, that will open on April 15 at 10:00 AM EST. For example, at the recent MegaETH auction, the starting valuation was $1M FDV. @octra didn't set a floor to let the pre-bidders determine it without a prior announcement. This felt like a fair approach to auctions. If you placed bids at the beginning, when it was close to $0 FDV, you did not yet ape, and in fact are already outbid. Only bids within the range are accepted, so if you want to stay in the auction, you should withdraw and resubmit your bid. Hope this helps. We are working with Uniswap to publish an explainer on how this works!https://app.uniswap.org/explore/auctions/ethereum/0xb3079Ec6b82f22A1ABfDCA1A22659aB07Cdf2f0FFor anyone confused: the first 48 hours of the auction is the pre-bidding period, when no tokens are allocated. This is done to determine the floor (starting valuation) of the real auction, that will open on April 15 at 10:00 AM EST. For example, at the recent MegaETH auction, the starting valuation was $1M FDV. @octra didn't set a floor to let the pre-bidders determine it without a prior announcement. This felt like a fair approach to auctions. If you placed bids at the beginning, when it was close to $0 FDV, you did not yet ape, and in fact are already outbid. Only bids within the range are accepted, so if you want to stay in the auction, you should withdraw and resubmit your bid. Hope this helps. We are working with Uniswap to publish an explainer on how this works!https://app.uniswap.org/explore/auctions/ethereum/0xb3079Ec6b82f22A1ABfDCA1A22659aB07Cdf2f0F
